Facebook Drops $120 Billion – Largest Single Private Business Drop in Value in History….

(Via CNBC) On Thursday Facebook posted the largest one-day loss in market value by any company in U.S. stock market history after releasing a disastrous quarterly report.

The social media giant’s market capitalization plummeted by $119 billion to $510 billion as its stock price plummeted by 19 percent. At Wednesday’s close, Facebook’s market cap had totaled nearly $630 billion, according to FactSet.

No company in the history of the U.S. stock market has ever lost $100 billion in market value in just one day. (read more)

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385 Responses to Facebook Drops $120 Billion – Largest Single Private Business Drop in Value in History….

  1. Papoose says:

    I signed up. So I can cancel.

    Liked by 3 people

  2. AJ says:

    Why are all of you crowing like you’re the top rooster in the hen house? It’s not like the GOP or republicans did anything to bring this sell off about.

    Like

  3. appraisher says:

    Couldn’t happen to a better guy (and his entourage of smug millennial SJWs)…this makes me happy.

    Liked by 23 people

  4. Sentient says:

    It’s all because I’ve refused to open a Facebook account.

    Liked by 17 people

  5. History Teaches says:

    Politics have ruined FB.

    It was relatively harmless, if banal years ago. Every site sells advertising and counts clicks, but the temptations of greed, power and intrusive control have incrementally diluted it to the point of discomfort.

    I won’t be hypocritical and say I don’t have some use for it. Distant relatives and old friends and aquaintences have been able to easily and casually maintain the threads of continuity, and see the paths life has taken for individuals living thousands of miles apart.

    Not all relationships have to be deep and intrusive. Facebook isn’t a substitute for a full life, but in it’s early days extended the range of social interaction.

    There is a lot I don’t like about the company and it’s methods, but almost every institution and company on the face of the Earth has critics to some degree.

    I prefer to be awake, alert and careful with my participation, but realize every internet site has it’s price in one form or another.

    Currently, my Facebook activity has shrunken about ninety percent. I immediately scroll past those few I know who are in TDS mode. No point in wasting time arguing. I am subtle in trying to enlighten anyone who is open minded, and won’t bring up politics as such, but refer to economic, sociological and historical sources.

    I still like to post vacation, family, pet and home pictures and whatever catches my fancy. I am a major collector of books, sports, music and movie memorabilia and share my finds and displays. And say happy birthday to people. Simple and benign enough?

    Social media needs reform, not Luddite purity. The President uses it his way for his purposes knowing what goes on behind the curtain.

    Liked by 18 people

    • rsmith1776 says:

      We had to destroy Fakebook in order to save it.

      Liked by 7 people

    • MB224 says:

      FB was always planned to be what it became. It played possum to infiltrate. Now they’re learning the hard way that social media is more easily replace than TV.

      Liked by 7 people

    • Daniel says:

      “Politics” doesn’t ruin anything. It’s extremism. There was a time when politics was nowhere nearly as deadly as it is today. The worst we could expect were uncomfortable moments at the dinner table. Now you can’t wear a hat in public without fear of someone making an attempt on your life.

      And the “politics” in question are not about disagreements from within an agreed upon framework of the US Constitution. It’s about whether the USA is or should be a good and prosperous country. These “politics” are about whether or not the USA should be destroyed. These “politics” are an attempt at a communist cultural revolution. (It’s actually a communist cultural revulsion as it turns out)

      It’s the extremes to which they want to go in order to destroy this country — a country they don’t love, but rather hate and want to see dismantled. In short, it’s not merely political discourse, it’s subversion.

      Liked by 9 people

    • History- thanks for your thoughtful comment. I too am sorry to say that for business reasons I am pretty much forced to use FB for advertising for our local small businesses.
      Since the death of printed media like newspapers, Pennysavers and the like, there is virtually nowhere left here in suburban NY to advertise if you run a service business for example. And believe me, we’ve tried everything.
      It kills me to give money to this little creep’s company, but until something better comes along that works, we don’t have a choice. I won’t “cut off my nose to spite my face” so to speak.
      That being said, I have NEVER used FB for personal or politics and never will. The Government knows enough about me already.

      Liked by 2 people

      • covfefe999 says:

        IMO you are using facebook in the most appropriate way. facebook is good for business. facebook is bad for people because facebook is bad for privacy.

        Liked by 3 people

        • cove- EXACTLY. We have tried everything from postcards, to print ads in two remaining local papers, to flyers, etc. etc. and nothing works anymore except FB. I wish that wasn’t the case, because I do hate to support them, but right now we have no choice.

