No one hit harder than Zuckerberg himself - a US$16B hit on the day for him from reports I read earlier (seems a bit steep for a half trillion dollar company). "Oh well, long term hold" I think he would say.
Friday, July 27, 2018
Facebook Debaucle; What Goes Up...Does Not Always Go Up
Many "investors" asked throughout the day as they turned on to their CP24 "news" source and discovered Facebook shares being hit hard. As a result of a terrible quarter (yes "investors", publicly listed companies do this sort of thing four times a year, you have to keep an eye on it), deteriorating guidance on future advertising revenues (this is how Facebook makes money "investors", not because everyone is just using it), and a realization that growth cannot last forever.
No one hit harder than Zuckerberg himself - a US$16B hit on the day for him from reports I read earlier (seems a bit steep for a half trillion dollar company). "Oh well, long term hold" I think he would say.
No one hit harder than Zuckerberg himself - a US$16B hit on the day for him from reports I read earlier (seems a bit steep for a half trillion dollar company). "Oh well, long term hold" I think he would say.
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