Facebook stock drops more than 20% after revenue forecast misses

Re:Facebook stock drops more than 20% after revenue forecast... by bradenb on Wednesday July 25, 2018 @07:24PM (#17613833)

I think the stock price is finally catching up to reality and public perception. I've noticed a huge resistance to using Facebook in recent years within my social sphere. Professionally, I'm one of the few that I know that still use the service; I think it's FOMO keeping me on, but I find it extremely difficult to add content to my profile and find myself mostly acting as a passive consumer of others' content.

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Re:Facebook stock drops more than 20% after revenue forecast... by mattbeckman on Wednesday July 25, 2018 @07:30PM (#17613857)

Install Newsfeed eradicator and then remove the app from your phone. Brought me down to maybe check the site once every couple weeks for notifications.

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Re:Facebook stock drops more than 20% after revenue forecast... by rajataghi on Wednesday July 25, 2018 @07:54PM (#17613992)

But the thing is that the same people resisting Facebook are spending more and more time on Instagram....which is owned by facebook.

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Re:Facebook stock drops more than 20% after revenue forecast... by astronautjones on Wednesday July 25, 2018 @08:32PM (#17614207)

but ig is so much harder to advertise / convert on

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Re:Facebook stock drops more than 20% after revenue forecast... by robjan on Thursday July 26, 2018 @02:59AM (#17615564)

Pretty much anyone who has a brand that targets millennials advertises on IG. I see dozens of Kickstarter products and re-targeting from e-commerce around the web.

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Re:Facebook stock drops more than 20% after revenue forecast... by mrep on Wednesday July 25, 2018 @09:36PM (#17614461)

They have over a billion daily active users. That is more than the EU and the US COMBINED! Any personal opinions about a product are practically useless when your customer base is that freaking large and diverse.

Edit: I avoid facebook like what seems like most other people here on hacker news but my point is that hacker news is in no way shape or form representative of the global population.

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Re:Facebook stock drops more than 20% after revenue forecast... by randomsearch on Thursday July 26, 2018 @01:15AM (#17615213)

DAU != people.

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Re:Facebook stock drops more than 20% after revenue forecast... by GranPC on Wednesday July 25, 2018 @09:51PM (#17614530)

> That is more than the EU and the US COMBINED

Source? From two quick Google searches it seems like the EU and the US Z combined make more than 1bn users.

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Re:Facebook stock drops more than 20% after revenue forecast... by mrep on Wednesday July 25, 2018 @09:55PM (#17614549)

According to Google search for EU and US populations:

EU population: 508 million people

US population: 325.7 million people

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