          Like

    • Deb says:

      Facebook and social media became a way to share news the MSM wouldn’t touch. When PDJT won, they all blamed themselves and started censoring. That was their downfall. Their need to “Virtue signal” and prove how anti-conservative they are.

      They were the most over valued stock in the history of the world, but everyone looked the other way because they assumed it would eventually turn large enough profits to justify it. They were stupid enough not realize that half their “engagement” came from conservative sites and pundits and groups, and when they started censoring and shadow banning they lost that customer base.

      There aren’t enough baby photos and class reunions coming up to save them from themselves.

      This was a correction.

      Liked by 2 people

    • steph_gray says:

      For TDS posts, the Hide Post button is your friend.

      Like

  6. OmegaManBlue says:

    Wasn’t it at a all time high the day before? I wonder if anyone knew before hand to get out.

    Like

  7. treehouseron says:

    They’re destined to fail because their goal is an impossible goal. They think they can police their platform but there’s no way to do that in an unbiased way.

    The only logical way to handle the situation is to ban anything illegal and delete accounts that post things that are illegal. If it’s not illegal, let anybody say or do anything.

    On a message board like this, there’s no democracy, moderators can (and should) delete or ban whoever they want, but there’s no money involved.

    Facebook is trying to monetize the platform, but that’s not going to work with the bias they use in determining what’s real news, what’s fake news, who’s account should be deleted, who’s censored, who’s not, etc.

    Destined to fail . No way to repair it.

    Liked by 14 people

    • rsmith1776 says:

      “Destined to fail. No way to repair it.”

      Sing me your sweet songs again, Ronnie.

      It was a lover and his lass,
      With a hey, and a ho, and a hey nonino,
      That o’er the green cornfield did pass,
      In springtime, the only pretty ring time,
      When birds do sing, hey ding a ding, ding;
      Sweet lovers love the spring
      Yet July will do, bada-bing, bing.

      Liked by 1 person

    • Daniel says:

      They hired zealots to do their zealotry. They zealotricised their own employer to death. The shareholders had no say in this and they didn’t want to stop it until now because they were making money. Facebook leadership are all zealots and like so many others, they put their zealot interests above all else and will even destroy their own platform in pursuit of their emotional revenge.

      I’m reminded of other stories of a smaller scale where business owners would do something stupid like the $70k/yr CEO guy. Huge and obvious mistake with predictable results. They took their businesses for granted.

      Facebook thought it was impossible to destroy and undefeatable. In a sense, they are undefeatable — they bought and/or destroyed any competition. But what they didn’t count on was this. And that idiot Zuckerberg actually SAID before congress that Facebook needs to be regulated. Turns out regulations will be their doom. The man doesn’t know business. He knows ideology.

      Liked by 2 people

      • Mark says:

        Facebook made quite a few mistakes that caused both sides of the political spectrum to hate them. First, giving and selling of information. Facebook gave information to the Obama camp when he was running for Presidency. Facebook sold information to Trump’s camp. Now both sides don’t like Facebook.

        On top of that, Facebook came out and stated that they were performing “Social Engineering” on people. Yep. If you didn’t see a friend or family member’s post, it was because Facebook hid it from you in their experimentation. That was disgusting.

        Recently, Facebook made both sides mad again. They stood up to Liberal “Reporters” and said they weren’t going to ban Foxnews. (Why “reporters” are calling for a ban on Foxnews when they should be disinterested third party observers reporting the truth is another story.) When pressed, Facebook stated that if something was reported as false, they would make sure it didn’t get distributed. BUT, they stated that it didn’t have to actually be false, that if “a lot of our audience is telling us” then Facebook would limit distribution. Conservatives have seen that policy first hand.

        I’m trying out Diaspora right now.
        https://diasp.org/i/f7061e1f084f

        Like

  8. De Oppresso Libre says:

    How old is that picture? Does Cantor occupy some do-nothing, reward position in the company for being the loyal stooge while in congress? Dorkerberg will keep a few $ Billion(s) and tell everyone else good luck…..hopefully he’ll sink it all in an algore global warming fund and lose everything – Trading Places in real life for karma.

