Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Facebook has lost $100B in 10 days and now advertisers are pulling out

business.financialpost.com

Post reply on HN
Print view View original

91–100 of 282 posts

Re: Facebook has lost $100B in 10 days and now advertisers are pulling out

#91

Post by deltaprotocol »

ardit33 wrote: post #51
l33tbro wrote: post #32

Facebook isn't going anywhere for a long time. They'll retain the privacy-clueless fossils with FB. They'll keep the aspirational set with IG. Anything even remotely competitive or alternative they'll just throw cash at and snap up.

Unless it becomes so uncool that you are lame if you still actively use it... eg. like having a myspace, or a .hotmail, or a @aol email account Social networks have to be both useful and trendy in order to fully succeed.... messenger and whatsup are both very useful, FB itself is less, and it needs to be somewhat trendy in order to survive Personally I find fb very useful to keep up with family and friends, but that…

Sorry to say it but its been a few years since I started to consider FB "useds" lame (just to use your word, but I would describe them with harsher terms). It seems my side of the fence is growing in numbers pretty fast lately.

Re: Facebook has lost $100B in 10 days and now advertisers are pulling out

#92

Post by patentatt »

gonehome wrote: post #35
nugi wrote: post #13

This is the beginning of the Big Churn. Less top talent will want to be associated with facebook. Already even a few more privacy clueless friends family members are deleting their accounts. Adverts were always so low yeild, and fb pages 'because we need one'. Now that is all changing due to perception. The FTC, stocks falling, are further indicatuons of falling trust. And all business is built on trust.

Oh please - the overreaction from this is ridiculous. I'm buying FB call options. Facebook's network effect is extremely strong - this is also not even including their other assets (Instagram, Whatsapp, Oculus). The API access was in violation of terms of service and the ability to access data through friends via the FB graph has already been closed.

Agreed that stock_price:weather::company_value:climate

But a double-digit drop in a week's span is a pretty strong message

Re: Facebook has lost $100B in 10 days and now advertisers are pulling out

#93

Post by gonehome »

chrischen wrote: post #68
gonehome wrote: post #35

Earlier quoted context omitted.

Oh please - the overreaction from this is ridiculous. I'm buying FB call options. Facebook's network effect is extremely strong - this is also not even including their other assets (Instagram, Whatsapp, Oculus). The API access was in violation of terms of service and the ability to access data through friends via the FB graph has already been closed.

Yes, Facebook's current network is fairly strong, but you shouldn't look to where the masses currently are, you should look to where the trendsetters, the young, and the people in the know—where they are. These people are ahead of the curve, and the signs they are emitting is that Facebook is not serving their interests and needs. Young people don't want to use facebook because it forces you to interact with everyone…

All young people are on FB, they may additionally be on something else (probably Instagram which is also FB and starving out Snap) - the default remains Facebook.

I'd bet against you. The trajectory is fine and Zuckerberg is a good CEO. They have nearly a third of the earth as users and a ridiculously high percentage of internet users.

Given a long enough time horizon any company is vulnerable, but FB is here to stay for a long while.

Re: Facebook has lost $100B in 10 days and now advertisers are pulling out

#94

Post by [deleted] »

gonehome wrote: post #35
nugi wrote: post #13

This is the beginning of the Big Churn. Less top talent will want to be associated with facebook. Already even a few more privacy clueless friends family members are deleting their accounts. Adverts were always so low yeild, and fb pages 'because we need one'. Now that is all changing due to perception. The FTC, stocks falling, are further indicatuons of falling trust. And all business is built on trust.

Oh please - the overreaction from this is ridiculous. I'm buying FB call options. Facebook's network effect is extremely strong - this is also not even including their other assets (Instagram, Whatsapp, Oculus). The API access was in violation of terms of service and the ability to access data through friends via the FB graph has already been closed.

[deleted]

Re: Facebook has lost $100B in 10 days and now advertisers are pulling out

#95

Post by drewmol »

mieseratte wrote: post #78
otalp wrote: post #9

Earlier quoted context omitted.

It's not like Google is a privacy haven for people who care about that sort of thing.

> It's not like Google is a privacy haven for people who care about that sort of thing. Google, Facebook, and Amazon are all on my shit-list. Any company that harnesses hapless users as a product can rot in hell.

I'm a bit worried they will soon enough go the route of AT&T, Comcast, the Telco mafia, Airlines, etc. and embrace their suck, then just lobby for survival.

https://www.fastcompany.com/40520529/big-tech-lobbying-spree...

