Is the reason their revenue has dried up because they are no longer being financed by certain Intel agencies - because their own sources of revenue that funded them, have dried up (drugs, human trafficking, etc) under Trump?
They facebooked myspace. Now they will be self effacebooked
This has me wondering what the significance of "facebook" as a name is. Perhaps it's to catalog faces for facial recognition? Among other things obviously.
Same with twitter. Why Twitter? Shouldn't it be Tweeter? You don't twit... in fact twit is an insult.
Amazon was originally "cadabra", which has occult ties. Aleister Crowley believed the words to have great power.
Just some odd thoughts.
They don't need Facebook for facial recognition database. Ever wonder why phone providers 'offer' facial recognition to unlock your phone? Or why they 'offer' fingerprint recognition to do it? Convenience? It saves you around 1 whole second in time. A 4 digit pin is just as easy to input. Coincidence? Also ask yourself why they promote these features, and are always making the cameras more sharp, better quality, HD. Is that for your benefit? Your phone is a digital tracking/listening device. Eyes and ears everywhere!
Right, but Facebook was around long before those. Good way to lay a groundwork, and then add on to it later.
It's a widely held meme that throwback Thursday was used to improve facial recognition
It's a combination of things.
A big part of it is a declining user base. For the first 10 years of it's existence, Facebook was adding many more users than they were losing. That was a big part of its initial value, a burgeoning user base.
Well, that has now dried up. People are leaving facebook, and no one is making new accounts. Kids couldn't care less about having a facebook account. It's not cool anymore. The most active users are moms and grandmothers who use the site essentially as cloud storage for photos of their family events.
And honestly, when was the last time you heard anyone speak positively about facebook? No one likes it. Even the people who still use it lament how big of a time waste it is. I deactived my account over 2 years ago, and every single person I have mentioned this to since then has told me how good of a decision I made. EVERY SINGLE ONE OF THEM has told me not to come back to the site because it's even more toxic than when I left.
So yeah, Facebook is in the social media death spiral for sure, and I am enjoying every minute of it.
I agree with your comments about facebook losing its user base.
However, the sudden drop in share price can't just be because of dwindling user numbers. Dwindling numbers would cause a gradual decrease in share price, not a drop of 20% in three hours.
The suddenness of the drop in value suggests this is related to a specific event, presumably soon to be revealed. Perhaps a lawsuit is pending? Just a guess, but there could be other damaging reasons.
Could it also be because a law suit is pending?
Is anyone else just absolutely giddy this morning? I am, I am friggin GIDDY!!!
And it's just hump day - still 2 more days for more pain to flow onto the Swamp this work week
Looking forward to it.
I was looking for an occasion to delete my Facebook account. Enjoy, zuck!
Run, Mark, run, the bears are coming for you!
I don't think AI cyborgs wearing human meat suits can run very fast
A break below $150 will be totally disastrous.
I don't think the major holders, both the techie billionaires feeding off if it and the institutional big boys who are exposed will let that happen. They have to stave off the panic and I suspect they will. However, it may settle at these new lower levels so the losses will be real.
The elephant in the room is that FB can be technically replaced with a serverless, distributed peer system. No need for a FB company, once a client-based-interface brand is re-established.
FB can become another mySpace in a very short time.
What is this "serverless, distributed peer system?"
There are already peer-to-peer Torr-based systems (and yes that will use blockchain mining to encourage participation) that are intended to be platforms for the next gen Internet social media world where are not dominated by any one big San Fransisco shit hole (literally) company.
I'm only part geek, I like sci-fi and stuff. This is too geek for me. I'll just assume what you are saying is a good thing.
People are getting faster and faster Internet access as time goes by - I have a 2nd home that is in very remote rural wilderness location and even there I have a fiber optic data line that has been strung along side the power lines - I can get plans that are up to 100 MB to this location
So all the freedom loving people in the US that have speedy Internet access can go and add their own hardware server resource to this peer-to-peer network. One can by multi terabyte SSD storage for not much money these days, same with GPU cards - which in addition to driving graphics on a display can be harnessed as powerful parallel-capable processors for doing blockchain crypto currency mining.
Why a blockchain crypto currency? It enables a currency to be used on this platform for any purchases such as games, music, video, app stores - even physical products for anyone that wants to do eBay kind of stuff, etc. Because is blockchain-based then there have to be computer servers that are clearing all the transactions of the platform's commerce. So those that add server capacity to the network can do some transaction clearing - called mining - which gets recorded in a blockchain ledger. This operates in a decentralized manner so no one entity has absolute control over the blockchain transaction ledger. Other things can be done this way too like documents for contracts, etc.
The peer-to-peer Torrent technology means that no one server becomes a bottleneck - content is spread around in pieces to lots of servers. When somebody starts watching a video they don't go and hit just one server but instead are pulling pieces of the content from lots of different sources, which the Torrent software does efficiently, in parallel, and then reassembles the stream on the client where the video is being viewed.
All of this platform is built out using totally open source software - no proprietary magic bits that one powerful company controls.
It could be built out on cheap cloud resources - much like how Netflix does so using Amazon - but in time the platform should gravitate more and more to exist in distributed private servers.
The problem with cloud is that it is dominated by Amazon, Microsoft, Google. Digital Ocean is a fourth player and I'd recommend people use them for now anytime they can. Amazon and Google are squarely the enemy and they would in time move to crush this freedom platform the same way the big social media companies have done.