    Liked by 4 people

  9. Guyver1 says:

    My formerly ‘Progressive’ niece, who has made the the trip from that side of the political spectrum to ours at a speed of Warp 20, has got to be dancing about Fakebook taking a haircut 🤣🤣🤣.
    According to my sister (her mom), about a week ago she was banned from Fakebook 💀.
    Her thoughtcrime? 😲😡😠.
    She made a beautiful, accurate, well thought out post against racism in all its forms, including racism against WHITE people! 😇🤗.
    So the Fakebook algorithm went ‘Ooops!!! Does not fit The Narrative!!!’ and banned her.
    Which only served to push her further to our side 😊🤗. The side of truth and freedom.
    The crazier the left gets, the more people they push to our side. Now one of my nephews seems to be starting to follow his sister out of the ‘Progressive’ plantation.
    My sister is cracking up, she says her children now sound just like their uncle 😁😂🤗😊!!!
    I hope Fakebook dies, but not before it turns tens of millions more against the left 😈😈😈.

    Liked by 35 people

  10. SickRick says:

    30 day ban, for posting a picture of a T-Shirt with Hitler and the caption “My Che Shirt Is In The Wash”. FB censors have no clue of history (or sense of irony).

    Not even CLOSE to some of the more vile things I’ve posted. Some snowflake probably got triggered and reported me – after looking at their Che shirt, and reading the description of the homicidal, genocidal racist he was in my post.

    Wrote an appeal email – never even got a response. Activated backup account. Pain in the butt.

    Now stakeholders are trying to oust Zuck. Hope he ends up on welfare. AZero sympathy, zero F’s given. Many of my 2A conservative friends have moved over to MeWe.

    Liked by 5 people

    • Daniel says:

      Che’ was on the left and EVERYONE, including Sundance here, keep pushing this idiocy that Hitler was on “the far right.” Correct me if I’m wrong, but when did the “left-right” spectrum change from the left being “government ownership and control” and the right “less or no government control”? Communism and socialism (what’s the big difference?) has always been about the workers going against the people who own and operate the means of production. And we don’t need to be reminded that the NAZI party was precisely that — a workers socialist party. The fact that there was “identity politics” involved as the mechanism and focus only goes to prove the point more clearly. Identity politics has always been that dividing of “us v them” so that the enemy is clearly defined and attacked.

      Stop calling white supremacists “far right.” It’s a lie. They want to be the government too and they want identity politics. What does that make them? Left or right?

      Please, make a case where my arguments are invalid. If I’m wrong, I want to know I’m wrong and WHY I am wrong. Please correct me.

      Like

  11. Truthfilter says:

    This is funny. I disabled my account 3 days ago. I stopped “checking” my FB account after about 8 years of heavy usage. Why? I hate it. It’s shallow, stupid, and manipulative. I especially hate their facial recognition technology.

    Liked by 7 people

  12. nbkilgore says:

    A message not so much to Snickerbird, a total rejection of the Deep State tech tools that were used to prop up Face Book and MZ puppet masters are losing their grip of control. Mark just got a rude awakening that he doesn’t have his puppet master to fight his battles anymore combined that with the fact that the we the people are no longer going to put up with his liberal BS anymore! Must be scary for him knowing his thugs no longer wield the power they had under a the lame duck 44 liberal thug. Next up Goog, Y Tuber, twatter and Amazon! Hows that bribery to the committee members that played patty cake with you during the hearings working out for you?

    Liked by 7 people

  13. Tesla Coi says:

    I really really really want to say something about where, how and why I met zuk the cuk, but I can’t. Ahem. Worse than you think.

    Like

  14. Fisher says:

    We are real life. Social media is a virus trying to infect us.

    Like

  15. I can’t say I ever once set foot on a Facebook page. Ever. Anyone’s. Ever. Never.

    Liked by 2 people

  16. StanH says:

    Good start.

    Like

  17. Publius2016 says:

    something was definitely discovered…possible links to election and/or identity theft! President has meeting later on Election Integrity.

    Liked by 7 people

  18. moe ham head says:

    gee what a shame
    wait whats a facebook again?

    Like

  19. Julia Adams says:

    On Wednesday, July 25, a low volatility trading day was the order of the day with a gradually up trending market rally peaking in late afternoon on news of the EU compromise, regarding the tariff issues. Shares of Facebook (FB) were up about 1.5% as the 4 pm close loomed. FB shares peaked at precisely 3:59 pm ET at a share price of $218.54.

    Then something happened. In the last minute of trading, a flurry of sell orders tracked a giant red gouge across the tape. The price drop took the FB share price down to $217.50 in a matter of seconds. While only a .48% drop, it is a red flag. Who was selling and why were they selling?

