Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

bucolic_frolic

(42,665 posts)
Thu Mar 22, 2018, 11:22 AM Mar 2018

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 = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
No sign of relief for Facebook shares after Zuckerberg apology (Original Post) bucolic_frolic Mar 2018 OP
Unless he apologized in the last 24 hours... Miles Archer Mar 2018 #1
It was a non-apology apology. n/t MicaelS Mar 2018 #2
Regulators... paleotn Mar 2018 #3
Thank you! I'm shocked by how many DU'ers are defending FB. flibbitygiblets Mar 2018 #6
not me Angry Dragon Mar 2018 #8
they're afraid they would have to actually put some effort into keeping up with people Skittles Mar 2018 #12
Exactly. That was me until this time. I deleted. We could all easily get along without it. blake2012 Mar 2018 #13
It's highly unlikely matt819 Mar 2018 #4
Well it's not too big to fail, nor too unique to fail bucolic_frolic Mar 2018 #5
"We're sorry..." Galileo126 Mar 2018 #7
The pain, the pain. I own a bit of FB stock. Honeycombe8 Mar 2018 #9
Couldn't a competitor rise up LiberalLovinLug Mar 2018 #10
Prediction: Facebook lives! People are too ingrained. YOHABLO Mar 2018 #11
He's a lying bastard in bed with Bannon, Mercer and the ex CEO that was setting honeytraps workinclasszero Mar 2018 #14

Miles Archer

(18,837 posts)
1. Unless he apologized in the last 24 hours...
Thu Mar 22, 2018, 11:23 AM
Mar 2018

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

flibbitygiblets

(7,220 posts)
6. Thank you! I'm shocked by how many DU'ers are defending FB.
Thu Mar 22, 2018, 12:31 PM
Mar 2018

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.

 

blake2012

(1,294 posts)
13. Exactly. That was me until this time. I deleted. We could all easily get along without it.
Thu Mar 22, 2018, 07:29 PM
Mar 2018

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

matt819

(10,749 posts)
4. It's highly unlikely
Thu Mar 22, 2018, 12:17 PM
Mar 2018

Maybe even impossible.

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

bucolic_frolic

(42,665 posts)
5. Well it's not too big to fail, nor too unique to fail
Thu Mar 22, 2018, 12:22 PM
Mar 2018

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

Honeycombe8

(37,648 posts)
9. The pain, the pain. I own a bit of FB stock.
Thu Mar 22, 2018, 03:22 PM
Mar 2018

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.

LiberalLovinLug

(14,153 posts)
10. Couldn't a competitor rise up
Thu Mar 22, 2018, 03:54 PM
Mar 2018

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?

 

workinclasszero

(28,270 posts)
14. He's a lying bastard in bed with Bannon, Mercer and the ex CEO that was setting honeytraps
Thu Mar 22, 2018, 07:35 PM
Mar 2018

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

Latest Discussions»Latest Breaking News»No sign of relief for Fac...