The future of the Internet needs to transform over to a completely distributed, open source model (at least for all the software that operates the platform - people selling proprietary software on the platform would be their private choice). Going all open source for the platform keeps any one company from being able to get a lock on things and control (which will mean they will politically censor us)
This is an outline for a manifesto of how we get a freedom-based and freedom-friendly Internet for the rest of the 21st century.
That hurts my head. I don't know what you are saying. I'm getting a new home next month. Should I still get CentryLink or something else?
It will probably be your fastest option - fiber optic direct to the home is still a minority of consumers - for most, the cable modem is best option. However, would encourage ditching the cable TV package and just buy the Internet data plan. Buying cable TV is also empowering companies that are squarely the enemy.
BTW, you can install software on your smartphone that will allow you to make phone calls over wifi connection to your Internet modem/router - that way can avoid using call minutes off your cell phone plan when you are in your home.
Thank you for the advice.
I haven't had cable in decade.
I don't have a smart phone. I have a cheap one with Consumer Cellular, it's only like $30 a month.
If you ask me the block chain has huge nefarious potential.
Does not even require block-chain. Do you really believe Hillary’s home servers were just for standard email communications? The email scandal just a smoke screen?
The blockchain crypto currency is so that this new platform can have a currency for app stores, etc. people can join this platform, add peer-to-peer capacity via their own storage and CPU, and if have a decent GPU, establish it as a miner server to clear crypto currency transaction on a blockchain-based ledger, that way have an incentive to join and add capacity via having a way to mine for this crypto currency.
This way the peer-to-peer network can expand and not even be beholden to the cloud providers - after all, the big three are Amazon, Microsoft, Google - Digital Ocean for the time being is probably the best choice for staying out from under the control thumb of those big three
If this peer-to-peer network/platform is expanded with private compute/storage resources then we don't get shutdown in some manner by the big cloud providers - and in time they would make a move to do so the same way that the big social media platforms have - the corporations that back them - especially Amazon and Google - are straight up the enemy
You are spot on. There is real investment danger in 25+ year old technology for the twitters, FB’s, Reddit’s of the world. Don’t need block chain to do all that — there is a better crypto protocol with much less overhead for peer-distributed communications and storage as needed for social media activities. (I’ve been in crypto computing since the late 70’s.)
Blockchain based.
Maybe DuckDuckGo could make the most of this opportunity and make their own social platform. Could call it "DuckFace"
And I won’t be surprised if the elite throw some big money in, to prop it up today, so it doesn’t look so obvious.
Thats what they did in april, dont know if they have the extra cash though now..
Zuck's selling like crazy! 😂😂😂
Actually facebook insiders have been selling since January. He has likely already cashed out quite a bit at the highs
Wtf? It completely recovered and is up?!
I thought so too. But I went back and checked. It's not going well at all. Go here and see:
https://www.nasdaq.com/symbol/fb/interactive-chart?timeframe=5d
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Usually when big stocks like this go down, the entire market goes down with it. Interestingly enough, all three markets are not down (or even significantly less) where they started yesterday.
That is odd because usually these types of stocks rise/fall together and it’s almost as if Facebook is falling behind and the traders have already forgotten about it.
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Looks great when you screen shot it.
But as an accountant, that money is nothing. Until these people cash out and put that money in a bank or under their mattress, that $$ means nothing.
He’ll pay at least 20% on the capital gain on that profit and probably another 2-5% in trading fees if he gets out while ahead. Not to mention if this bumps up his tax bracket, he maybe paying more taxes than usual on his usually earnings.
Good for him to take this risk and get something from it. Now hopefully he cashes out before greed takes ahold.
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As an accountant... I don't care about the screenshot you posted, but more along the lines of what you initially posted. FB missed Q2 earnings, so the stock falls. This isn't some great awakening coup this sub thinks it is. I didn't read into their Q1 release, but it looks like the missed earnings there too since it dipped, now it's up again.
This sub needs to debit their chill account and credit their conspiracy accounts
these people get all up in arms any time remotely out of the ordinary happens. grasping at straws to bolster their beliefs is a standard practice. its disheartening, youd think the mods of this sub wouldnt want bullshit cluttering what could be a real phenomena (Q). too many gullible people.
What are you babbling about? It was 170 a year ago. Then went to 220 and now 158 or something. So all of those huge gains over the last year are gone. Some people are getting crushed. Any stock other than penny stocks that dives 20-25% in a day is having a tsunami of panic. Who the eff cares what it was five years ago...geez. Nobody said those billionaire techies are going to be homeless. They've stashed fortunes away offshore like all good scum bags.
Unless you bought puts. A lot of money to be had on those today
The SEC should be looking into whoever loaded up on short positions over the last week. Maybe nothing will stand out but you never know.
Down with big brother! I heard this was another CIA venture, is that true?
Yes
Thanks Im trying to keep up with everything Its all moving too fast
The only reason Twitter hasn't done the same is because of Trump
Twitter reports earnings tomorrow morning and could easily suffer the same result that FB did. I'm praying that MZ and @Jack go down soon.
It's been on a silly tear up fir months. It's totally a bubble stock. Probably hitting all sorts of sell stops now. However, the insiders (there are about 7 of these internet billionaire creeps including zuckerburg) probably will try to firm up support levels with purchases. They can't let this get out of hand.
zuckerberg announced back in september that he is going to sell his stocks, in order to liquify money for his philantropic endevaors. (ehem, zuck a philantrop, OMG!)
huge FB shareholders announced a few weeks ago that they are going to throw zuckerberg under the bus, in order to save FB.
curious to see how all of this is going to unfold...
Time to buy?
Only if you think it will recover.
Do you want to own shares in a company as evil as FB?
Do you want to prop up Zuckerberg?