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

business.financialpost.com

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

#171

Post by Roybot »

JDWolf wrote: post #142
734786710934 wrote: post #76

Earlier quoted context omitted.

Facebook has no serious competition at the moment other than Snapchat. Young people are still using Instagram and Messenger. Ironically, the calls for regulation might actually end up helping Facebook in the end as they will make the barriers to entry higher.

MS LinkedIn seems like a pretty strong competitor to me. Seems like their logo/like buttons/messaging/user experience is converging that direction. Perhaps they will offer Office-Ville or Kanban-Crush-Saga.

When social media platforms are optimizing for user engagement, it's not surprising that you're seeing the same features. With enough A/B testing they all discover the same thing and end up on the same path. The FB feed has become a bunch of memes/videos, increasing engagement. It won't be surprising once the LinkedIn feed becomes saturated with videos as well. I don't see LinkedIn as a strict competitor to FB. They're both social platforms but different.

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

#172

Post by EGreg »

wizardforhire wrote: post #153
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…

I've been putting off posting this for months because when I write it, it seems grandiose but it's been my life and it's too ridiculous not to share. I was born in 80 so that dates me. I've worked in music for the last 20 years and I've worked with over 60 bands most of whom are very successful now. However that number is misleading because I've toured with hundreds of bands if you count the openers and headliners ov…

Sounds like you want the Qbix Platform

https://m.youtube.com/watch?v=pZ1O_gmPneI

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

#173

Post by ineedasername »

jlmorton wrote: post #22
ineedasername wrote: post #18

Earlier quoted context omitted.

Except NAZDAQ rallied today, so did Google. Facebook did not. Google's decline was part of the halo effect cast over big data techs as a result of the facebook debacle, and indexes in general were down over fears of pending trade wars with China that have now eased slightly. Facebook's decline continued despite these other factors getting some relief. Its issues are all its own at the moment.

In point of fact, FB is also up today, although only modestly.

ah, I see now they rallied shortly before close. I last checked them around 3:30 when they were still down about 2-3%. Though I think it's important to note they did not rally to the extent the rest of the market did, which largely erased 90% of the losses from the prior Friday.

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

#174

Post by brailsafe »

j79 wrote: post #139
claudenm wrote: post #111

Earlier quoted context omitted.

Very good compensation is one reason I can think of.

Yep, my brother decided to join Facebook in a non-tech role (admittedly, right before the #deletefacebook movement began), and it was purely for the compensation. He even joked he had joined "the dark side". I've been off Facebook since 2011, so it was a bit disappointing. But, the compensation was the highest out of the companies he got offers from (Google, Stripe, etc.), so I don't blame him.

In this case I'm not getting that your brother wanted to be associated with them necessarily. If compensation was equal, which do you think he'd have picked?

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

#175

Post by brailsafe »

claudenm wrote: post #111
brailsafe wrote: post #81

Earlier quoted context omitted.

While I'm not top talent, and haven't been pursued by Facebook, I've always wondered why anyone would want to be associated with them. Other than as a status symbol in tech. I've never thought of them as anything less than a reprehensible company.

Very good compensation is one reason I can think of.

Right but that's kind of irrelevant isn't it? Perhaps a semantic detail, but Donald Trump could hypothetically pay me as much as he wanted but it wouldn't change my desire to have his name next to mine.

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

#176

Post by wyqydsyq »

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.

> Facebook's network effect is extremely strong

Yeah people said the same thing about MySpace and look what happened

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

#177

Post by mattferderer »

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.

Oculus is highly underrated in my opinion. I would bet that the majority of their income is through VR by 2030. Great VR content with the ability to personalize it using AI with tons of personal data will lead to major addictions in my opinion, resulting in a gold mine for many businesses.

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

#179

Post by pdpi »

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…

> You’re just doing a really great impression of someone who is?

I read that less as "arguing in favour of FB", and more as a reminder that overindulging in the blood frenzy makes you lose perspective.

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

#180

Post by varrock »

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…

I've always attributed Facebook's success with older generations to the feeling you get when somebody you're talking to brings up a name you hadn't heard in numerous years, and here's why.

Let's first think about the demographic that has kept Facebook afloat; Baby Boomers and Generation X. When you think about most of these individuals, they graduated high school and college without much there to remind them of individuals they were acquainted with, minus maybe their yearbooks from high school. Sure, most probably wrote or emailed their close friends, but we're talking about those afterthought individuals that they came into contact with under specific circumstances that generated that "acquaintance" classification. Then, all of a sudden, appears Facebook, a platform that allows these individuals to link their name with their school. It's a database at their fingertips with all of their classmates with up-to-date pictures, life stories, and mutual friends to explore. Facebook is that one "person" I referenced earlier; the person that brings up that name you hadn't thought about for years, except now you can actually explore what they are up to, and Facebook continuously reminds people of those afterthought names.

The question is, how long is this effect going to sustain Facebook's competitive advantage? Like people have mentioned, there was Whitepages, now there is Facebook, but what's next?

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