16 votes

Facebook is the first company to see its market cap drop by over 100 billion USD in one day

7 comments

  1. [4]
    Kijafa
    Link
    If the rest of the names on that "list of the biggest single day drops in market cap" is any indication, Facebook should be fine. It would be interesting to see what this means for social media...

    If the rest of the names on that "list of the biggest single day drops in market cap" is any indication, Facebook should be fine.

    It would be interesting to see what this means for social media sites in general though. They've got huge reach, but they don't seem to be great at making money. A long-term decline in facebook would be interesting to see.

    6 votes
    1. [3]
      captain_cardinal
      Link Parent
      I'm not sure Facebook will recover. Their value is in their user data--they don't have a tangible product like the other companies on that list. With an increased focus on privacy, user data is...

      I'm not sure Facebook will recover. Their value is in their user data--they don't have a tangible product like the other companies on that list. With an increased focus on privacy, user data is less valuable. Also, they're seeing slower user growth in their money making markets.

      5 votes
      1. Neverland
        (edited )
        Link Parent
        While not exactly on-point, I think a lot of the valuation of FB comes from what they implied they were doing: replacing thousands of local news editors and journalists with a magical algorithm....

        While not exactly on-point, I think a lot of the valuation of FB comes from what they implied they were doing: replacing thousands of local news editors and journalists with a magical algorithm. It turns out that did not quite work as expected.

        Who knew that replacing the entire global system of publication and editing would be so hard?

        3 votes
      2. Archimedes
        Link Parent
        They own Instagram, WhatsApp, and Oculus VR as well, so they've got a bit of diversification if the facebook site eventually fades away.

        They own Instagram, WhatsApp, and Oculus VR as well, so they've got a bit of diversification if the facebook site eventually fades away.

        2 votes
  2. [3]
    Algernon_Asimov
    Link
    Am I missing something? There's only one paragraph in this article. I was expecting more. My local paper has more about this, if anyone's interested.

    Am I missing something? There's only one paragraph in this article. I was expecting more.

    My local paper has more about this, if anyone's interested.

    3 votes
    1. [2]
      json
      Link Parent
      I'm pretty sure there's a video on the page that doesn't load well with ad blocking.

      I'm pretty sure there's a video on the page that doesn't load well with ad blocking.

      1 vote
      1. Algernon_Asimov
        Link Parent
        <loads the page in an incognito window with ad-blocking disabled> So there is! And, for the first 3 minutes of a video that runs for less than 4 minutes they don't mention Facebook or even seem to...

        <loads the page in an incognito window with ad-blocking disabled> So there is!

        And, for the first 3 minutes of a video that runs for less than 4 minutes they don't mention Facebook or even seem to be talking about it. Most of it is one guy rabbiting on about digital advertising, rather than what's happening with Facebook.

        They don't start talking directly about Facebook until about 40 seconds before the end of the video - and they don't mention it by name until 15 seconds before the end of the video.