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Facebook lost more than Tesla's market cap

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Re: Facebook lost more than Tesla's market cap

#31

Post by [deleted] »

twblalock wrote: post #29
pksadiq wrote: post #27

Earlier quoted context omitted.

> Disclosure: I bought more FB today May be you can consider the moral side of what you are doing, if you care. This makes me really sad. People say, they care about privacy - theirs and others'. But they are okay making money investing for the same.

How does investing in Facebook stock help Facebook? It's not like Facebook gets the money. The guy you buy the stock from gets the money. You know what would do good in the world? Invest in evil companies and use the profits to fund advocacy against what they are doing. Turn their success against them. But if you refuse to invest in companies you don't like, it makes no difference to them at all.

[deleted]

Re: Facebook lost more than Tesla's market cap

#32

Post by arthurofbabylon »

A lot of commentary here (not all) seems to miss one critical point: what is the inherent value of Facebook to its users, and has THAT been recently degraded? Controversy aside, this will be the big factor behind an exodus from Facebook, and I would argue that for months if not a year or more, Facebook has ceased to provide value to an enormous portion of its user base.

Re: Facebook lost more than Tesla's market cap

#33

Post by cwilkes »

twblalock wrote: post #29
pksadiq wrote: post #27

Earlier quoted context omitted.

> Disclosure: I bought more FB today May be you can consider the moral side of what you are doing, if you care. This makes me really sad. People say, they care about privacy - theirs and others'. But they are okay making money investing for the same.

How does investing in Facebook stock help Facebook? It's not like Facebook gets the money. The guy you buy the stock from gets the money. You know what would do good in the world? Invest in evil companies and use the profits to fund advocacy against what they are doing. Turn their success against them. But if you refuse to invest in companies you don't like, it makes no difference to them at all.

It isn’t so much as “helping” a company but rather putting your money where your mouth is and refusing to make a personal profit off a company you don’t agree with.

Re: Facebook lost more than Tesla's market cap

#34

Post by twblalock »

cwilkes wrote: post #33
twblalock wrote: post #29

Earlier quoted context omitted.

How does investing in Facebook stock help Facebook? It's not like Facebook gets the money. The guy you buy the stock from gets the money. You know what would do good in the world? Invest in evil companies and use the profits to fund advocacy against what they are doing. Turn their success against them. But if you refuse to invest in companies you don't like, it makes no difference to them at all.

It isn’t so much as “helping” a company but rather putting your money where your mouth is and refusing to make a personal profit off a company you don’t agree with.

That only hurts yourself. It results in no benefit to any cause or harm to the company you don't like.

Re: Facebook lost more than Tesla's market cap

#35

Post by pnloyd »

twblalock wrote: post #29
pksadiq wrote: post #27

Earlier quoted context omitted.

> Disclosure: I bought more FB today May be you can consider the moral side of what you are doing, if you care. This makes me really sad. People say, they care about privacy - theirs and others'. But they are okay making money investing for the same.

How does investing in Facebook stock help Facebook? It's not like Facebook gets the money. The guy you buy the stock from gets the money. You know what would do good in the world? Invest in evil companies and use the profits to fund advocacy against what they are doing. Turn their success against them. But if you refuse to invest in companies you don't like, it makes no difference to them at all.

It may not put money in Facebook's pocket but.. Last time I checked Mark Zuckerberg is Facebook's CEO and largest shareholder. I imagine that taking actions that devalue the stock and therefore his net worth are bound to influence his decisions (and therefore Facebook's)

Re: Facebook lost more than Tesla's market cap

#36

Post by OrganicMSG »

twblalock wrote: post #3

The stock will come back, just as Wells Fargo, United Airlines, and Intel stock came back after their scandals. Facebook in particular will come back because there is no alternative social network with nearly as many people on it. The fundamentals of the business aren't really at risk -- most of the users will stay. The impact of potential privacy-related regulation is already priced in to a large extent because ever…

People will now be looking to jump and developers just got a huge motivation to build alternatives. Facebook will survive for a while, but I think we may be seeing their high water mark.

Re: Facebook lost more than Tesla's market cap

#37

Post by jogjayr »

jedberg wrote: post #17
xbmcuser wrote: post #5

Earlier quoted context omitted.

Why is a social network needed. Maybe because I am mostly a loner so I don't get it. I was on Facebook for few years as more people that I knew got on it just made get off it.

I like Facebook to keep up with friends who I don't get to see very often. One on one communication with everyone would be untenable. The broadcast nature of Facebook (and Instagram) makes it perfect for keeping up with what my friends are doing. For example, I literally haven't seen some of my high school friends since we graduated 22 years ago, but I know all about their kids and families and their recent successes…

> I like Facebook to keep up with friends who I don't get to see very often...For example, I literally haven't seen some of my high school friends since we graduated 22 years ago, but I know all about their kids and families and their recent successes at their jobs.

