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And are you guys going to cut your wrists when it goes up 50 billion in the next few months?
The market does not march to the political winds...has it own set.
I would expect recovery but they are damaged goods. I also expect at some point they are going to fail simply because someone else will come along with better service. They have managed to buy out or copy competitors services to this point but anti-trust will be rearing it's head in the future.
In the meantime they will make lemonade out of lemons. They'll get together with some politicians on both sides of the aisle and craft an "Internet Privacy Act" to fix an issue they along with the other major tech giants created. The loser in this will be the small operators that do not have an army of engineers and lawyers to comply.
thecoalman, thank you for the link, but I’m not seeing any fines levied. I see the stock drop (which does not equal 100 billion, unless I’m reading it wrong) did I miss something else? I did a quick search for the fine and found nothing at the moment. OP, care to jump in?
Oh boy, I thought at the very least conservatives are supposed to understand the financial market???? What happened? They truly don't know anything.
Earth to right-wing: FB shares are owned by shareholders, it's they who are feeling the pain, not the company. Having a sharp drop in stock prices isn't going to affect FB's revenue and profit one iota.
Also, it's a biggggggg assumption that FB's stock prices will not recover. A really big assumption.
thecoalman, thank you for the link, but I’m not seeing any fines levied. I see the stock drop (which does not equal 100 billion, unless I’m reading it wrong) did I miss something else? I did a quick search for the fine and found nothing at the moment. OP, care to jump in?
The estimate is actually 120 billion. The OP was implying the 120 billion loss was equivalent to a fine, e.g. the government didn't need to fine them because of their actions because the public or market if you wish did.
Funny how leftists seem to avoid these FB stock threads like the plague. On one hand, we have an incident of sticking it to one of those "greedy, rich capitalists". On the other hand, he's that leftist hero who censors opinions they don't like.
They won't talk about this until their favorite propaganda network tells them what their opinion is.
Having a sharp drop in stock prices isn't going to affect FB's revenue and profit one iota.
You are putting the cart before the horse, they missed projected revenue earnings and other issues like lower than expected active users thus the drop in the stock.
I heard facebook has its own news service where it shows headlines and articles etc., so just wondering does facebook news favor Democrats or does it favor Republicans?
I can't imagine it'd favor Trump, as in I can't imagine it'd report his achievements.
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