General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsFacebook has dropped $37 per share from February price of $193 to $156 right at the moment. 52 week
low was $139 in April last year. Only $17 more to slide to hit that low point.
News about Facebook collecting phone log data from Android devices and FTC new investigation are further tanking this stock.
Get out while the getting is good. Both financially and out of Facebook itself.
Employees are fleeing to go work for Instagram or other divisions as well as looking to work for new companies.
Good riddance.
bearsfootball516
(6,373 posts)Dow is up almost 500 points today. I figured Facebook tanking wouldn't be good for it.
blake2012
(1,294 posts)Their decline is not anything to do with structural aspects of the industry--just their own bad behavior.
A HERETIC I AM
(24,360 posts)Its traded on the NASDAQ, not the NYSE
workinclasszero
(28,270 posts)Kidding!
I hope Zuckerburg's secret fascist takeover machine AKA Facebook, is smashed into little tiny bits!
blake2012
(1,294 posts)separate apps. We don't need that much power of data acquisition in the hands of what is clearly a bad actor.
dalton99a
(81,391 posts)Facebook logs SMS texts and calls, users find as they delete accounts
Leaving the social network after Cambridge Analytica scandal, users discover extent of data held
Alex Hern
Mon 26 Mar 2018 02.10 EDT
Facebook makes it hard for users to delete their accounts, instead pushing them towards deactivation, which leaves all personal data on the companys servers. When users ask to permanently delete their accounts, the company suggests: You may want to download a copy of your info from Facebook. It is this data dump that reveals the extent of Facebooks data harvesting surprising even for a company known to gather huge quantities of personal information.
One user, Dylan McKay, reported that for the period October 2016 to July 2017 his logs contained the metadata of every cellular call Ive ever made, including time and duration and metadata about every text message Ive ever received or sent.
Many other users reported unease at the data they had discovered being logged, including the contacts in their address books, their calendars, and their friends birthdays.
Clarity2
(1,009 posts)Creating a competing facebook, charge $1 a year per person, no ads, no selling private data, no funny business. There are 200M+ american accts (minus the fake accts). Add onto that other countries.
Id like to see that day. For the love of money and power, greed is why they are in this position. Zuckerberg wasn't satisfied with millions...he wanted billions.
Id create a facebook if I had the startup money for an income of just $50-100k a yr. i think a lot of people would. I dont want to be rich...just promise me my privacy in the process, because I dont want fame or power either.
Fred Sanders
(23,946 posts)and started giving a fuck about privacy again.
Personal privacy once was actually an important thing, which was given away on 9/11 and never given back. Isn't it about time to get it back?
blake2012
(1,294 posts)Awsi Dooger
(14,565 posts)Given the 669 point climb today, amidst crickets.
Maybe I made the correct move on Friday, buying technology. Up nearly 3.5% today.
But I'm not going to overreact to one huge positive day, given the battling opinions. Jockeying as logically as I can.
Facebook closed slightly above $160 today. I have no involvement other than within some mutual funds.