may crash tomorrow.
FB just lost about 20% today after hours. Zuckerberg's net worth just tumbled 15b in 2 hours.
FB just lost about 20% today after hours. Zuckerberg's net worth just tumbled 15b in 2 hours.
Financial Markets
- Thread starter Raoul
- Start date
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In the latest episode of the United Hour Podcast, Nik (@Rood) is joined by CEO Duncan Drasdo and Financial Director Andy Green from the Manchester United Supporters Trust for a special episode on all things behind the scenes at Old Trafford including a brief history of MUST and their aims today, views on INEOS and Sir Jim Ratcliffe so far, and the Old Trafford regeneration.
Unless something else can replace it's role in digital advertising - basically a new social network or some type of new mobile app that is effective as advertising platform I think Facebook will always rebound. Of course the next new thing might be right around the corner and kill Zuckerberg's fortune overnight.
I think Facebook is the most replacable of the tech giants. They know that too, that‘s why they bought Whatsapp and Instagram. No one really needs Facebook, except for advertisers.
The other giants, Amazon, Google and Microsoft especially, are here to stay for a long time.
The other giants, Amazon, Google and Microsoft especially, are here to stay for a long time.
The only thing that can save the market is Amazon blowing out earnings and the news of the EU/US trade deal shooting other parts of the market upwards. If for some reason Amazon doesn't beat then things could get dicey.
Agreed. Zuckerberg realized there's a limit on how far facebook proper could go which is why he has been buying up small companies to diversify.
I wouldn't be surprised if Amazon did beat predictions, but I'm not sure why you think tech is so much more vulnerable than the overall market? Unless I am misunderstanding
The Dow and S&P have been very shaky since the turn of the year. Its only the Nasdaq (fueled primarily by the tech giants) as well as the rise of WTI from the mid 50s to mid 70s (which has somewhat reinvigorated energy sector) that has kept the market from a major correction.
If tech stocks become shaky, along with other instability on tarrifs and oil coming down again, we could be in for a dip.
Well I think the moronic tariffs are going to make the economy overall more shaky but I think the tech giants can come out of that better. As I said I think Amazon is going to keep growing
I was meaning to pick up some microsoft shares before the earnings report but didn't get around to it. If there's a small drop tomorrow I might jump in. I like what I'm reading about them and their long term forecast. Any thoughts on them @Raoul ?
Not sure if I would have much confidence in their long term prospects at this point. We are in year 10 of the business cycle and are due a massive pull back at some point. That might be the time to consider an entry point.
Good point. My father keeps saying that. Maybe I'll get a GIC and break it early if the market crashes. Decisions decisions
I'd like to see another tech company buy Instagram and whatsapp from facebook.
facebook needs to disappear, or at least become insignificant.
facebook needs to disappear, or at least become insignificant.
The last bit isn't likely since they still own the other companies...which they aren't ever going to sell (why would they).
feckfeckfeck
I'm buying some facebook when the markets open.
Good luck with that.
First you curse at me for wishing for an earlier recession to get rid of Trump, then you suggest something that’ll not only result in a recession but likely a meltdown.
Facebook is here to stay for a long while. There's still plenty of people who use it on a regular basis.
First you curse at me for wishing for an earlier recession to get rid of Trump, then you suggest something that’ll not only result in a recession but likely a meltdown.
Just substitute this post with the same thing I said before
In that case, same to you.
Holy crap
Yowza.
Are there any cannabis companies floated as I think it would be worth investing in now with the popularity it's gaining worldwide?
Amazon is fecking unstoppable. Always thought that the 'fight' for the world's most important company will be between Apple and Google, but Amazons seem destined to dwarf both of them soon.
There are a few here - https://www.investopedia.com/investing/top-marijuana-stocks/
No idea how strong they are though.
They've already passed Google....and are nipping at the heels of Apple. Both are quickly nearing 1 trillion in market cap.
I reckon they are risky since anybody can grow the stuff. The laws are volatile too. Here in CA all suppliers had to dump a load of product because the rules on packaging changed. The prices in Oregon nosedived because of oversupply recently too.
Amazon are literally the peak of capitalism.
Yeah, I know. They were half the size of Google just two years ago, and now are ahead of them despite Google's incredible growth. Wouldn't be surprised at all if they pass Apple this time next year, if not sooner.
And yet they cant treat their workers well
Pretty sure that Facebook is here to stay too. They have bought their rivals, and they have one of the top teams in the world when it comes to Machine Learning which is becoming (if not has already become) the most important thing on the tech.
Yes incredible growth. This was a $400 stock only 4 years ago.
[Mike Schatner]They treat their workers very well, I know because my son works there.[/Mike Schatner]
Depends which one of them. Those that are really doing the tech thing are actually treated like kings, those in low roles are treated extremely bad, with some of the stories being totally shocking. I know plenty on the first category, and no-one in the second category though, so not sure how accurate are those stories.
I think that equally worrying is also the way how they crush competition. They are killing thousands of businesses each year.
Agreed. Short of being broken up for being a monopoly they are going to continue to thrive, especially since they have diversified with all their one off acquisitions.
Bezos probably just got a few billion richer on paper.
Cheers. I'll have a sniff.
Yeah, I can see there being more downs than ups over next year or two but I think there'll be a lot of innovation in terms of how we'll use it. For example, I read yesterday that a Canadian company has brewed their first and maybe thee first ever cannabis beer.
143 billions now. He was less than 100 billions by the end of last year.
However, most likely he doesn't make the top 10 of all time (though I think that people overestimate the worth of people in the past).
He cracked 150b a week or two ago. This should push him above that mark.
It's still illegal on a federal level so I don't see how they could.
Cannabis businesses in states where it's legal have to operate using cash because of federal laws meaning they can't use bank accounts.