They make $200/year per user in North America, all 250 million of them. Cut that to 1/3 and their value as a company is far lower, but they still make more per user than a subscription service like Netflix. Now, you can say "nobody thought that ARPU was sustainable", but they have a long history of making unbelievable numbers bigger.

Their real mistake was not pushing to own the entire vertical stack, building unassailable moats like Google and Apple. Oculus is that bet, and other companies like Valve are pursuing similar strategies.

On a 3 month chart FB is down 10% from start to now.

That's hardly "epic".

And the NASDAQ composite is down 13% in the same time frame.

That's a pretty selective lookback. The big slide was 4 months ago. If you look at trailing 6 months, FB is down 40%, vs down 10% for S&P500 or 23% for NASDAQ.

-44% ytd lol

why write something in bad faith?

Tech as a whole is down 27% over that period, which means $FB underperformed but not by a whole lot.

QQQ is down 23% ytd so they underperformed the Nasdaq 100 by 2000 bps. that is objectively “a lot” especially for a mega cap.

Why assume bad faith?

You said "past few months" and so I quickly pulled up a 3 month history which is a dropdown option in the UI I was looking at. I replied with what I saw.

anyone who follows the stock market will not accuse me of being hyperbolic about FB’s stock plummeting in recent months, and yes 5 months is also “a few” lol…

10% is about what everyone in today's economy seems to be doing. it's the bigger slide from Apple blocking their tracking that should be more worrisome than a natural economic hiccup

Everything is going down right now. -10% over the last 3 months doesn't seem that epic to me.

-44% ytd is epic

It seems wildly disingenuous to talk about 3 months when the initial Facebook crash was after their earnings call 4 months ago.