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blake2012

(1,294 posts)
Mon Mar 26, 2018, 01:18 PM Mar 2018

Facebook 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.

10 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Facebook has dropped $37 per share from February price of $193 to $156 right at the moment. 52 week (Original Post) blake2012 Mar 2018 OP
I'm actually surprised it's not affecting the stock market more. bearsfootball516 Mar 2018 #1
Facebook alone cannot defeat a general positive upward level of stock performance blake2012 Mar 2018 #3
Facebook is traded on a different level exchange A HERETIC I AM Mar 2018 #8
I haz a sad workinclasszero Mar 2018 #2
me too! We could easily accomplish a lot of the great aspects of what has drawn people to FB with blake2012 Mar 2018 #5
Facebook logs SMS texts and calls, users find as they delete accounts dalton99a Mar 2018 #4
Someone could get very rich Clarity2 Mar 2018 #6
To tell you the truth it is about time ordinary Americans woke the fuck up Fred Sanders Mar 2018 #7
Yes! blake2012 Mar 2018 #9
If the market drops 500 points tomorrow will there be a related thread? Awsi Dooger Mar 2018 #10

bearsfootball516

(6,373 posts)
1. I'm actually surprised it's not affecting the stock market more.
Mon Mar 26, 2018, 01:20 PM
Mar 2018

Dow is up almost 500 points today. I figured Facebook tanking wouldn't be good for it.

 

blake2012

(1,294 posts)
3. Facebook alone cannot defeat a general positive upward level of stock performance
Mon Mar 26, 2018, 01:22 PM
Mar 2018

Their decline is not anything to do with structural aspects of the industry--just their own bad behavior.

 

workinclasszero

(28,270 posts)
2. I haz a sad
Mon Mar 26, 2018, 01:22 PM
Mar 2018

Kidding!

I hope Zuckerburg's secret fascist takeover machine AKA Facebook, is smashed into little tiny bits!

 

blake2012

(1,294 posts)
5. me too! We could easily accomplish a lot of the great aspects of what has drawn people to FB with
Mon Mar 26, 2018, 01:23 PM
Mar 2018

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)
4. Facebook logs SMS texts and calls, users find as they delete accounts
Mon Mar 26, 2018, 01:23 PM
Mar 2018
https://www.theguardian.com/technology/2018/mar/25/facebook-logs-texts-and-calls-users-find-as-they-delete-accounts-cambridge-analytica
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

As users continue to delete their Facebook accounts in the wake of the Cambridge Analytica scandal, a number are discovering that the social network holds far more data about them than they expected, including complete logs of incoming and outgoing calls and SMS messages.

Facebook makes it hard for users to delete their accounts, instead pushing them towards “deactivation”, which leaves all personal data on the company’s 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 Facebook’s 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 I’ve ever made, including time and duration” and “metadata about every text message I’ve 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)
6. Someone could get very rich
Mon Mar 26, 2018, 01:40 PM
Mar 2018

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.

I’d 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.

I’d 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)
7. To tell you the truth it is about time ordinary Americans woke the fuck up
Mon Mar 26, 2018, 02:27 PM
Mar 2018

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?

 

Awsi Dooger

(14,565 posts)
10. If the market drops 500 points tomorrow will there be a related thread?
Mon Mar 26, 2018, 04:47 PM
Mar 2018

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.

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