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Facebook scrambles to escape stock’s death spiral as users flee, sales drop
CNBC ^ | FRI, SEP 30 2022 | Jonathan Vanian

Posted on 09/30/2022 9:05:08 AM PDT by conservative98

Meta is trading at its lowest since early 2019, and the stock is one of the worst performers this year in the S&P 500.

The company’s problems are mounting, whether it’s the ad hit from Apple’s iOS changes or the growing threat posed by TikTok.

“I’m not sure there’s a core business that works anymore at Facebook,” said Laura Martin, an analyst at Needham.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy
KEYWORDS: facebook; internet; karma; markzuckerberg; socialmedia
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1 posted on 09/30/2022 9:05:08 AM PDT by conservative98
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To: conservative98

Can’t die fast enough.

I would be happy to see Facebook go the way of Myspace and Geocities.

I could easily see facebook being revamped and be 100% commercial. vendors showing their ware launching products and selling on there.
and facebook taking a commission. Basically a vendor driven/ direct Amazon.


2 posted on 09/30/2022 9:08:19 AM PDT by uranium penguin
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To: conservative98

I’ve been Facebook free for two years and love it. I placed the Zuck in my ‘prison’ permanently.


3 posted on 09/30/2022 9:09:25 AM PDT by Huskrrrr (Alinsky, you magnificent Bastard, I read your book!)
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To: conservative98

great news - Facebook/Meta has earned every bad thing that could possibly happen to them


4 posted on 09/30/2022 9:09:37 AM PDT by ghost of nixon
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To: conservative98
Facebook Year To Date:

Meta Platforms Inc - Class A
NASDAQ: META
139.06 USD
-202.12 (-59.70%)

5 posted on 09/30/2022 9:10:07 AM PDT by SmokingJoe ( )
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To: conservative98

Conservatives are welcome on TikTok. This lady from China married a southern man years ago, and is a US citizen now. Lots of examples of this on TikTok. Facistbook? Not so much.

https://www.tiktok.com/t/ZTRmmD7Ua/


6 posted on 09/30/2022 9:10:10 AM PDT by datura (Eventually, the Lord and the Truth will win.)
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To: conservative98

The headline speaks of Facebook’s ‘death spiral’, but I’ll bet it remains worth billions. In other words, I doubt if Facebook will be going the same way as AOL or MySpace.
I wish the Dragons of Facebook would be felled or greatly diminished in influence, but, not holding breath on that.


7 posted on 09/30/2022 9:11:08 AM PDT by lee martell
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To: uranium penguin

Agree. It was fun for a while. Hard to believe people still post their life on FB.


8 posted on 09/30/2022 9:11:23 AM PDT by PeachyKeen
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To: conservative98
I never understood how a company like Facebook ever had a market capitalization that exceeded the value of its cash on hand and its real estate. The whole operation strikes me as a con game for investors.

In the immortal words of one institutional investor when describing many of these tech stocks a few years ago ...

"I will never invest in a company built on a software platform that can be replicated by a bunch of smart guys working in a garage over a long weekend."

That sounds like he's describing Facebook to a T.

9 posted on 09/30/2022 9:11:45 AM PDT by Alberta's Child ("It's midnight in Manhattan. This is no time to get cute; it's a mad dog's promenade.")
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To: conservative98

“rather than scrolling past political rants from distant relatives with whom they mistakenly connected on Facebook.”

yep


10 posted on 09/30/2022 9:12:32 AM PDT by TexasGator (!!!)
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To: conservative98

I never took the Facebook jab 💉💉💉💉.....


11 posted on 09/30/2022 9:12:45 AM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: conservative98

myspace is waiting for you

in the social media graveyard


12 posted on 09/30/2022 9:17:29 AM PDT by joshua c (to disrupt the system, we must disrupt our lives, cut the cable tv)
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To: datura

“Conservatives are welcome on TikTok. This lady from China married a southern man years ago, and is a US citizen now. Lots of examples of this on TikTok. Facistbook? Not so much.”

Chins loves collecting everyone’s dats!


13 posted on 09/30/2022 9:17:51 AM PDT by TexasGator (!!!)
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To: conservative98

Don’t go away mad, sad....

Just go away.


14 posted on 09/30/2022 9:18:33 AM PDT by Ronaldus Magnus III (Do, or do not, there is no try. )
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To: uranium penguin

Facebook Marketplace probably keeps the website going even now.


15 posted on 09/30/2022 9:18:56 AM PDT by Cedar
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To: null and void; aragorn; EnigmaticAnomaly; kalee; Kale; AZ .44 MAG; Baynative; bgill; bitt; ...

gee, that’s a shame...


16 posted on 09/30/2022 9:18:59 AM PDT by bitt (<IMG SRC=' 'width=50%> )
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To: datura

My wife was wondering who was originating all these dangerous TikTok challenges. I replied, “The Chinese?”


17 posted on 09/30/2022 9:20:22 AM PDT by TexasGator (!!!)
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To: conservative98

Kudos to Elon Musk for exposing how many these social media companies had a large number of “bot” accounts.


18 posted on 09/30/2022 9:21:08 AM PDT by T.B. Yoits
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To: uranium penguin

“I would be happy to see Facebook go the way of Myspace and Geocities.”

I’d like to see it be bought by Gab or Truth Social


19 posted on 09/30/2022 9:21:43 AM PDT by Fai Mao (Stop feeding the beast, and steal its food!)
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To: conservative98

I dumped my Facebook, Instagram, Pinterest, and MySpace (version 2) a long time ago.


20 posted on 09/30/2022 9:22:30 AM PDT by MeganC (There is nothing feminine about feminism. )
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