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Facebook plunges at open, wiping out more than $50 billion in market value

 
Face Palmer
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01/30/2020 11:53 AM
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Facebook plunges at open, wiping out more than $50 billion in market value
Facebook stock fell as much as 8% as the market opened Thursday after it reported fourth-quarter earnings Wednesday evening.
The drop erased more than $50 billion from the social media giant’s market cap.
The decline comes after Facebook reported a 51% rise in expenses compared with its total in 2018.

[link to www.cnbc.com (secure)]

Probably due to a receding userbase in China? Who knows
"The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title."

Never attribute to malice that which is adequately explained by stupidity.

The woman who is not pursued sets up the doctrine that pursuit is offensive to her sex, and wants to make it a felony. No genuinely attractive woman has any such desire. - H.L. Mencken, In Defense Of Women
Anonymous Coward
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01/30/2020 12:07 PM
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Re: Facebook plunges at open, wiping out more than $50 billion in market value
fuckyeah5
Anonymous Coward
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01/30/2020 12:10 PM
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Re: Facebook plunges at open, wiping out more than $50 billion in market value
spock
Vespertopia
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01/30/2020 12:12 PM
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Re: Facebook plunges at open, wiping out more than $50 billion in market value
What’s a Facebook?
Lol!
JJ Johns
J to the 3rd

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01/30/2020 12:14 PM

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Re: Facebook plunges at open, wiping out more than $50 billion in market value
i would celebrate if that evil cesspool of a company went under. it would be a national holiday.

cheers
.
.
No clotshot, NEVER!
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Mad as hell!

.
Jake

User ID: 77849624
United States
01/30/2020 12:17 PM
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Re: Facebook plunges at open, wiping out more than $50 billion in market value
how does facebook even make money??

Outside of selling your personal info I just don't see how they monetize their business
Evil controls the ignorant... Climate change is a hoax so is the vax you have been fear-porned into compliance!

Definition Satan from the bible: Satan (Rev 12:7) exercising his subtle (indirect) impact on heathen governments (powers) – i.e. accomplishing his hellish agenda from "behind the scenes."
Anonymous Coward
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01/30/2020 12:20 PM
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Re: Facebook plunges at open, wiping out more than $50 billion in market value
Their next version is almost ready. Telepathy. It's basically Facebook digital assistant.
Anonymous Coward
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Canada
01/30/2020 12:22 PM
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Re: Facebook plunges at open, wiping out more than $50 billion in market value
how does facebook even make money??

Outside of selling your personal info I just don't see how they monetize their business
 Quoting: Jake


I've been wondering the same thing myself, twitter is pretty suspicious too
Anonymous Coward
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01/30/2020 12:29 PM
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Re: Facebook plunges at open, wiping out more than $50 billion in market value
Lolz
Bluebird1
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United States
01/30/2020 12:36 PM
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Re: Facebook plunges at open, wiping out more than $50 billion in market value
how does facebook even make money??

Outside of selling your personal info I just don't see how they monetize their business
 Quoting: Jake


I am thinking the corrupt alphabet agencies through various channels of corruption may have been cut.
Anonymous Coward
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Russia
01/30/2020 12:37 PM
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Re: Facebook plunges at open, wiping out more than $50 billion in market value
Let me guess,his ai chatbots unionized?
Anonymous Coward
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United States
01/30/2020 12:39 PM
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Re: Facebook plunges at open, wiping out more than $50 billion in market value
Because everyon hates FuckBook and it's dark Lord Fuckerburg.

They are traitors to the West and democracy.
Anonymous Coward
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United States
01/30/2020 12:40 PM
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Re: Facebook plunges at open, wiping out more than $50 billion in market value
Facebook's time is over. Kids now don't even use it. Give it another few years, it will be like myspace.
UH
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United States
01/30/2020 01:52 PM
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Re: Facebook plunges at open, wiping out more than $50 billion in market value
MOAR!
Anonymous Coward
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Canada
01/31/2020 05:37 AM
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Re: Facebook plunges at open, wiping out more than $50 billion in market value
FARTSBOOK
Anonymous Coward
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Australia
01/31/2020 05:40 AM
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Re: Facebook plunges at open, wiping out more than $50 billion in market value
fuckyeah5fuckyeah5fuckyeah5
fuckyeah5fuckyeah5fuckyeah5
fuckyeah5fuckyeah5fuckyeah5
fuckyeah5fuckyeah5fuckyeah5
Anonymous Coward
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United Kingdom
01/31/2020 05:43 AM
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Re: Facebook plunges at open, wiping out more than $50 billion in market value
Their next version is almost ready. Telepathy. It's basically Facebook digital assistant.
 Quoting: Anonymous Coward 78370239


oculus quest this thing is go digital avatars.
keybored

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Belgium
01/31/2020 05:44 AM

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Re: Facebook plunges at open, wiping out more than $50 billion in market value
violin
Leroux

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01/31/2020 05:46 AM
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Re: Facebook plunges at open, wiping out more than $50 billion in market value
I wished Amazon would do the same..That Bezo asshole is one of the greediest scum on the earth...

