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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

#111

Post by claudenm »

brailsafe wrote: post #81
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.

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.

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

#112

Post by lph »

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.

It remains to be seen how much impact this will ultimately have on Facebook, but it's not ridiculous to think it could be significant. Trust is important; for a cautionary tale we need look no further than Uber, whose pervasive bad faith approach to basically everything has undoubtedly had a negative imact on hiring talent.

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

#113

Post by geodel »

juicy-fruit wrote: post #48
goalieca wrote: post #34

Earlier quoted context omitted.

If facebook’s engineering talent is top tier, then how come I have to recommend to everyone to delete that awful battery draining app.

What kind of counter point is that? If Apple has top tier talent, why do they ship an OS with a huge security vulnerability? With a map framework that has memory leaks? With a messaging app that messes up the order of messages? If Google has top tier talent, why did they create an OS that allowed a third party developer to siphon calls, contacts and messages? If this is your argument, then no company has top talent.

Well the better answer would be that top talent either work on ads or server side infrastructure. For client side its user device, battery, RAM and money and they could care less once they have thrown a free app in the face of users.

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

#114

Post by jlmorton »

symlinkk wrote: post #41
jlmorton wrote: post #21

Earlier quoted context omitted.

Facebook runs a messaging service with ~1.2 billion monthly active users. One of the core features of the product is to integrate with other contacts on your phone, and you have to explicitly enable this feature, agreeing to "ongoing upload" of your "text and call history". Apple runs a messaging service called iMessage. It logs all of your call metadata, SMS history, etc. There is no opt-in, it's just default behavi…

> you have to explicitly enable this feature, agreeing to "ongoing upload" of your "text and call history" I don't remember this being explicitly asked of me in any obvious way. And even if it was, I would have assumed they only needed that permission to get a list of contacts on my phone, and that the rest of it would be unused. > Apple runs a messaging service called iMessage Yes, and it's all encrypted and none of…

> I don't remember this being explicitly asked of me in any obvious way.

Maybe you didn't. The Facebook app does not collect this data. It's only Facebook Messenger or Facebook Lite. Here is a screenshot of the permission request: https://fbnewsroomus.files.wordpress.com/2018/03/opt-in_scre...

> Yes, and it's all encrypted and none of it is sent to third-party advertisers or creepy voter manipulation firms.

Yes, and this is all encrypted and none of it has ever been sold, or shared with any other third parties. So what is the difference again?

> https://www.nytimes.com/2018/03/19/technology/facebook-cambr....

This is a completely different issue, and unrelated to the thread.

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

#115

Post by shrimpx »

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.

I don't believe in facebook because I personally don't depend on it and nobody I know depends on it. It's a waning bubble -- people signed up because it was trendy/they got peer-pressured, and they now hang on to it with a vanishing sense of habit.

I also believe that we've barely scratched the surface in terms of insight into their internal surveillance and identity-tokenizing machinery. I believe that if we get to see those details in full glory (e.g. as the result of an investigation) we will be HORRIFIED. This applies to Google as well (or more).

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

#116

Post by Torwald »

brailsafe wrote: post #81
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.

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.

I wouldn't know either. The reason your cite, status in tech, however, could be a real thing. FB was innovative in some areas like infrastructure and PHP.

If your career goal is to set yourself up as a PHP guru, some FB credentials could be useful. If you think about it, a guy who wouldn't mind his career being about PHP is exactly the type who wouldn't get why ('zuckerberg-couldn't-get-laid(a-busines-carries-founder-DNA)).

I also remember a time when FB was seen as cool compared to MySpace, because it hinted a higher social value because you supposedly needed to be an Ivy league student to have one.

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

#117

Post by jlmorton »

tylermenezes wrote: post #31
jlmorton wrote: post #7

In other words, FB has done somewhat worse than the NASDAQ, and about the same as GOOG over the same time period. Best not to take broad market movements and try to ascribe specific market expectations to individual companies.

What are you talking about? The NASDAQ was down 4% since last Friday. Facebook was down almost 20% from Friday this morning...

Sorry, but what are you talking about? Facebook closed on Thursday at $165. It closed on Friday at $160. FB was up by half a percent today, on Monday.

https://finance.yahoo.com/quote/FB?p=FB

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

#119

Post by runevault »

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.

I'd think most people who get major comp from FB could also get it from a lot of the other big players.

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

#120

Post by QuackingJimbo »

liquidise wrote: post #83
bitxbit wrote: post #45

Earlier quoted context omitted.

Market has been choppy since February but FB moving down will bring other stocks down with it. Google was down over the same period BECAUSE of Facebook. Facebook is very much a bellwether company like it or not.

> Google was down over the same period BECAUSE of Facebook This feels counter-intuitive to me as these are the major players in online advertising. A facebook exodus would feel like a positive for google's primary revenue driver. Why is the inverse effect true?

People running "stat arb" strategies which see FB going down so they sell other tech stocks
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