stock fell as much as 8% as the market opened Thursday after it reported fourth-quarter earnings Wednesday evening.
The drop erased more than $50 billion from the social media giant's market cap, which now sits below $600 billion.compared to its total in 2018. The expenses were largely related to the company's privacy and security improvements. That coincides with a drop in the company's operating margin, which fell from 45% in 2018 to 34% in 2019.
In addition to the increased expenses, Facebook also warned of advertising headwinds related to privacy and regulatory changes on the horizon, leading to slowing growth in the U.S. Facebook said privacy improvements on
This one he is demonic; he got serpents in him from the Marine Kingdom. His business facebook is controlled by demons; electronic demons. This is why people are hooked; it is a form of bewitchment on all social media. 😖😩😱😯
My space somewhere
Bye bye Facebook
ClemensenGary Excellent
Just me or Zuckerberg looks like Data from Star Trek in this pic. Is he wearing a toupee?
Good! That is a big fat joke
Facebook will go the way of the dodo, but not before costing stakeholders everything they’ve got in the company. Get out while you can.
majorityfm For reference, at a rate of $5,000 per day it’d take 500 years to get to just $1 billion... Money we could be spending solving Flint’s water crisis, guaranteeing healthcare for all, sheltering the homeless, transitioning to green energy... But it’s wasted in pursuit of profit.
Good news
FB was a novelty. It’s over.
This is why, they ask SenMikeLee to push an 🇮🇳India-First bill 🇮🇳S386, to greencard more Indian IT workers to displace Americans! NoS386
Facebook & MarkZuckerburg_ are losers, why would anyone invest in Socialist MediaBias bullying .
Facebook is in a position that no matter what it does, someone is going to be pissed off depending on their political views, identity politics, social views and pretty much anything that anyone will get offended about. Not to mention them giving up your data and information.
Imagine if Facebook actually ended up going under from its own greed and mismanagement along with its censorship issues and questionable ethics. I can imagine that whole generations will have some sort of meltdown because they will have to go to traditional communications medium
Short and real the rewards.
Good... Zuckerberg is a scumbag
The beginning of the end for the platform and there will be many more to follow by their simple participation. You can only take advantage of people but for so long before karma sets in.
HeadlineHOUSE Good
GOOD! Hit Zuckerberg where it hurts! All he cares about is money and is helping foreign countries to interfere with our elections by allowing bots and disinformation!
Davidlaz Good
Imagine if they paid taxes.
kat_pep_ Haha, couldn't have happened to a more-deserving company. DeleteFacebook
So is it food stamps for Mark now? Lol.
How’s that fake political ad business?
Good.
majorityfm
Creating a buying opportunity.
DeleteFacebook
I report all ads on FB as spam
Good start.
DeleteFacebook
Only a bunch of hacks like CNBC would write an article about a stock plunging and not give the stock price.
DeleteFacebook
Best news in a long time. Facebook is the Nazi propaganda pamphlet of today. But reaches billions instead of thousands. DeleteFacebook
Good. Z is clearly now a delusional Republican. He's drunk the Kool-Aid and is a cult member for the serial lying squatter in the WH.
DeleteFacebook SaveDemocracy
Couldn't happen to a more deserving corporation. facebook
Good! long overdue
Zuckerberg needs to realize that you can't support and help a criminal or you lose the support of the majority of Americans! I hope Facebook stocks continue towards the drain!
Bye
May have something to do with Zuckerberg behaving like a tinplate dictator. He also lacks wisdom and sensitivity.
I deleted my Facebook account years ago. I feel so much better. 😁
Your telling me my information is worth less today? Shit, I need to add more content to bring my value back up
I just officially deleted my two accounts last night. Did I do that? 😂
Best news all week!!
Zuckerberg is Trump’s Goebbels.
Finally.
WOW....On an 800lb gorilla who is profitable..... I would have a small portion of my wealth in Crypto Bitcoin to balance out the depredations of a non-free, wallstreet shorting cabal with billions in Darkpool cash. $spy $FB $aapl $btc $eth
who even uses the russian sponsered website anymore?
Cool.
51% rise in costs = Exorbitant salaries for Zuck and his minions
Did he upset Soros?
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Source: CNBC - 🏆 12. / 72 Read more »