Facebook shares rise as investors focus on earnings beat and look past whistleblower document dump

[A_Woman_from_MI]

Source: CNBC

Facebook investors shrugged off the massive ongoing document dump on Monday and instead focused on the company’s third-quarter earnings, which topped analysts’ estimates.

The company said it’s adding $50 billion to its stock buyback program, helping lift the shares about 2% in extended trading.



Read more: https://www.cnbc.com/2021/10/25/facebook-fb-q3-earnings-report.html

[Skittles]

1. they know people don't care

as long as FB makes it "easy to keep up with family and friends", people don't give a fuck

[A_Woman_from_MI]

2. So sad. So true.

Yay for Wall Street, though.

[cstanleytech]

4. Don't you mean "sheeple"?

[Skittles]

6. no

sheep don't know, these folk know but DO.NOT.CARE.

[cstanleytech]

8. Sheep are actually pretty smart but they tend to gather together and are easily herded.

Thus the term "sheeple".

[Skittles]

9. it absolutely sickens me how many people were sucked into the FB Borg

easily led, indeed

[cstanleytech]

10. Well to quote Agent Kay from Men in Black.

"A person is smart. People are dumb, panicky dangerous animals and you know it."

[turbinetree]

3. the greed mentality of good is all that matters....

[Cheezoholic]

5. I cant stand FB but

it is free to use their service. Im sure their TOS explains data usage but nobody reads that contract. All internet sites use logarithms to pump advertisers towards users that may be interested in their products. Its been that way since the 90's. I had a website that got several thousand hits a day in the late 90's. I made about a hundred bucks a month from advertisers via click throughs. Yes FB is a bastardization of the concept but it is how it works, always been how it worked. I dont like it, actually I despise it. However I have a hard time when it comes to government regulation of FB, when it comes to what I believe is government overreach into FB's business model. FB isnt big tobacco, it's not Ford selling Pinto gas bomb cars. Its free. If the government intervenes into a free service I get afraid that government will be able to intervene in any and all aspects of individual privacy, profit driven or not. This is a new and very scary arena in my opinion.

[Skittles]

7. FB helped give us Donald Fucking Trump, and is helping to prolong the pandemic

don't think they do any DAMAGE

[2Gingersnaps]

17. Absolutely!

...........so, business as usual. Just in case you ever wondered who watches WWE and reality TV, and ever actually kept up with the Kardashians.

[Cheezoholic]

23. Highway Billboards sold billions of cigarettes'

I mean, individuals need to assume responsibility at some point.

[Skittles]

24. the difference is

for example, we never had people regularly posting on DU how HOW GREAT cigarettes are and how they HAVE to use them, CANNOT LIVE WITHOUT THEM

[dalton99a]

25. +1. Countless people are killed by the lies and hatred they help propagate

[bucolic_frolic]

18. A public nuisance spreading lies is still a public nuisance spreading lies

[JohnSJ]

11. No one is forced to use Facebook.

[gab13by13]

12. The headline is a lie,

Facebook shares rose because Facebook bought back billions of dollars in stock, period.

[Roy Rolling]

13. +1000 👆

Ignore the news, that’s what they want you to hear.

And if they want you to hear something, it’s because they want your money—the same way they got it from advertisers next to morons sharing articles about their cult of political worshippers.

Funny how the obnoxious and loud moral religious people are worshippers of power and not their God.

[Miguelito Loveless]

14. As long as people, especially people on this site

who know better, keep making excuses for using FB, they will prevail. FB literally has the power to topple governments, and I routinely read people defending their use of the instrument of our destruction.

[GusBob]

20. How many FB users world-wide are there?

And you are blaming DUers who use FB? Thats foolish

Message to you pal: I enjoy using FB and will continue to do so as I please. I dont need to present any excuses

And there is not too much anyone can do about that, is there?

[Miguelito Loveless]

22. No, there isn't.

People will insist on being foolish, and literally helping our enemies.

[turbinetree]

15. Fucking Greed.....and what that platform did during, before the insurrection I hate Wall Street

no wonder this country is in a world of shit....and now its happening in India....JFC....

[Joinfortmill]

16. Short term thinkers.

[twodogsbarking]

19. Stock price up.

Mission accomplished.

[onecaliberal]

21. People are awful.