Facebook plunges more than 24 percent on revenue miss and projected slowdown

CNBC ^ | July 25, 2018

[Amish with an attitude]

[Grampa Dave]

Texting is a true gift. Many of our younger adult relatives who are in middle or upper management, don’t have time for phone calls. College kids during school time will respond to short texts to keep in contact with us.

We use texting to communicate with this group and immediate family members.

I have two email lists. One is for relatives/friends, who are conservative. The other is for friends and relatives who are not into texting.

[444Flyer]

BUMP

From 20 minutes ago...

“Facebook’s $100 billion-plus rout is the biggest loss in stock market history”

https://www.cnbc.com/2018/07/26/facebook-on-pace-for-biggest-one-day-loss-in-value-for-any-company-sin.html

[Grampa Dave]

This came Fox at 3:10 pm EDT:

Zuck loses $16B in 5 minutes, key shareholder calls for his head as Facebook shares crater!

The tech titan’s net worth has fallen after weaker-than-expected second-quarter results, and issued guidance that its financial future isn’t as rosy as some thought.

[SaveFerris]

[Maybe it will be a.passing fad???]

I certainly hope so.

[discostu]

Wow revenue is short by just over 1% and the price drops 24%. Talk about some stupid emotional trading. It’s still a $52 billion dollar company folks. Buy, don’t sell.

[Antoninus]

I used to use FB advertising quite a bit. Over time, I found it to be less and less effective in driving sales. This struck me as odd because the ability to use the advertising module to drill-down into my key audiences became more and more sophisticated. If anything, I should have found increased effectiveness.

Then it hit me--I'm selling Christian-related products. Either FB is skewing their marketing to be less effective and more expensive for such advertisers, or Christians are simply fleeing from the medium. Maybe both.

[Excuse_My_Bellicosity]

[Chickensoup]

I created an account because I live in Kentucky and all my family is all over the country. It was a way to stay in touch with everyone. However it’s outlived its usefulness. I was just talking to my wife last week about abandoning the account or closing it. I really don’t use it anymore.

______________

so how do you folks keep in touch now?

[Chickensoup]

facebook made every business a page to claim.

No one uses it. I made mine up and there it sits and I don’t care. I have other venues that are more lucrative.

[cuban leaf]

One of my daughters moved here. :)

We call. We use face time or Google hangouts to video phone. We text, etc.

And as everyone ages (all of our children are over 30) and the physical closeness is not as critical as it was, it’s not as important to share pictures and stuff. When it is important, we email them or send them in a text

[Liz]

<><>Facebook deleting a billion accounts is solid evidence of wrongdoing.

The SEC should be advised that FACEBOOK apparently mislead investors.

CONTACT enforcement @SEC.gov

<><> Investors need to be talking with their lawyers-----their Facebook Annual Reports in-hand.

The SEC prosecutes when publicly-held companies misrepresent their status to investors.

[Liz]

<><>Facebook disabled one billion faked accounts----means Facebook misrepresented itself to advertisers
so that it could charge more for ads. This is a criminal offense.

REFERENCE A couple of newspapermen were jailed b/c they
cooked the books WRT readership —— to charge more for ads.

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