I really cant stand that man...Its not his company its his GREED

Im looking for a bicycles for my sons...toy r us ...had always a great value on bikes,but now they are done gone..

so i go to walmart,said sold out,the bike that im looking for is 150 bucks at walmart...so i hop on over to Amazon its 236 bucks for the same damn bike..I need 2 of them..FUCK BEZO'S ..

So made me think,Maybe Amazon bought out all walmarts bikes to Up the price and make a buck...??

No other place to buy it...

Amazon needs to be broken up..PLEASE TRUMP BREAK UP AMAZON...

SHOP COSTCO,FOR EVERYTHING...IF SMART...
THESE RULES ARE STARTING TO ANNOY ME!
Acts 24:15
15 And have hope toward God, which they themselves also allow, that there shall be a resurrection of the dead, both of the just and unjust.

1 John 2:22
Who is the liar? It is whoever denies that Jesus is the Christ. Such a person is the antichrist
Anonymous Coward
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Australia
01/31/2020 05:50 AM
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Re: Facebook plunges at open, wiping out more than $50 billion in market value
I wished Amazon would do the same..That Bezo asshole is one of the greediest scum on the earth...

I really cant stand that man...Its not his company its his GREED

Im looking for a bicycles for my sons...toy r us ...had always a great value on bikes,but now they are done gone..

so i go to walmart,said sold out,the bike that im looking for is 150 bucks at walmart...so i hop on over to Amazon its 236 bucks for the same damn bike..I need 2 of them..FUCK BEZO'S ..

So made me think,Maybe Amazon bought out all walmarts bikes to Up the price and make a buck...??

No other place to buy it...

Amazon needs to be broken up..PLEASE TRUMP BREAK UP AMAZON...

SHOP COSTCO,FOR EVERYTHING...IF SMART...
 Quoting: Leroux


He just made $13b in 15 minutes chuckle


[link to www.news.com.au (secure)]
BRIEF

User ID: 39607259
United States
01/31/2020 05:52 AM

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Re: Facebook plunges at open, wiping out more than $50 billion in market value
Technology stocks are so volatile...they are the reason I pay capital gains without realizing any funds. Fund managers do a lot of selling to lock in profits within these tech mutual funds as they fluctuate...

Last Edited by BRIEF on 01/31/2020 05:53 AM
I never forgive and I never forget

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Briefcut4892
King Retard
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Austria
01/31/2020 06:44 AM
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Re: Facebook plunges at open, wiping out more than $50 billion in market value
Facebook stock fell as much as 8% as the market opened Thursday after it reported fourth-quarter earnings Wednesday evening.
The drop erased more than $50 billion from the social media giant’s market cap.
The decline comes after Facebook reported a 51% rise in expenses compared with its total in 2018.

[link to www.cnbc.com (secure)]

Probably due to a receding userbase in China? Who knows
 Quoting: Face Palmer


Yo Palmer... wasnt FB banned in China?
Anonymous Coward
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United States
01/31/2020 06:47 AM
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Re: Facebook plunges at open, wiping out more than $50 billion in market value
Because everyon hates FuckBook and it's dark Lord Fuckerburg.

They are traitors to the West and democracy.
 Quoting: Anonymous Coward 75867562


clappa
ScrumpTheTexanModerator
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01/31/2020 06:47 AM

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Re: Facebook plunges at open, wiping out more than $50 billion in market value
Fkbook
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Christian does not equal doormat or pushover

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Anonymous Coward
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Australia
01/31/2020 06:48 AM
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Re: Facebook plunges at open, wiping out more than $50 billion in market value
Just crash and burn
Miss Bunny Swan

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Hong Kong
01/31/2020 06:49 AM
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Re: Facebook plunges at open, wiping out more than $50 billion in market value
I wonder what their expenses are?
Anonymous Coward
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Spain
01/31/2020 06:51 AM
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Re: Facebook plunges at open, wiping out more than $50 billion in market value
be losing me soon .. facebook is a data mine and all kinds of cunts use it
Anonymous Coward
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United States
01/31/2020 06:55 AM
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Re: Facebook plunges at open, wiping out more than $50 billion in market value
Great news!!!

Zuck the schmuck!!!


5a
Anonymous Coward
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01/31/2020 06:55 AM
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Re: Facebook plunges at open, wiping out more than $50 billion in market value
Losing 1/2 your global user base due to pandemic can't look good on the corporate hockey stick charts.

Watch for more "corrections" (economic meltdown)
DeploraBull

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United States
01/31/2020 07:15 AM
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Re: Facebook plunges at open, wiping out more than $50 billion in market value
how does facebook even make money??

Outside of selling your personal info I just don't see how they monetize their business
 Quoting: Jake


I've been wondering the same thing myself, twitter is pretty suspicious too
 Quoting: Anonymous Coward 72081011


Ads are one way.
Johnny Ringworm
User ID: 76087551
Australia
01/31/2020 07:23 AM
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Re: Facebook plunges at open, wiping out more than $50 billion in market value
As soon as the lamestream got on board with it and employers started profiling employees on it, it was all over for facebook. That, and their ongoing censorship and banning regime make it a place not worth bothering with. Also, it's full of the most braindead normies. They don't know anything.





GLP