Meta/Facebook Stock Market Loss

Meta/Facebook Stock Market Loss - Printable Version

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Meta/Facebook Stock Market Loss - Boudica - 02-06-2022

[Image: _123129665_mark_zuckerberg_getty.jpg]

This will come as no surprise to many of us on this board, given the kind of audience we have here, but I still think this is worthy to post about.

After disappointing quarterly figures reached investors, Meta's shares fell by 26.4%. Overall, its stock market value went down by more than $230bn, which is apparently a record daily loss for a US firm.
This is alongside a fall in Facebook's daily active users - a first for them in their 18 year history. I'm a little surprised this was a first for them, but I think we all knew it was coming sooner or later.

Naturally, Zuckerberg's own fortune therefore dropped by $31bn. Rather amusingly, this BBC article compares the loss to the annual GDP of Estonia.

Code:
Even after that drop, Mr Zuckerberg has an estimated net worth of almost $90bn, which means he is still one of the richest people in the world.

That came after Meta revealed that Facebook's DAUs fell to 1.929bn in the three months to the end of December, compared to 1.930bn in the previous quarter.

It was the first time ever that this measure of activity on the world's biggest social network had gone into reverse.

Meta's stock market slump came on the eve of the 18th anniversary of the founding of Facebook.

Meta also warned of slowing revenue growth in the face of competition from rival platforms including TikTok and YouTube, while advertisers were also cutting spending.

Mr Zuckerberg said the firm's sales growth had been hurt as audiences, especially younger users, had left for rivals.

Facebook has massively dropped in popularity with today's youth, compared to other platforms. I wouldn't particularly want platforms like TikTok to see massive success either, thought I'm sure they will peak and fall one day too.

RE: Meta/Facebook Stock Market Loss - mothered - 02-06-2022

Quote:This is alongside a fall in Facebook's daily active users - a first for them in their 18 year history

A lot of people are starting to see Facebook for what It Is, as opposed to what It claims to be.

Data leaks and privacy Issues are beginning to take Its toll on the platform.

RE: Meta/Facebook Stock Market Loss - Mangup - 02-06-2022

To be honest I'm quite shocked it's taken this long, the huge pump from Metaverse's launch seemed like wild speculation for a company already undergoing significant internal and PR disaster.

RE: Meta/Facebook Stock Market Loss - Dismas - 02-06-2022

The Meta and Facebook have proven to be a joke. Maybe something will materialize down the line, but it just seems like a marketing/PR blunder.

RE: Meta/Facebook Stock Market Loss - Boudica - 02-07-2022

(02-06-2022, 07:46 PM)Mangup Wrote: To be honest I'm quite shocked it's taken this long, the huge pump from Metaverse's launch seemed like wild speculation for a company already undergoing significant internal and PR disaster.

Quick! Distract them with shiny new things!

(02-06-2022, 03:34 PM)mothered Wrote:
Quote:This is alongside a fall in Facebook's daily active users - a first for them in their 18 year history
A lot of people are starting to see Facebook for what It Is, as opposed to what It claims to be.

Data leaks and privacy Issues are beginning to take Its toll on the platform.

I think the other side of it, is that there is little to no appeal for younger generations. Other platforms offer far better instant gratification, and ways to promote their own content without paying money. Facebook has nothing to compete with that. Also, younger audiences have been watching their parents use Facebook, so it's not exactly "cool" anymore. Equally the 25-60 year old's using it, are more likely to hear the news and controversies surrounding it, and equally less likely to be all that intrigued by the Metaverse (or even understand it). Of course there are exceptions and what I say is an overgeneralisation, but I can think of a least a dozen people I know personally, that this applies to.

RE: Meta/Facebook Stock Market Loss - mothered - 02-07-2022

(02-07-2022, 08:31 AM)Boudica Wrote: I think the other side of it, is that there is little to no appeal for younger generations. Other platforms offer far better instant gratification, and ways to promote their own content without paying money. Facebook has nothing to compete with that. Also, younger audiences have been watching their parents use Facebook, so it's not exactly "cool" anymore. Equally the 25-60 year old's using it, are more likely to hear the news and controversies surrounding it, and equally less likely to be all that intrigued by the Metaverse (or even understand it). Of course there are exceptions and what I say is an overgeneralisation, but I can think of a least a dozen people I know personally, that this applies to.

In a nutshell, I don't believe anyone could've explained It much better than that.

