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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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To: hinckley buzzard

FReeper’s buying stock in the global cabal’s personal profile mining operation? I don’t think so.


41 posted on 07/25/2018 4:09:11 PM PDT by CivilWarBrewing (Get off my back for my usage of CAPS, especially you snowflake males! MAN UP!)
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To: Dilbert San Diego

The fad has passed. It’s become the place where grannies share recipes and geezers share fart jokes.

All the cool kids have gone elsewhere, cause they don’t want granny seeing their beer pong selfies.


42 posted on 07/25/2018 4:13:59 PM PDT by Kommodor (Terrorist, Journalist or Democrat? I can't tell the difference.)
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To: hinckley buzzard

I agree. Facebook, google etc. have been going up and down for years. So far they have always gone back up. Not bitcoins.


43 posted on 07/25/2018 4:19:50 PM PDT by BBell (shoot shot shoot shot shoot shot gimme a tissue!!!)
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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.

And cat pics...lots and lots of cat pics...

44 posted on 07/25/2018 4:25:02 PM PDT by apillar
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To: 11th_VA
Facebook’s business model is dying, it was designed as a central meeting place for friends and family. But now with everybody owning a smartphone you can do the same things, post pictures and communicate with messenger and other apps with much more privacy, if you don't want you boss to see your vacation photos, you just leave them off of that particular group. Besides most people don't want to be tied down in front of a computer, while you can use Facebook on your phone it's cumbersome.
45 posted on 07/25/2018 4:31:22 PM PDT by apillar
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To: 11th_VA

Too too tulip market goodbye


46 posted on 07/25/2018 4:31:57 PM PDT by a fool in paradise (Spygate's clock began in 2015 - what did President Obama know and when did he know it)
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To: 11th_VA

The kids hate Facebook, because it is used by gross old people, like their parents

The Millenials hate Facebook, because they need to keep up with the latest thing, and that ain’t Facebook

The Working Generation hates facebook because it censors their content, manipulates their newsfeeds, and wastes their time with nonsense

Grandma loves Facebook. Unfortunately, she forgot how to turn on the computer


47 posted on 07/25/2018 4:33:19 PM PDT by Haiku Guy (ELIMINATE PERVERSE INCENTIVES)
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To: butlerweave

From “Facebook” to “Face Palm” and empty wallets. Good!


48 posted on 07/25/2018 4:33:44 PM PDT by MadMax, the Grinning Reaper
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To: Zathras
Myspace lost its market when it added more ads, added 13 -17 year old millennials, and sold out to Fox-NewsCorp.
49 posted on 07/25/2018 4:35:02 PM PDT by a fool in paradise (Spygate's clock began in 2015 - what did President Obama know and when did he know it)
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To: 11th_VA

I gotta say, though, when I was going through a job search, I found Facebook very useful.

I created a profile that was the profile of an ideal candidate for the job for which I was applying. When my eventual employer checked my “Social Media”, they found just what I wanted them to find.

You can’t buy that kind of endorsement. Worked like a charm.


50 posted on 07/25/2018 4:37:35 PM PDT by Haiku Guy (ELIMINATE PERVERSE INCENTIVES)
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To: a fool in paradise

By the time News Corp bought My Space it was already in decline as Facebook was the new fad on the block and people were going there. News Corp overpaid and then had to write the whole thing off after a couple of short years.


51 posted on 07/25/2018 4:38:09 PM PDT by Captain Peter Blood
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To: VanDeKoik

Myspace when agitprop before fakebook did.

Back in 2005-2006 they sold a full screen that displayed everytime after login. It was from MoveOn.ClintonSoros and called out Booosh over the Katrina flooding in NOLA.

Newscorp didn’t buy Myspace until they went public and soon dumped it but the cool kids all ran away to facebook.

Newscorp execs endorsed Kerry over Bush in 2004.


52 posted on 07/25/2018 4:39:24 PM PDT by a fool in paradise (Spygate's clock began in 2015 - what did President Obama know and when did he know it)
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To: Sequoyah101

I have a lot of email accounts. But it’s different. Think of it as OneNote versus word.


53 posted on 07/25/2018 4:39:29 PM PDT by cuban leaf (The US will not survive the obama presidency. The world may not either.)
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To: Sequoyah101

I have a lot of email accounts. But it’s different. Think of it as OneNote versus word.


54 posted on 07/25/2018 4:39:50 PM PDT by cuban leaf (The US will not survive the obama presidency. The world may not either.)
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To: Grampa Dave

Fakebook turned off ‘trending news’ last month.


55 posted on 07/25/2018 4:40:50 PM PDT by a fool in paradise (Spygate's clock began in 2015 - what did President Obama know and when did he know it)
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To: cuban leaf

“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.”

Email, text, voice call, Skype, and good old fashioned letter writing.


56 posted on 07/25/2018 4:41:34 PM PDT by Labyrinthos
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To: Haiku Guy
Grandma loves Facebook. Unfortunately, she forgot how to turn on the computer

Let's not be too hard on old Hillary.

57 posted on 07/25/2018 4:46:52 PM PDT by matt1234 (Jan. 20, 2017: the national nightmare ended.)
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To: 11th_VA

They keep convincing people to stay away from Facebook. They succeeded with me about a decade ago. Maybe it was Russian bots disguised as friends that I like very much but don’t want to chat with ‘til 3 am?


58 posted on 07/25/2018 5:02:39 PM PDT by Eleutheria5 (“If you are not prepared to use force to defend civilization, then be prepared to accept barbarism.)
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To: Mears

Facebook does have a strong play on the youth market with Instagram, which is currently hugely popular.


59 posted on 07/25/2018 5:13:51 PM PDT by catbertz
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To: Dilbert San Diego

It is a good way to keep track of family and old friends and I have. Course it does offer the opportunity for a good fight which is also fun’

I figured this was coming since I am using it less and less and am sure that is a general reaction.


60 posted on 07/25/2018 5:18:33 PM PDT by arrogantsob (See "Chaos and Mayhem" at Amazon.com)
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