    In extended hours trading, the sell off in FB shares intensified as the conference call unfolded, eventually shaving 20% more off of the value of FB shares. Most Facebook shareholders woke up to the news. Many retail shareholders are users of the site. The public never stood a chance.

    Given what occurred on Thursday, it now looks like some large investors sold at what could possibly be the all-time Facebook stock high of $218.54. Were theses sellers institutional shareholders or individuals? Was Zuckerberg selling any of his shares? Could insider information have played a part? Will this occurrence ever be investigated by the SEC? By Peter Strzok’s wife who works for the SEC?

    Liked by 12 people

    • Julia- excellent post.

      Liked by 2 people

    • xbonesny says:

      My bet is that it was an angel investor who got the early news from inside. Or, it was Sandberg

      Like

    • DJ says:

      “Given what occurred on Thursday, it now looks like some large investors sold at what could possibly be the all-time Facebook stock high of $218.54. Were theses sellers institutional shareholders or individuals? Was Zuckerberg selling any of his shares? Could insider information have played a part? Will this occurrence ever be investigated by the SEC? By Peter Strzok’s wife who works for the SEC?”
      ———————————————————————————————
      Folks, there is no conspiracy and nothing to investigate. This type of trading activity is completely normal and can be found on almost any large company in the day or two leading up to earnings release.

      Now, there WAS out-sized trading that occurred in FB, but it was on the open on Thursday and that was, of course, AFTER the news so was in reaction to it and not in front of it.

      Even on days NOT just prior to earnings, large blocks will trade in the final minute or two of a trading day. Again, this is normal. It happened to IBM, Intel, AMD, American Express, and on and on. Large traders – usually institutions – make these type of trades at the end of a trading day on a regular basis.

      Like

  20. Peoria Jones says:

    There are two people in that photo with breasts. I know who the one on the LEFT is, but who is the one in the red dress?

    Like

  21. Mountaineer says:

    Yesterday on ‘The Five’, Gutfeld said: “Twitter sells conflict, Instagram sells envy, Facebook sells you.”

    I concur.

    Liked by 2 people

  22. Gary says:

    Maybe this was meant to coincide with the launch of Zuckerberg’s new investment software app…”Faceplant”

    Liked by 1 person

    • Bill Gilkerson says:

      Never use, can’t stand my sister in law parading her wonderful life in front of the world, it’s disgusting. The people who need to know me do, and don’t need to know how my bowel movements come out. Call it what it is…………….fecesbook

      Liked by 1 person

  23. covfefe999 says:

    I think facebook’s problem is that they are trying to please the people who want to suppress speech without impeding free speech. It’s never going to work. Time for the Trump government to regulate them.

    And not to be insulting, but people really need to stop using facebook and other social media as social media. All of your data is being collected and used but you are not being paid for it. It’s bad enough that our internet service providers are collecting data, but I don’t think we have much choice except to not use the internet. At least for TV many of us can do over-the-air which is what I am doing now, I am no longer watching cable TV. And Alexa and other voice devices, “smart” appliances … all gross invaders of privacy. Just stop using them. Block the cameras on your computers and phones unless you are actively taking photos. Turn off your phone data unless you are actively using it. Stop being tracked and monitored and inventoried as much as you can.

    Liked by 1 person

    • L. E. Joiner says:

      All of my ‘data’ are public anyway. I have two blogs and a radio show in my own name. I post comments regularly on political sites like this, and on special-interest forums. I buy stuff online. So retailers (e-tailers) know what I buy or look at and try to sell me more. Should I care? I like capitalism, and advertising is an essential part of it. My only concerns are that no one is stealing my bank accounts or credit cards, and no one is physically spying on me in my home. /LEJ

      Like

  24. covfefe999 says:

    Hahah! I didn’t even know about this! I looked for that image of Ryan and Cantor with Zuckerberg to find more information about it. It’s from a 2011 facebook event for the “Young Guns”. http://thehill.com/policy/technology/184017-young-guns-tout-role-of-social-media-in-government

    Did Ryan, Cantor, and McCarthy call themselves “Young Guns”?? Yes they did! In 2010 their book, titled “Young Guns: ” was published. https://www.amazon.com/Young-Guns-Generation-Conservative-Leaders/dp/1451607342 Pardon me while I grab a wastebasket and hurl. In 2010, Ryan was 40, Cantor was 47, and McCarthy was 45. That’s “young”? Sheesh. Talk about big heads. I guess things haven’t worked out so well for Ryan and Cantor, at least politically. And McCarthy is at risk of losing out on the Speaker position (I hope Jordan gets it!).

