really they treat they will shutdown facebook the horror.....


one would think a loss of $200 billion (highest record in the history of stocks)
but can we speed the process a little faster? please

what loss? that sounds like a huge win to me

... the horror.
lol

Just as a fact check: Meta/Facebook didn't lose money in 2021. Their full year net income (aka profit after tax) was $29.1bn.

https://investor.fb.com/investor-news/press-release-details/2022/Meta-Reports-Fourth-Quarter-and-Full-Year-2021-Results/default.aspx

Edited in case people thought by Facebook I meant the website, rather than the company now known as Meta.

Pertinently, Facebook is now the most distrusted brand in Australia. (I'm not currently conversant with other markets.) They are also bleeding market share, since all the kool kids are on TikTok now. (Who wants to be on a social platform where you might run into your parents, or grandparents? Not cool ! :)

Unfortunately, TikTok is probably the only company that is worse for user privacy than Facebook, which is quite an achievement. / Not.






edit: managed to misspell cool with the dyspraxic k for cool and instead typed "cook". Still looked weird and certainly would have caused confusion, so I have corrected it.

Tbh, lots of people blame Facebook and Twitter for things that are actually the fault of the people. FB only gives people an outlet, it's the people who are posting the toxic shit and bringing down public discourse that are the problem. Facebook and Twitter have just revealed what most people really are like.

Except that, as we now know thanks to Frances Haugen, the Facebook business model is to exacerbate the differences to create more contention on purpose. (I think Zuckerberg must have taken Jean-Baptiste Emanuel, from the Fifth Element, as a role model.)

Hmm. This is a political topic. So there is not much left to say, except … IN BEFORE LOCK!

Those are two different things though, profit vs stock value.

They did have a 200 billion dollar- actually, 230 (!) billion dollar- single day loss in stock value a week ago- see for example. That's a quarter of the value of the company. It also hasn't rebounded, but has dropped (a bit) further.

If you're a stockholder you care a lot more about a sustained drop in share value. Even if every cent of the profit went to dividend that's only 3% of the stock value and with no rebound it would take 8 years to gte back to where you were 8 days ago.

It's kinda disrespectful considering how big a userbase it has. It should consider more about the consequences to old and loyal account holders. Too much thinking about the business side, customer service/reliability bar should be raised again. It would be ultimately the best also to companies' reputation and resulting profit.

Meta, the place where all your data goes to avoid paying tax.

It's actually sunken to some kind of temper tantrum, at least in public perception imho. "FB is unfair!" "Then we leave Europe!" "And you better hurry out here!"
Bah

PS You should correct "treat" in "threat": I originally understood FB was gonna be nice to someone/something and/or take care of something.. (I know, I know, All Hail Grammar!)

Yeah, Meta shutting down would surely be a treat!

? how is this political

facebook try to drive general opinion it's a fact (not a political nor debatable opinion or statement)

Fair - it wasn't clear from OP that this referred to a fall in the market capitalisation of Meta. That being said, the correction to the share price brings it back to the July 2020 share price. Not ideal to lose two years of capital appreciation, but not unknown in the history of the stock market (people raving about the biggest value change often neglect to consider percentages). I'd also look in the context of the overvaluation of US stocks recently anyway (there has been a lot of gambling with stimulus cheques, which has pushed the market higher - these people tend to buy tech as they understand it better, plus they chase gains - "tech has appreciated, therefore tech is a winner, therefore I buy tech" - which in classic bubble fashion drives tech higher until it collapses/corrects itself)

Either way, it's still an interesting reduction and notable for the value it has knocked off the index. Although given Zuckerberg personally owns 13% of the company (and probably controls much more), his job is pretty secure.

It bugs me how people are calling facebutts meta.