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Meta’s Spiralling Rout Puts It on Brink of Losing Top 20 Status
Bloomberg via MSN ^ | October 27, 2022 | Subrat Patnaik

Posted on 10/27/2022 4:17:54 AM PDT by ConservativeInPA

Edited on 10/27/2022 11:27:45 AM PDT by Jim Robinson. [history]

Bloomberg


TOPICS: Business/Economy; Culture/Society
KEYWORDS: bloomberg; facebook
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1 posted on 10/27/2022 4:17:54 AM PDT by ConservativeInPA
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To: ConservativeInPA

crazy to me that the American people don’t do more to deep six these anti American platforms


2 posted on 10/27/2022 4:18:47 AM PDT by ronnie raygun
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To: ConservativeInPA

What’s the significance of being a “top 20 US company”?

Is it yet another arbitrary category concocted by “journalists”?


3 posted on 10/27/2022 4:28:11 AM PDT by oblomov
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To: ConservativeInPA

I am glad I will never understand virtual reality.

I hope FB goes under quickly, though I doubt it will. Donald Trump will probably save it, along with the rest of the Titanic.


4 posted on 10/27/2022 4:36:24 AM PDT by Empire_of_Liberty
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To: ConservativeInPA

Bwhahhahah....... Good news for today!!


5 posted on 10/27/2022 4:45:45 AM PDT by dennisw (Never attribute to stupidity, what can be attributed to malice)
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To: ConservativeInPA
How's that spending a massive $500 Million to steal the 2020 elections for Dementia Joe paying off now, Zuckerberg?
All conservatives need to leave Facebook now.
6 posted on 10/27/2022 4:46:32 AM PDT by SmokingJoe ( )
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To: ConservativeInPA

“Meta announced its shift to investing in virual reality a year ago, along with a name change of the company from Facebook Inc. to Meta Platforms. “

Zucky bet all, bet billions on his Meta virtual reality platform. His pet project!.... Turns out no one is interested in it...... Bwahahhahah


7 posted on 10/27/2022 4:49:43 AM PDT by dennisw (Never attribute to stupidity, what can be attributed to malice)
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To: ConservativeInPA

Cry me a river…


8 posted on 10/27/2022 4:54:13 AM PDT by George J. Jetso
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To: All

The Trump Curse.

Zuck gave $300m to buy the Dems power.

Meta has lost $650 BILLION in value. Down another 20 in pre trading today due to the fine coming for election law violations.

Needs to go the way of MySpace.

Meta hs also repurchased 20% of its stock shares. So it’s actually collapsing faster than this.

Would be nice to see Musi buy it on the cheap and make it a free speech platform.


9 posted on 10/27/2022 4:55:21 AM PDT by TigerClaws
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To: ConservativeInPA

Who coulda seen this crash coming? Maybe this will keep the Zuck out of politics.

I shoulda shorted it. In fact, all the Woke companies.


10 posted on 10/27/2022 4:56:44 AM PDT by DaxtonBrown
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To: ConservativeInPA

I just love a good news story.


11 posted on 10/27/2022 5:05:34 AM PDT by Newbomb Turk
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To: All

Wow.

Down 30 already today.

https://www.cnbc.com/quotes/META/


12 posted on 10/27/2022 5:10:40 AM PDT by TigerClaws
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To: ConservativeInPA
Meta (Facebook) has crashed through $100 multiple times this morning in pre-market trading.

Down 23% since the market closed on Wednesday afternoon.

13 posted on 10/27/2022 5:29:57 AM PDT by zeestephen
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To: ConservativeInPA

Down 30% now.

He He he he...


14 posted on 10/27/2022 5:30:53 AM PDT by moovova
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To: ConservativeInPA

What a fine bit of self-immolation news to start the day :-))

Burn, Fascistbook, Burn !


15 posted on 10/27/2022 5:32:58 AM PDT by tomkat ( SOTU = FUBAR)
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To: moovova

Oops...make that $30.


16 posted on 10/27/2022 5:36:10 AM PDT by moovova
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To: oblomov
Re: "What's the significance of being a top 20 US company?"

Meta (Facebook) was #5 in market cap less than one year ago.

Amazon, Apple, Google, and Microsoft were the only companies in front of it.

Facebook has lost 74% of its stock value in just 13 months!

17 posted on 10/27/2022 5:38:54 AM PDT by zeestephen
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To: ConservativeInPA
Facebook is super uncool among the under 30 crowd. It is seen by them as a lame site that their parents hang out on and post cat pictures. Besides, no self-respecting kids are going to have a social media presence where their parents can see them.

The younger crowd have moved on to apps like Snapchat, TikTok and Instagram, among others.

I don't see how Facebook recovers from that long term. It has seen its peak and for now on, it will continue to shrink into irrelevance until there is nothing but old cranks talking about how great music was in the 1980s.

18 posted on 10/27/2022 5:49:29 AM PDT by SamAdams76 (4,360,232 active user on Truth Social)
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To: moovova

Love it


19 posted on 10/27/2022 5:51:26 AM PDT by ConservativeInPA ( Scratch a leftist and you'll find a fascist )
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To: ConservativeInPA

As it should. FB is nothing more than chatting forum.


20 posted on 10/27/2022 5:58:12 AM PDT by entropy12
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