Why is that so useful though? If they were really important to you personally, you'd have kept in (active) touch with them. If you don't live in the same town as them, then you're not likely to encounter these people outside of a reunion.

I'm not trolling or criticizing, I'm genuinely curious why "staying in touch" in this way is so valued. I can see the value of LinkedIn (it's always possible you may develop business or professional relationships with passing acquaintances from your past and I take care to prune my connections occasionally) but the draw of FB is a bit mysterious to me.

Re: Facebook lost more than Tesla's market cap

#38

Post by jedberg »

jogjayr wrote: post #37
jedberg wrote: post #17

Earlier quoted context omitted.

I like Facebook to keep up with friends who I don't get to see very often. One on one communication with everyone would be untenable. The broadcast nature of Facebook (and Instagram) makes it perfect for keeping up with what my friends are doing. For example, I literally haven't seen some of my high school friends since we graduated 22 years ago, but I know all about their kids and families and their recent successes…

> I like Facebook to keep up with friends who I don't get to see very often...For example, I literally haven't seen some of my high school friends since we graduated 22 years ago, but I know all about their kids and families and their recent successes at their jobs. Why is that so useful though? If they were really important to you personally, you'd have kept in (active) touch with them. If you don't live in the same…

I can't really describe it, other than to say it makes me happy to know that the people I grew up with are thriving. That all that time we spent together in our youth was building a strong foundation for ... something.

Re: Facebook lost more than Tesla's market cap

#39

Post by jedberg »

ams6110 wrote: post #22
jedberg wrote: post #17

Earlier quoted context omitted.

I like Facebook to keep up with friends who I don't get to see very often. One on one communication with everyone would be untenable. The broadcast nature of Facebook (and Instagram) makes it perfect for keeping up with what my friends are doing. For example, I literally haven't seen some of my high school friends since we graduated 22 years ago, but I know all about their kids and families and their recent successes…

I've also gone 20+ years not seeing friends from high school and college. I suppose I could be more informed about their lives, and they about mine, if I were sharing that stuff on Facebook. But I also think that if any of us really cared, we'd take the time to make a call or send an email every once in a while. A few of us do, but mostly we don't. If that effort is too much, how important is the friendship? Facebook…

I interact with at least 100 people on Facebook in a month. I suppose I could switch the time I spend on FB with phone calls, except that would require us to be available at the same time, and also, I use FB in very short bursts between my regular life. I'd be making a bunch of one and two minute phone calls.

The asynchronicity of the service is what enables me to keep in touch with so many friends.

Re: Facebook lost more than Tesla's market cap

#40

Post by pyjammas »

raiyu wrote: post #11
twblalock wrote: post #3

The stock will come back, just as Wells Fargo, United Airlines, and Intel stock came back after their scandals. Facebook in particular will come back because there is no alternative social network with nearly as many people on it. The fundamentals of the business aren't really at risk -- most of the users will stay. The impact of potential privacy-related regulation is already priced in to a large extent because ever…

It's true that many companies come back from scandal but it really depends on the impact to the bottom line. Chipotle had tremendous negative press years ago from food poisoning issues and hasn't recovered since. Even though the number of instances are in the single digits compared to millions of burritos served on a monthly basis. With social media boycott campaigns it's hard to separate the noise from impact on the…

> Chipotle had tremendous negative press years ago from food poisoning issues and hasn't recovered since.

Chipotle is an excellent example of how this might affect Facebook.

I think Chipotle could have recovered from this scandal if not for the fact that many people were already less into the 'chain restaurant' thing (in particular 'millennials', I remember reading somewhere).

Of all the people I know, a shockingly small percentage actually uses Facebook actively. And just looking at my FB feed, it's become a ghost town compared to what it used to be. Many have moved to WhatsApp/Telegram/Snapchat/Instagram/etc. for their regular interactions, and mostly use Facebook for overt marketing/self-marketing purposes, if at all (events, business pages, etc.). And there's a surprising amount of grumbling about WhatsApp and Instagram being owned by Facebook, by people who I wouldn't characterize as the 'type' for this kind of grumbling.

The fact that Facebook is still used for some things, and that they own WhatsApp/Instagram might end up saving them, but I still wouldn't be surprised if, similar to the Chipotle situation, this is just that last push that many people need to ditch the FB ecosystem, or at least actively look for alternatives. And so far I get the impression that the WhatsApp/Instagram 'moats' are much more sensitive to disruption than FB is, or used to be.

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