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Thread: The Facebook news thread

  1. #81
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    Facebook shares lost 20% yesterday in after-hours trading. Right now they're down $42.19 (19.38%). Analysts say Facebook's valuation "remains solid." Umm.....okay.

    Facebook's stock plummets as social media giant's growth rate falls short

    http://www.latimes.com/business/la-f...726-story.html

  2. #82
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    On October 24, 1929, selloffs caused the the stock market to lose 11% of its value at the opening bell. The day became known as "Black Thursday." Today Facebook had a "Black Thursday" of its own.

    Facebook's $100 billion-plus rout is biggest loss in stock market history
    CNBC, Jul 26 2018 1:17 PM

    Facebook today posted the largest one-day loss in market value by any company in US stock market history. The social media giant's market capitalization plummeted by $119 billion to $510 billion as its stock price plummeted by 19%. Facebook's enormous loss in value came a day after the company reported weaker-than-expected revenue for the second quarter as well as disappointing global daily active users, a key metric for Facebook. The company also said it expects its revenue growth rate to slow in the second half of this year.

    https://www.cnbc.com/2018/07/26/face...mpany-sin.html

  3. #83
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    Millions of people spend billions of hours on social media sites and lose all track of time. Facebook and Instagram will now monitor those billions of hours and alert users who are turning into addicted zombies. (Those are my words, not Facebook's, but I think they're accurate.)

    Facebook unveils tools to tell users when to stop scrolling

    http://www.latimes.com/business/la-f...801-story.html

  4. #84
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    How much do you want to bet that 20,000,000 Russians knew about Stamos' resignation before he made an official announcement?

    Facebook chief security officer Alex Stamos leaving company to teach at Stanford

    https://www.cbsnews.com/news/alex-st...ng-2018-08-01/

  5. #85
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    An estimated 300,000,000 guns are in the hands of private citizens in the United States. That is truly scary. Facebook is to be commended for banning sites that show people how to make even more guns.

    Facebook bans websites that host and share blueprints for 3D-printed guns

    https://www.cbsnews.com/news/faceboo...-printed-guns/

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