Stock continues to tumble while the rest of the tech sector and broader market surges on. It seems only recently they were the golden child, neck and neck with Amazon in market cap, now not even worth half as much. I was a huge believer, invested no small sum into FB (~$100k), certainly more than AMZN and AAPL and NFLX combined in my portfolio. I don't see FB platforms losing steam anytime soon (Instagram, messenger, etc.) but also don't hear about too many new game changing initiatives coming down the pipeline. Will they pull through and come roaring back with vengeance, or have we already seen "peak" FB? Are employees disgruntled due to mediocre equity performance?
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- Illumina / Other Duderin0moreIts old valuation was based on current performance plus a rosie future. After they cleared out a lot of fake accounts and then also started banning prominent conservatives that made it clear that 1) the growth probably isn’t as likely as previously thought and 2) it sent a chill through part of the user base who actually started using the platform less.
- Google Clck58I think everyone needs to chill. Reading myopic blind posts about FB has become borderline embarrassing. I've been at Google long enough to remember a time when we were the ones that were completely screwed, were a one-trick pony, and basically had no future. FB might not outlive Google/Amazon, but they still have a lot going for them. I think they have a real chance at cracking AR/VR, and they probably will make a move into living rooms soon too. Extrapolating based on a bad quarter or two is not wise.
- Amazon / Eng FjisjsnIt’s just one bad quarter and a 25% drop. Can happen to any tech co if they miss their user / earnings growth numbers. I don’t think amazon / Goog are immune from it either.