The End Of Facebook?

[Godwinson]

Tech Investors Start To Panic As Facebook’s Stock Price Plunges More Than 20 Percent

Is this the beginning of the fall of Facebook? After announcing disappointing numbers for the second quarter on Wednesday, Facebook’s stock price plunged more than 20 percent in after-hours trading.

If that decline holds on Thursday, it will be the biggest stock price drop in Facebook’s entire history. But the truth is that we will probably see the stock price bounce back a bit, because Wednesday’s crash was almost certainly an overreaction. Unlike many other tech companies, Facebook is still making lots of money, and the number of users globally is still growing.

However, there are definitely some huge red flags. In the U.S. and Canada the number of users is stagnant, and in Europe the number of users is actually declining. Facebook’s user base is aging as many young people abandon the platform for trendier alternatives, and there is a growing backlash among conservatives against the tremendous censorship that we have seen in recent months. People are hungry for an alternative, and if something more appealing comes along Facebook could ultimately suffer the same fate as MySpace very rapidly.

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https://www.prisonplanet.com/tech-in...0-percent.html

[velvet]

Well, MySpace died / was killed by Facebook after they bought it and implemented a retarded FB-replacement for the former comment section. It was unusable very quickly, and it also overloaded the servers, so the comments and profile posts were trashed into the bin entirely, which made MySpace as superfluous as it possibly gets.

Same with MSN chatservice, when it was force-replaced by WindowsLive, no one used it anymore. The app was annoying, connecting didnt work properly will old registrations, and many functions flew out the window. A once great service destroyed through mindless "modernisation".

Maybe one day FB will be bought up by Google, most functions similar to FB are already available within various google services, and they're going to trash FB into the bin.

A privacy nightmare, but the wet dream for "targeted advertising" and the industry behind.

But we must keep in mind that FB probably was a govt funded program, so not sure whether they're ready to let it die. Then again, google is technically much more advanced, are much more inclined to actually innovate things, so from the point of view for the "glass user" google will inevitably become the more attractive route to go.

[Herr Rentz]

If it were true about FB, I say good riddance.

[Godwinson]

It's barely a week since Facebook decided against removing all the Holocaust© deniers.

I wonder if there's any link between this policy and the sudden crash in the company's share prices?

[Aelfgar]

Death to Facebook, Twitter, Instagram and all that crap. It's oxygen for idiots.

[SpearBrave]

But we must keep in mind that FB probably was a govt funded program, so not sure whether they're ready to let it die. Then again, google is technically much more advanced, are much more inclined to actually innovate things, so from the point of view for the "glass user" google will inevitably become the more attractive route to go.

This I would not be surprised at, FB to me is nothing more than an information gathering tool, whether it is used by the government or large corporations is very likely. I can't stand how it is used to judge the "pulse" of the public and I really hope it gets false readings just to throw a monkey wrench into the whole system.

[Godwinson]

Now it looks like Twitter is suffering the same fate

Twitter stock plunges 20% in wake of 1m user decline

[Æmeric]

Facebook was way overvalued. Now it is at about 25x earnings, which I think is still to high. Especially for a tech company that is at the whim of current social fads.

Amazon is trading at 165x earnings. It is overdue for a spectacular crash.