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Thu Mar 22, 2018, 11:22 AM

No sign of relief for Facebook shares after Zuckerberg apology

Source: Reuters

(Reuters) - Shares of Facebook Inc fell 3 percent in premarket trading on Thursday as an apology from Chief Executive Mark Zuckerberg did little to quell Wall Street nerves about how much a row over user data privacy will cost the company.

Read more: https://www.reuters.com/article/us-facebook-cambridge-analytica-stocks/no-sign-of-relief-for-facebook-shares-after-zuckerberg-apology-idUSKBN1GY1GI



'Please make shares go up now ... don't let them go the way of MySpace'

14 replies, 1366 views

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Arrow 14 replies Author Time Post
Reply No sign of relief for Facebook shares after Zuckerberg apology (Original post)
bucolic_frolic Mar 2018 OP
Miles Archer Mar 2018 #1
MicaelS Mar 2018 #2
paleotn Mar 2018 #3
flibbitygiblets Mar 2018 #6
Angry Dragon Mar 2018 #8
Skittles Mar 2018 #12
blake2012 Mar 2018 #13
matt819 Mar 2018 #4
bucolic_frolic Mar 2018 #5
Galileo126 Mar 2018 #7
Honeycombe8 Mar 2018 #9
LiberalLovinLug Mar 2018 #10
YOHABLO Mar 2018 #11
workinclasszero Mar 2018 #14

Response to bucolic_frolic (Original post)

Thu Mar 22, 2018, 11:23 AM

1. Unless he apologized in the last 24 hours...

...Zuckerberg did not apologize. The reporting as of yesterday...accurate...was "he stopped just short of an apology."

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Response to bucolic_frolic (Original post)

Thu Mar 22, 2018, 11:41 AM

2. It was a non-apology apology. n/t

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Response to bucolic_frolic (Original post)

Thu Mar 22, 2018, 11:52 AM

3. Regulators...

both here and across the pond need to make an example of Farcebook.

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Response to paleotn (Reply #3)

Thu Mar 22, 2018, 12:31 PM

6. Thank you! I'm shocked by how many DU'ers are defending FB.

There seems to be a disconnect, a fear of losing touch with friends and family. Which is understandable, and likely the reason FB has been allowed to get away with this crap for years. People complain on FB, post conspiracy theories, and then? Keep right on using it.

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Response to flibbitygiblets (Reply #6)

Thu Mar 22, 2018, 12:50 PM

8. not me

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Response to flibbitygiblets (Reply #6)

Thu Mar 22, 2018, 07:16 PM

12. they're afraid they would have to actually put some effort into keeping up with people

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Response to flibbitygiblets (Reply #6)

Thu Mar 22, 2018, 07:29 PM

13. Exactly. That was me until this time. I deleted. We could all easily get along without it.

 

And maybe it will make us realize how much real life we’re giving up mired in online life.

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Response to bucolic_frolic (Original post)

Thu Mar 22, 2018, 12:17 PM

4. It's highly unlikely

Maybe even impossible.

But has a company of Facebook's size ever folded? Not merged into something else. Just gone.

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Response to matt819 (Reply #4)

Thu Mar 22, 2018, 12:22 PM

5. Well it's not too big to fail, nor too unique to fail

a clone could be created in a week or two

Think Worldcom, Enron, Lucent ... so yes, big companies can fail, but those were financial problems mostly

That said, when the public turns its back anything can happen

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Response to bucolic_frolic (Original post)

Thu Mar 22, 2018, 12:40 PM

7. "We're sorry..."


Reminds me of the South Park British Petroleum apology...



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Response to bucolic_frolic (Original post)

Thu Mar 22, 2018, 03:22 PM

9. The pain, the pain. I own a bit of FB stock.

I'm glad I didn't buy more when it went down 7% the first day! Cramer warned not to buy (he had sold most of what he had before the market opened - those guys can trade 24/7).

In the long run, though, FB will be fine. I bought it with a view that I'd own it for more than 5 years.

Yeah, Cramer said BEFORE Zuckerberg spoke that sending out a representative to make some statement was NOT what Zukerberg needed to do. That Zuckerberg needed to personally come out and address the situation."

After Zukerberg made his statements, Cramer pointed out with disappointment that Zuckerberg didn't do what he needed to do, so the stock would continue going down.

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Response to bucolic_frolic (Original post)

Thu Mar 22, 2018, 03:54 PM

10. Couldn't a competitor rise up

And promise that they would forbid the kind of algorithms used on FB? That this kind of targeted marketing where you are only fed information along with those ads, that the algorithm thinks you want to see. And so can be manipulated by outside forces? Yes they may not make as much money with targeted ads, but how much do they need to earn? If a company was okay with only making millions instead of billions, but had more stability and security and so gained popularity that way, why not?

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Response to bucolic_frolic (Original post)

Thu Mar 22, 2018, 03:57 PM

11. Prediction: Facebook lives! People are too ingrained.

 

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Response to bucolic_frolic (Original post)

Thu Mar 22, 2018, 07:35 PM

14. He's a lying bastard in bed with Bannon, Mercer and the ex CEO that was setting honeytraps

 

and blackmailing pols into pushing fascism in the USA and worldwide!

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