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dixiegrrrrl

(60,010 posts) Mon Mar 19, 2018, 01:01 PM Mar 2018

10

Facebook's share price down $30 billion in first two hours trading today.

I am wondering how many people have left Facebook over this data spying.

Christopher Wylie reports Facebook has banned him. awwwww...
?

12 replies

= new reply since forum marked as read

Highlight:

Facebook's share price down $30 billion in first two hours trading today. (Original Post) dixiegrrrrl Mar 2018 OP

Bye Felicia! Anon-C Mar 2018 #1

deleted mine CelticWinter Mar 2018 #2

Good... LovingA2andMI Mar 2018 #3

Call It What It Is The River Mar 2018 #4

Same here...family insisted, they have accounts as do some friends. dixiegrrrrl Mar 2018 #12

Don't u mean FB is down $3bil and not $30bil? TheDebbieDee Mar 2018 #5

Market Cap is 500B Lithos Mar 2018 #6

"share price" is an odd way of characterizing market cap. onenote Mar 2018 #7

WaPo just threw this breaking news item out BumRushDaShow Mar 2018 #8

American people are waking up to FB's abuses Johnny2X2X Mar 2018 #9

Bam! MelissaB Mar 2018 #10

Fuck Facebook snort Mar 2018 #11

Anon-C

(3,430 posts)

1. Bye Felicia!

Reply to dixiegrrrrl (Original post)

Mon Mar 19, 2018, 01:02 PM

Mar 2018

BYE!

CelticWinter

(1,399 posts)

2. deleted mine

Reply to dixiegrrrrl (Original post)

Mon Mar 19, 2018, 01:14 PM

Mar 2018

and I don't care if FB goes broke.....
Celtic

LovingA2andMI

(7,006 posts)

3. Good...

Reply to dixiegrrrrl (Original post)

Mon Mar 19, 2018, 01:16 PM

Mar 2018

Let Facebook become a PENNY STOCK by the end of this week. They deserve this and much more.

The River

(2,615 posts)

4. Call It What It Is

Reply to dixiegrrrrl (Original post)

Mon Mar 19, 2018, 01:18 PM

Mar 2018

It's the "Give All Your Info to Big Brother Farce Book".
I tried it once about 2 years ago.

dixiegrrrrl

(60,010 posts)

12. Same here...family insisted, they have accounts as do some friends.

Reply to The River (Reply #4)

Mon Mar 19, 2018, 03:41 PM

Mar 2018

not a good experience for me, so I stopped visiting the site.

TheDebbieDee

(11,119 posts)

5. Don't u mean FB is down $3bil and not $30bil?

Reply to dixiegrrrrl (Original post)

Mon Mar 19, 2018, 01:21 PM

Mar 2018

Lithos

(26,403 posts)

6. Market Cap is 500B

Reply to TheDebbieDee (Reply #5)

Mon Mar 19, 2018, 01:25 PM

Mar 2018

Shares are down over 6%

0.06*$500B = $30B

L-

onenote

(42,700 posts)

7. "share price" is an odd way of characterizing market cap.

Reply to dixiegrrrrl (Original post)

Mon Mar 19, 2018, 01:43 PM

Mar 2018

It's share price is down less than 4 points, from 176.46 on Friday to around 173 currently.

Given that FB's share price was under 140 a year ago, I don't think investors are jumping out of windows.

BumRushDaShow

(128,905 posts)

8. WaPo just threw this breaking news item out

Reply to dixiegrrrrl (Original post)

Mon Mar 19, 2018, 01:48 PM

Mar 2018

Stocks tumble in afternoon trading, dragged down by shares of Facebook and technology giants

The Dow Jones industrial average has dropped 1.7 percent and the tech-heavy Nasdaq plummeted 2.5 percent in afternoon trading.

Facebook saw its stock fall about 7 percent. The social media giant came under heavy fire from lawmakers in the United States and Britain over the weekend after news reports raised questions about whether it allowed third-party developers to access the data of users without their permission – a potential violation of its privacy agreement with the U.S. government.

This is a developing story. It will be updated.

https://www.washingtonpost.com/news/business/wp/2018/03/19/stocks-tumble-in-afternoon-trading-dragged-down-by-shares-of-facebook-and-technology-giants/?utm_term=.bc5b2af1c074

IIRC, the futures were down pretty steeply this morning so this was not unexpected and could obviously recover by the end of the day but we shall see!

Johnny2X2X

(19,060 posts)

9. American people are waking up to FB's abuses

Reply to dixiegrrrrl (Original post)

Mon Mar 19, 2018, 01:52 PM

Mar 2018

The average user has no idea how complete of a psychological profile Facebook has on them and who they sell it to and how it is then used.

MelissaB

(16,420 posts)

10. Bam!

Reply to dixiegrrrrl (Original post)

Mon Mar 19, 2018, 01:57 PM

Mar 2018

They are taking a beating that they deserve.

snort

(2,334 posts)

11. Fuck Facebook

Reply to dixiegrrrrl (Original post)

Mon Mar 19, 2018, 02:57 PM

Mar 2018

and the asshole it rode in on.

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