Mark Zuckerberg loses $16B in one day as Facebook stock plunges 20 percent

Mark Zuckerberg loses $16B in one day as Facebook stock plunges 20 percent

The cat just lost $16 BILLION IN ONE DAY!!!!!!!!!!!!
I was wondering when investors would revolt. This company is in no way economically viable. Fake accounts, fake news. It's a CIA fronted joke of a "business".

Yes he did.

Still has $70 billion left.

I hope the shareholders do manage to FIRE him.

originally posted by: lakenheath24

Mark Zuckerberg loses $16B in one day as Facebook stock plunges 20 percent

The cat just lost $16 BILLION IN ONE DAY!!!!!!!!!!!!
I was wondering when investors would revolt. This company is in no way economically viable. Fake accounts, fake news. It's a CIA fronted joke of a "business".

I cant think of a single CEO of any company that lost that much that stayed on with the company.

That's 1/5th of his worth....that is insane!

I'd bet it will continue hemorrhaging too.

He probably has more money in his couch cushions than most of us make in a year.
He'll manage.

But why would Facebook not be economically viable? Their cost should be fairly low considering they are just a building full of servers and some IT guys. Sounds manageable.

originally posted by: neo96
Yes he did.

Still has $70 billion left.

I hope the shareholders do manage to FIRE him.

Hope Twitter is next on the chopping block! James Woods is hitting ole Jack hard today. lmao

a reply to: neo96

The thing with that....is he really "worth" that much? He couldn't retire and cash in the whole lot...it doesn't work that way once you are public.


Anyway, I have questioned this company before. How in the Heck do you make money when your stats are patently false? It's like Ford lying about how many Mustangs they sold.

This explains it a bit better...
nymag.com...

a reply to: Bluntone22

But why would Facebook not be economically viable?

Between privacy violations and the 'China' censorship.

There's been a mass migration.

a reply to: Vasa Croe

Everyone is calling for Elon Musk's head, but this is far worse.

Facebook doesn’t make anything.

Better software will emerge.

Facebook will go the way of MySpace.

a reply to: lakenheath24

.is he really "worth" that much?

Yep he is.

How in the Heck do you make money when your stats are patently false?

Think American politics.

originally posted by: seeker1963

originally posted by: neo96
Yes he did.

Still has $70 billion left.

I hope the shareholders do manage to FIRE him.

Hope Twitter is next on the chopping block! James Woods is hitting ole Jack hard today. lmao

I think Twitter has been on the verge of bankruptcy for several years.

Facebook isn't Facebook any more it's just full of crap and he really ripped off a lot me included , I paid for advertising to get Followers that would see my post , Now Facebook controls how many and which Followers see a post , And tell you pay this much to boost your post so more followers see your post . Total crap I will not spend another dime on anything Facebook .

a reply to: neo96

On paper sure, but you go cash in $70 bill in stocks. Aint gonna happen...its FUGAZI. Politics my butt, more like a CIA front to data mine.

can someone explain WHY farce books " worth " has fallen 20% in one day ?

a reply to: ignorant_ape

Read the OP link you ignorant ape. LOL (That was a joke. Have to spell that out nowadays)

a reply to: ignorant_ape

The stock dropped 20% in value.

Investors are nervous because he has no idea how to run a business and its showing.

a reply to: lakenheath24

HAHA good! This brings joy to my life. Faceboob needs to go. Have people forgot about a thing called email? Mark sorry but your reign has ended.

Read

(Reuters) - Facebook Inc’s shares lost as much as a quarter of their value on Wednesday after executives said that profit margins would plummet for several years due to the costs of improving privacy safeguards and slowing usage in the biggest advertising markets.

www.reuters.com...

Facebook executives promoting their video-on-demand service got into a combative exchange with reporters while at the Television Critics Association’s press tour in Beverly Hills on Wednesday. The issue: the presence of right-wing conspiracy site Infowars and Fox News on the social network’s platform.

ew.com...

Facebook Inc. appears to finally be paying for the impact of fake news in the 2016 elections and user privacy concerns, with the stunning disclosure of a revenue deceleration in the second half of this year sending shares on a mind-blowing plunge Wednesday afternoon.

Facebook ?

Puts even bankers to shame.

a reply to: ignorant_ape

Farcebook was predicated on growth. IE new peeps signing up. That growth has slowed significantly. The market ignored all the fake accounts for many years as well. I asked months ago how that could not be fraud...



www.bloomberg.com...