Facebook Loses Over $110 Billion in Market Value

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venmo @jacob_koerner

I believe he is heading the financial front.

 

Fuck 'em.

 

This is what happens when you only care about revenue and lose site of the mission. FB could easily not be around in the next 10 years.

 

I'll take that bet.

 

I would love for it to die

 

I think the number I saw was roughly 4B connected people in the world and 2.5B Facebook users - if we rule out the under-13 crowd and under-connected, they've basically captured almost every possible person they could.

 

I think it will be around. Myspace is technically still around.

 

They haven't really proactively hit the pet market yet.

 

This is 'Ouch' (barely) for the short-term. It's a true buying opportunity for investors though. The runway for FB is still incredibly long. I will wait for dust to settle before taking a position (likely half)

 

I don't know anything about economics. Do the shares plunge because people sold a crap load of them due to the shitty Q2 report?

 

Basically, yeah. The Q2 report showed very slow growth and revenue projections for the next year are down.

 

All the bankers sell their shares making money on their gains causing other investors and average peeps to sell. Then these crooks buy the stock when it bottoms out...rinse and repeat

 

I work in finance with fairly big public companies as clients, but I still can't fathom how large $100 billion is, let alone $630 billion.

 

Good.

 

Deleted my facebook account 2+ years ago and don't miss it except I'm out of the loop on like engagement announcements and people's birthdays.

 

I hope it leads to something closer to MySpace coming back... more customization and personality for each individual user.

 

I'd put money on that right now. It's pretty telling talking to people and the topic of social media comes up, how many of them say they A) Deleted their facebook because of lack of interest or the other commonality; its spiraled out of control. Or B) Someone who never had a facebook, which I think is another extremely telling, also generational sign.

 

Follow up by asking how many have Instagram or WhatsApp ...

 

Can you imagine creating something where after you lose over 100 billion dollars you still have over 500 billion left?

That being said I’ve been off Facebook for a year and don’t miss it in any way.

 

Something to consider...Facebook is UP since Zuckerberg was on Capitol Hill...context is everything...

Twitter dropped 20% Friday, but is up 100% YoY...

Yes, precipitous drops are extremely negative and painful for investors, but we need long term context.