As you're aware, I've never been a fan of social media and anything anti-Facebook, Is music to my ears.

RE: Meta/Facebook Stock Market Loss - Boudica - 02-13-2022

(02-07-2022, 09:25 AM)mothered Wrote:
(02-07-2022, 08:31 AM)Boudica Wrote: I think the other side of it, is that there is little to no appeal for younger generations. Other platforms offer far better instant gratification, and ways to promote their own content without paying money. Facebook has nothing to compete with that. Also, younger audiences have been watching their parents use Facebook, so it's not exactly "cool" anymore. Equally the 25-60 year old's using it, are more likely to hear the news and controversies surrounding it, and equally less likely to be all that intrigued by the Metaverse (or even understand it). Of course there are exceptions and what I say is an overgeneralisation, but I can think of a least a dozen people I know personally, that this applies to.
In a nutshell, I don't believe anyone could've explained It much better than that.

As you're aware, I've never been a fan of social media and anything anti-Facebook, Is music to my ears.

I still recall that live questioning of Zuckerberg over that data incident with Cambridge Analytica was it?

I don't blame anyone who likes social media, hell I know people whose steady business exists because of it, but it would be amazing if schools taught kids more about how it works, the algorithms, and impact on your mindset (not just in terms of mental health, but how it shapes your views of news and other people). I do believe the parent generation and older is perhaps a little too set in their ways to take than information on at any kind of collective, or en masse type of way.

RE: Meta/Facebook Stock Market Loss - mothered - 02-13-2022

(02-13-2022, 07:48 AM)Boudica Wrote: I still recall that live questioning of Zuckerberg over that data incident with Cambridge Analytica was it?

Yes It was.

He got hammered with questions, many of which remained unanswered pending further Investigation on his part.

(02-13-2022, 07:48 AM)Boudica Wrote: I don't blame anyone who likes social media, hell I know people whose steady business exists because of it

Agreed.

From a business standpoint to Increase promotion and productivity, social media Is a very effective gateway.

(02-13-2022, 07:48 AM)Boudica Wrote: but it would be amazing if schools taught kids more about how it works, the algorithms, and impact on your mindset (not just in terms of mental health, but how it shapes your views of news and other people). I do believe the parent generation and older is perhaps a little too set in their ways to take than information on at any kind of collective, or en masse type of way.

It also comes down to schools and parents being Ill-Informed of how social media operates as a whole, and the Impact It can have on others.

RE: Meta/Facebook Stock Market Loss - Boudica - 02-14-2022

(02-13-2022, 09:39 AM)mothered Wrote:
(02-13-2022, 07:48 AM)Boudica Wrote: I still recall that live questioning of Zuckerberg over that data incident with Cambridge Analytica was it?
Yes It was.

He got hammered with questions, many of which remained unanswered pending further Investigation on his part.

(02-13-2022, 07:48 AM)Boudica Wrote: I don't blame anyone who likes social media, hell I know people whose steady business exists because of it
Agreed.

From a business standpoint to Increase promotion and productivity, social media Is a very effective gateway.

(02-13-2022, 07:48 AM)Boudica Wrote: but it would be amazing if schools taught kids more about how it works, the algorithms, and impact on your mindset (not just in terms of mental health, but how it shapes your views of news and other people). I do believe the parent generation and older is perhaps a little too set in their ways to take than information on at any kind of collective, or en masse type of way.
It also comes down to schools and parents being Ill-Informed of how social media operates as a whole, and the Impact It can have on others.

This is a very good point. Teachers aren't necessarily well equipped as they may be just as ill-informed or simply not know about social media.

I do recall my schools teaching us to be "media smart" which was more focused on TV news and newspapers, but I've found it very much applies to social media as well. However, I know this kind of teaching was a rarity, and not a norm.

RE: Meta/Facebook Stock Market Loss - mothered - 02-14-2022

(02-14-2022, 08:47 AM)Boudica Wrote: Teachers aren't necessarily well equipped as they may be just as ill-informed or simply not know about social media.

Yes, the advice given Is only as good as the knowledge of those who hand It out.

(02-14-2022, 08:47 AM)Boudica Wrote: I do recall my schools teaching us to be "media smart" which was more focused on TV news and newspapers, but I've found it very much applies to social media as well. However, I know this kind of teaching was a rarity, and not a norm.

This actually sounds quite effective.

It's a shame many schools don't even bother covering a minority of It.