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Facebook plunges more than 24 percent on revenue miss and projected slowdown
CNBC ^ | July 25, 2018

Posted on 07/25/2018 3:01:20 PM PDT by 11th_VA

Facebook missed projections on revenue and global daily active users this quarter after struggling with data leaks and fake news scandals. The company reported its second-quarter earnings after the bell on Wednesday. Shares were down as much as 20 percent. At the current after hours prices and given its market cap at the close Wednesday, Facebook is poised to lose more than $123 billion in market value. Earnings per share: $1.74 vs. $1.72 per a Thomson Reuters consensus estimate Revenue: $13.23 billion vs. $13.36 billion per a Thomson Reuters consensus estimate

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


TOPICS: Business/Economy; Culture/Society; Front Page News; News/Current Events
KEYWORDS: djia; facebook; facebookraus; fascistbook; fbstock; internet; markzuckerberg; socialmedia; zuckerberg
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Darn Russians ...
1 posted on 07/25/2018 3:01:20 PM PDT by 11th_VA
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To: 11th_VA

LOL. I never understood the attraction of Facebook.

Maybe it will be a.passing fad???


2 posted on 07/25/2018 3:04:05 PM PDT by Dilbert San Diego
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To: 11th_VA

OMG ! it’s falling apart ,time for the Advertisers to PULL OUT


3 posted on 07/25/2018 3:04:10 PM PDT by butlerweave
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To: Dilbert San Diego

“Maybe it will be a.passing fad???”

The young people are almost gone and it’s full of middle aged women posting vacation pics and virtue signaling.

.


4 posted on 07/25/2018 3:06:47 PM PDT by Mears
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To: 11th_VA
Buying opportunity.
5 posted on 07/25/2018 3:08:08 PM PDT by hinckley buzzard
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To: Dilbert San Diego

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.


6 posted on 07/25/2018 3:08:15 PM PDT by cuban leaf (The US will not survive the obama presidency. The world may not either.)
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To: Mears

“The young people are almost gone and it’s full of middle aged women posting vacation pics and virtue signaling.”

Lol.

Funny, because there’s alot of truth to it!


7 posted on 07/25/2018 3:08:32 PM PDT by JPJones (More tariffs, less income tax.)
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To: 11th_VA
#WalkAway from Facebook

#WalkAway from Democrats

Hmmm, seems to be a trending topic!

8 posted on 07/25/2018 3:10:47 PM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: 11th_VA
Facebook still has millions of fake accounts.

The data they sell is corrupt, inaccurate, and suspect.

Stockholders and customers should be outraged.

9 posted on 07/25/2018 3:10:49 PM PDT by yesthatjallen
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To: hinckley buzzard

LOL ... you first ...


10 posted on 07/25/2018 3:11:08 PM PDT by bankwalker (Immigration without assimilation is an invasion.)
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To: Mears

There are lots of old ladies who gather on Facebook as well.

That’s what my wife tells me


11 posted on 07/25/2018 3:11:15 PM PDT by bert
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To: 11th_VA

The stuff I see that comes from others just beceause they agreed to have their FB friends see it, has been reduced a lot the past few weeks. My anecdotal experience has seen a drop in postings.


12 posted on 07/25/2018 3:13:15 PM PDT by Wuli
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To: Mears

“The young people are almost gone and it’s full of middle aged women posting vacation pics and virtue signaling.”

Middle-aged Woman: “Look at this picture of me!” [PHOTO somewhere or anywhere doing anything]

Responses from all female friends:

1. “You’re so hot!”
2. “You haven’t aged a bit!”
3. “Such a beauty!”
4. “En fuego!”


13 posted on 07/25/2018 3:13:37 PM PDT by BlueStateRightist (Government is best which governs least.)
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To: 11th_VA

This could be very bad. If investors dump tech ETFs, the other tech stocks like AMZN and GOOGL will fall. This will take down the S&P 500, which is about 20% tech.


14 posted on 07/25/2018 3:13:42 PM PDT by proxy_user
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To: bert

“There are lots of old ladies who gather on Facebook as well.”

I’m an old lady who checks it out about once a week-——I used to check it every day when the grandkids were younger——now it’s just a big bore.

.


15 posted on 07/25/2018 3:13:50 PM PDT by Mears
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To: 11th_VA

My page used to be very busy...if you posted, 30 minutes later it had already posted way down on the screen.

But now, it’s just a few “friends” posting, and usually just birthdays, grandkids, old sayings, and recipes.

Quite boring.

Being a homebody, it’s the way I try to keep up with old friends, and my family...otherwise, it’s lost what “zing” it once had.

When you dial in the censorship, and effort to control posters, it’s not worth more than a look, or two, a day.


16 posted on 07/25/2018 3:14:15 PM PDT by FrankR (IF it wasn't for the "F-word", and it's deritives, the left would have no message at all.)
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To: 11th_VA

Fakebook is a sewer.


17 posted on 07/25/2018 3:14:17 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: Dilbert San Diego

It has always been a fad.
Facebook took the market from MySpace when it attracted students.
Millennials are moving to Snapchat or other options.
FB is going to be dead in 10 years.


18 posted on 07/25/2018 3:17:49 PM PDT by Zathras
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To: Mears

The young people all went to Instagram. Guess who owns it.


19 posted on 07/25/2018 3:21:12 PM PDT by bigdaddy45
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To: 11th_VA

But wait!
Where is Moveon.org, 98%.org and the rest of the rest of progressives going to get free media?

Rot in hell Zuck


20 posted on 07/25/2018 3:22:55 PM PDT by hadaclueonce ( This time I am Deplorable)
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