Posted on 03/07/2022 8:49:19 PM PST by zeestephen
Facebook stock chart in Comment #1. All time high = $384. Market Cap High = $1.05 trillion. Close today = $187. Market Cap Today = $510 billion.
(Excerpt) Read more at bigcharts.marketwatch.com ...
I hope their value - and number of users - becomes the new AOL.
Needs to lose another $300-400 billion in cap.
Collapsing Facebook and Twitter, whose stock is also down by half since September, makes excellent room for Truth Social.
Too much censorship. So it is no longer flourishing, naturally.
As long as their stock is buried in many of the indexed mutual funds, they probably won’t completely collapse. At least not easily.
Better yet - Compuserve!
Rush was promoting CompuServe's Town Hall Forum (run by National Review) on his show. I didn't know much about this "new internet thing," but upon Rush's advice, I decided CompuServe's Town Hall would be my entry point.
NR's Town Hall Forum on CompuServe eventually morphed into NR's Town Hall website.
When sh*t is sh*t.
How people still use the platform these days is beyond me but to each their own.
Tough break. I shorted it.
I was going to say, we could have made a fortune off of Suckerberg’s misfortune if we had all shorted the stock.
What do you mean by “if”? Didn’t you short it with the rest of us? (kidding)
What are all those elderly people going to do with their time if FB folds?
That’s should be the new meme!
“Hey, what are you doing online?”
“I’ve got this neat FB presence........”
“Isn’t that like the new AOL?”
Brave call, HIDEK.
Of the Big Five trillion dollar stocks, Facebook appeared to have the most solid numbers...
Revenue - $118 billion (TTM)
Net Margin - 33.4% (TTM)
Almost no debt.
I will speculate that the price of entry into FB's core business is low, and that FB's customer growth has peaked, and that investors are negative about the whole Metaverse concept?
As a speculator, I would be a buyer of FB at this price, but since Zuckerberg invested $600 million in 2020 voter fraud schemes and continues to censor Conservatives, I hope he and his company burn in hell.
Feb 2 it was $323 then dropped off a cliff and now $187.47
Aug 1, 2021 it was $379.38 this was it’s high in the last 5 years.
https://finance.yahoo.com/quote/FB?p=FB
No rally happening, nothing but down down down.
At some point, the only ones left will be bots.
Will the last one out please turn off the lights? Thank you.
My young adult children and their peers view Facebook as something used by old people; that doesn’t bode well for it.
FRiends, I posted here that Facebook was going down in the next 5-10 years.
I noticed that young people were not signing up and avoided Facebook in favor of Snapchat and TikTok.
It is all downhill from here for Facebook and I am delighted.
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