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What do you guys think of everything that's happening with Facebook?

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Heeeeeeeeey Robert Mueller, are you investigating this?
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Out of all the BS that's happening with FB. The absolute most intriguing part to me is the way they went public with it. They strictly used traditional media. Newspaper and TV!!!! Is that a little freaking odd or what???

I think it's a kiss ass thing.
Nothing tells your investors you're taking it seriously more than buying a whole page of the New York Times for an apology.
This ad slot costs about $150,000 and is really just a statement that gets coverage from every other network.

https://www.theverge.com/2016/11/2/13497766/slack-microsoft-teams-new-york-times-ad
http://nationalpost.com/entertainme...-street-journal-for-denying-armenian-genocide
http://www.syracuse.com/tv/index.ssf/2017/07/fox_news_new_york_times_newspaper_ad.html
https://www.buzzfeed.com/ilanbenmei...criticizing-us?utm_term=.nqlZ12edL#.qtD6QOj3p

The TV was just so Zuck could show everyone how remorseful he was with those alligator eyes

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July 26, 2018
New York City, USA

As you you’ve no doubt seen by now, shares of Facebook plunged around 19% this morning.

In fact it was down as much as 25% in after-hours trading, wiping out $120 billion of wealth in a matter of minutes.

To be clear, that is the largest single-day loss of value ever seen in the history of the world.

(And Mark Zuckerberg’s net worth fell by $17 billion as a result… though I doubt he’s going to be missing too many meals anytime soon.)

The company announced disappointing earnings and slowing growth, which spooked investors.

And while most of the mainstream media is focused on what this means for Facebook and other tech stocks, I’m much more concerned about what this means for all assets.

In fact, I think today marks a MAJOR turning point for the “everything bull market” that’s been going on for ten years.

Stocks in particular have been rising for years, led primarily by the most popular “FAANG” tech companies-- Facebook, Apple, Amazon, Netflix, and Google.

These companies have been pushed to absurd limits.

Netflix is always a great example: the company loses billions of dollars each year and burns through shareholders’ money, yet the market has constantly pushed its stock to new heights.

Then one day Netflix reported less-than-stellar growth, and the stock tanked. Poof. Billions of dollars of shareholder wealth vanished in an instant.

Now it’s happened to Facebook.

This is an important lesson: when a bubble bursts, there can be a lot of pain… very quickly.

By the way, it’s useful to point out that the FAANG companies have essentially been propping up the entire stock market.

Other sectors, like banking, pharmaceuticals, transportation, homebuilders, etc. have all been struggling.

But because these FAANG companies comprise such a disproportionately large share of a stock index like the S&P 500, the strong performance of just those five companies has lifted the rest of the market.

Now, the invincibility of at least 2 out of those 5 high-flying tech companies has been pierced.

Think about that: investors have lost confidence in 2 out of the 5 companies that have almost single-handedly been propping up the rest of the market.

That’s a pretty compelling sign that the top may be behind us.

It’s not just stocks either: take a look at real estate, which has also been in a bull market for most of the last decade.

Just recently the US Census Bureau and Department of Housing and Urban Development announced that new home prices in the United States continued to slide for the third straight month, to a level not seen since February 2017.

Sales of new homes have dropped to an 8-month low.

Now real estate is extremely local; the market in San Francisco is entirely different than in Tulsa.

But, nationwide, there’s strong evidence to suggest that real estate is either in decline… or grinding to a halt.

This makes sense when you step back and look at the big picture. Nothing goes up in a straight line forever. Not stocks. Not real estate. Not anything.

There always have to be periods of corrections… booms followed by busts.

And when you see so much compelling evidence that a bust is coming, it makes sense to find intelligent ways to sit on the sidelines… because there will be phenomenal buying opportunities to come.

To your freedom,

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Simon Black,
Founder, SovereignMan.com
 
Facebook to Banks: Give Us Your Data, We’ll Give You Our Users
Facebook has asked large U.S. banks to share detailed financial information about customers as it seeks to boost user engagement
https://www.wsj.com/articles/facebook-to-banks-give-us-your-data-well-give-you-our-users-1533564049

Where's the MSM on this one, will it hit? Doubt it... it should finish a company off but probably not in this case. If I wasn't in advertising I'd delete my fake account.

Facebook: Hey Can We Pretty Please Maybe Have Lots of Your Banking Information Too?
https://gizmodo.com/facebook-hey-can-we-pretty-please-maybe-have-lots-of-y-1828150440
 
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I think how FB handles issues is pretty spot on compared to other companies...think how United handled their passenger issues. Some people think they're evil, I don't share that POV. I think, relative to other in the same vertical, they are much more open. On the dealer front, FB has some great tools to leverage to connect w/ shoppers.
 
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