    Liked by 1 person

  25. Elwood says:

    These companies won’t survive without the deep state black budget billions.

    Liked by 2 people

  26. Dave Sanderson says:

    They sentenced me to 30 days in Facebook jail (for an anti-islamic comment on a news site; I called it “the religion of pieces” and somebody complained) on the same day their market value collapsed. Coincidence? …I think not. Mess with old guys named Sanderson at your peril, Zuck.

    Liked by 1 person

  27. Michael says:

    Mama came home from work yesterday evening and told me people are snapping up F%^ckbook.
    Not everyone thinks it’s going to stay down.

    Like

  28. As a professional analyst here’s my 2 cents and advice to clients:
    1) Fakebook is a protected monopoly. They are spies for the Deep State. Don’t look for them to fold.
    2) Fakebook’s stock is still up for the year. 1/4/18 low of 157.20 currently 176.51 That’s a good gain.
    3) Fakebook has no competitors that are viable to pressure attrition.
    4) Fakebook is widely held in mutual funds and by institutional investors. That is not changing.
    5) Fakebook has massive revenues that sustain it.
    6) Fakebook’s selloff was more Algo (computer trading on headlines) driven than institutional selling. “Fake selloff”
    THEREFORE:
    As much as I HATE this bunch of creeps the stock is a buy once this drama shakes out.

    We have to face reality. The reality is that the US Markets are largely controlled by insiders- international insiders, and the insiders make the rules. The Swamp is on it’s heels, but it’s not fallen, and the highest probability is that it will gain strength. Hopefully not in generations, but The One World idea is not dead. In fact if one believes The Bible the One World System will grow much much worse (cf Daniel and Revelation) before Jesus comes and reconciles all things to Himself. Col 1:20

    Personally I want Fakebook to crash and burn to ashes. As an analyst I don’t see it happening. 😦

    Liked by 4 people

  29. 4sure says:

    So, Zuck’s timing was “pretty good” and “legal”.

    “Last quarter as Facebook struggled with data leaks and fake news scandals, insiders at the company were selling more stock than they typically do.

    In the second quarter, top executives sold 13.6 million shares, up from 8.3 million in the first quarter, and roughly triple the amount they sold in the last quarter of 2017, according to data from InsiderScore.com.

    To be clear, insiders sold in compliance with what’s known as Securities and Exchange Commission Rule 10b5-1, a preapproved selling mechanism that is completely legal. And there is no evidence to suggest they were acting on inside information about the disastrous quarter that sent Facebook’s stock down nearly 20 percent Thursday.

    However, their timing happened to be pretty good”

    https://www.cnbc.com/2018/07/26/facebook-insiders-sold-more-stock-than-usual-in-the-second-quarter.html

    Like

  30. Mickjt says:

    Good to see Fakebook is having issues. No one else deserves it more! The good news is the board will likely ‘FIRE’ the punk Zucker.

    Like

  31. TwoLaine says:

    fakeBook is finding out what Macy’s. Starbuck’s and so many others learned. Our gang is bigger than their FAKE gang.

    #facebookisFakeNews
    #RIPfacebook

    Like

  32. Anonymous says:

    Sucks to be Zuck…

    Like

  33. nightmare on k st says:

    don’t wish death on AL-Gore, just wish he would stop making dem terrible environmental movies

    I do hear the Sirens calling John McCain though

    Like

  34. Down More Please

    Facebook is just a massive telephone operator gossip party line.!

    Liked by 1 person

  35. Small town gossip lady operation gone super nova!

    Like

  36. Small town gossip lady operation gone super nova!

    Like

  37. shipley130 says:

    I had a little dance party in my head when I heard this news this morning.

    Like

  38. American Male says:

    It’s a crying shame Zoiky isn’t headquartered in one of NYC’s tallest buildings, I’d love to see him jump out a window,

    Like

  39. Finbar O'Shaunnessey says:

    Apparently “Big Algorithm” is also quite active in redacting FOI requests at the DOJ.

    Like

  40. I don’t care for FB and don’t use it. I hate Zuck, his tactics, his smug attitude, him!

    Like

  41. jello333 says:

    I think Zuckerberg is just misunderstood, he’s actually a great guy trying to make it day to day. And here we are rejoicing in his misfortune. You’re all meanies. I’m gonna start a GoFundMe page for Mark… who’s with me?

    Like

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