Current Events and Scattered Scribbles
Comment 1

Faceplant

Facebook took a hit on the stock market, like big time, record setting stuff. I’d like to take credit for that, since it came within a week or so of my announcement that I was Phazing Out Facebook, but I’m not sure that I have that much influence.

The core problem appears to be decelerating revenue growth, fuelled by user base stagnation in Europe and the US, where Facebook makes the bulk of its advertising revenue. During the earnings call the company revealed that growth would continue to slow down throughout the second half of 2018, moving the company from a long period of “hyper-growth” (more than 40% year on year) to just high growth.

It’s the biggest ever one-day drop in a company’s market value, falling from a record high of $619bn on Wednesday to just $501bn in early trading on Thursday.

from Facebook Stock Price Falling

1 Comment

  1. Joy Erdman says

    If the movement of a butterfly’s wings on one continent can cause a tsunami on another continent, well then maybe….. maybe you did this. Do you feel badly about destroying something so socially important?

    Liked by 1 person

Share your thoughts

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s