News for hackers. Stuff that matters.
Re:Tech Unicorns Are Going Public at Near-Record Pace by grey-area on Wednesday December 19, 2018 @04:11PM (#18719684)
Facebook lost 7% of their value in one day today.

I don’t use them, perhaps I’d feel differently if I did, but they seem very vulnerable to me given their revenue is ad based and they have massive credibility and reputational problems amongst both advertisers and readers. Google has a broader base but are still vulnerable as the money comes from ads, and that can dry up quickly.

Re:Tech Unicorns Are Going Public at Near-Record Pace by cobookman on Wednesday December 19, 2018 @04:27PM (#18719841)
Even if Facebook has a 50% reduction in rev, they'd likely be breaking even, and not touch their massive cash reserve.

2017 earnings:

* 40B of Rev

* 5.5B cost to rev

* Gross profit of 35B

* Operating Income of 20B

https://www.nasdaq.com/symbol/fb/financials?query=income-sta...

Re:Tech Unicorns Are Going Public at Near-Record Pace by grey-area on Wednesday December 19, 2018 @05:37PM (#18720534)
Thanks for the figures, maybe they are too big to fail at this point. I’ll be interested to see how they weather the coming downturn and multiple scandals.