Re: Facebook has lost $100B in 10 days and now advertisers are pulling out

#96

Post by Retric »

gonehome wrote: post #93
chrischen wrote: post #68

Earlier quoted context omitted.

Yes, Facebook's current network is fairly strong, but you shouldn't look to where the masses currently are, you should look to where the trendsetters, the young, and the people in the know—where they are. These people are ahead of the curve, and the signs they are emitting is that Facebook is not serving their interests and needs. Young people don't want to use facebook because it forces you to interact with everyone…

All young people are on FB, they may additionally be on something else (probably Instagram which is also FB and starving out Snap) - the default remains Facebook. I'd bet against you. The trajectory is fine and Zuckerberg is a good CEO. They have nearly a third of the earth as users and a ridiculously high percentage of internet users. Given a long enough time horizon any company is vulnerable, but FB is here to stay…

Logging in once a year is meaningless from a network effect standpoint. They might have an account and even use it to talk with grandparents, but without daily use FB has little pull.

Re: Facebook has lost $100B in 10 days and now advertisers are pulling out

#97

Post by ams6110 »

ardit33 wrote: post #51
l33tbro wrote: post #32

Facebook isn't going anywhere for a long time. They'll retain the privacy-clueless fossils with FB. They'll keep the aspirational set with IG. Anything even remotely competitive or alternative they'll just throw cash at and snap up.

Unless it becomes so uncool that you are lame if you still actively use it... eg. like having a myspace, or a .hotmail, or a @aol email account Social networks have to be both useful and trendy in order to fully succeed.... messenger and whatsup are both very useful, FB itself is less, and it needs to be somewhat trendy in order to survive Personally I find fb very useful to keep up with family and friends, but that…

Myspace actually did keep a niche going with musicians for quite some time after its general popularity had waned. No idea why that was or if there's even any of that left.

Re: Facebook has lost $100B in 10 days and now advertisers are pulling out

#98

Post by gonehome »

Retric wrote: post #96
gonehome wrote: post #93

Earlier quoted context omitted.

All young people are on FB, they may additionally be on something else (probably Instagram which is also FB and starving out Snap) - the default remains Facebook. I'd bet against you. The trajectory is fine and Zuckerberg is a good CEO. They have nearly a third of the earth as users and a ridiculously high percentage of internet users. Given a long enough time horizon any company is vulnerable, but FB is here to stay…

Logging in once a year is meaningless from a network effect standpoint. They might have an account and even use it to talk with grandparents, but without daily use FB has little pull.

They have over two billion monthly active users - not sure the DAU stat, but hundreds of millions would not surprise me.

Re: Facebook has lost $100B in 10 days and now advertisers are pulling out

#99

Post by jarjoura »

domevent wrote: post #90
jarjoura wrote: post #88

It's too easy for some of you to get excited about one giant corporation taking a rather public beating. The anti-facebook tribe is strong in the Hacker News community. Plus, what SV company wasn't a free-for-all of user data in 2012-2013? I don't know if any of you remember the Path app's lawsuit that triggered Apple's lockdown of API permissions. Apple, who suddenly got religion about privacy, but they too learned…

Anyway, I'm not here to argue in favor of FB You’re just doing a really great impression of someone who is? My initial reaction was an unrealistic belief that you and others singing a similar tune work for FB, but I doubt that. I think it’s a very rational fear that FB is the first domino to fall, possibly along with Uber. Fear and self-interest, and the simple desire not to see your industry facing a prolonged publi…

As it's impossible for me to convince anyone in this thread of anything on this topic, I'm just freely making some points. People have already picked a side to stand on and the line has been drawn. Case in point, you've already gotten your pitchfork out.

Re: Facebook has lost $100B in 10 days and now advertisers are pulling out

#100

Post by ams6110 »

symlinkk wrote: post #46
stevemk14ebr wrote: post #11

Is it crazy to consider investing in their stocks soon-ish. I totally hate the company but if this is global-minimum i can make some cash pretty easy. I'm relying on the premise that most users will continue to user the site and that this is a short term media frenzy similar to youtube advertiser fiasco.

Not sure why you're being downvoted. Clearly a lot of investors agree with you, as the stock recovered at the end of today to be exactly where it was at the start of the day. If you truly believe what you wrote, then you should invest in it. I disagree with you, but I could be wrong.

It will be very volatile for a while, with people looking to get out, and others looking to make a quick profit.
Post reply on HN