Facebook loses over US$100 billion in two hours

Get our headlines on WHATSAPP: 1) Save +1 (869) 665-9125 to your contact list. 2) Send a WhatsApp message to that number so we can add you 3) Send your news, photos/videos to times.caribbean@gmail.com


https://cpchawaii.edu/lptf/papers.php?rewriter=abstract-on-a-essay-examples source site viagra les prix doxycycline hyclate 100mg price walmart case study sample for students http://cappuccino.ucsd.edu/how/afecta-el-viagra-en-el-embarazo/100/ https://www.elc.edu/school/anger-essay-conclusion/53/ lasix medicine for dogs https://cadasb.org/pharmacy/is-diovan-stronger-than-cozaar/13/ sample essay for peace corps case study format theme of ambition in macbeth essay cuanto tiempo antes se tiene que tomar el viagra sociology homework help source url how much does it cost to get a propecia prescription 3.5 paragraph essay https://vabf.org/reading/academic-essay-editing-services-online/250/ essays expository definition watch vaginal premarin here essay on alexander hamilton essay on child labour english essay on teaching strategies event that changed your life essay college application essay discrimination popular movie review editing services ca https://www.pugetsoundnavymuseum.org/paraphrasing/psychology-coursework-gcse-conformity/24/ viagra facial pain kamagra 100 side effects click here By BBC


(BBC) – Facebook shares opened sharply lower on Thursday, after the social media network warned investors of slowing revenue gains and increased spending.

The firm’s shares opened down nearly 20%, a drop that wiped more than $100bn (£76bn) off Facebook’s market value.

The fall also dragged down the tech-rich Nasdaq share index, which was almost 1% lower.

Facebook’s forecast came as the firm faces a backlash over its handling of fake news and user data.

The company said it expected to boost spending by 50% or more, as it tries to improve the way it monitors content, tracks advertisers and treats user data – areas where it has faced regulator scrutiny.

The firm also warned investors that revenue growth would be hurt as people make use of new options to limit advertising and less profitable overseas markets drive growth.

Facebook, which also owns Instagram and WhatsApp, said its margins would shrink to the mid-30% range, from about 44% in the most recent quarter.


The concerns, despite Facebook’s year-on-year revenue growth of more than 40% in the most recent quarter, appeared to infect some other technology stocks.

Twitter, which has faced similar criticism to Facebook and is due to report quarterly results to investors on Friday, was down about 3%, as was Snap, the social messaging service.

Other companies proved more resilient.

Alphabet, which owns Google and YouTube, and also relies on digital advertising, was down less than 1%, while music streaming service Spotify gained almost 1%, after reporting stronger than expected user growth.

Many of the factors affecting Facebook are unique to the company, said Daniel Ives, chief technology officer at GBH Insights.

The firm has been in the spotlight for its involvement with data firm Cambridge Analytica.

Facebook has also changed the news feed to emphasise posts from family and friends, tweaks that chief executive Mark Zuckerberg had previously cautioned would affect profitability.

Analyst Richard Greenfield of BTIG Research wrote in a note that investors were “overreacting”.

He said Facebook remained a rich opportunity for advertisers, and the investments it is making should drive long term growth.

“We were pretty stressed out during Facebook’s Q2 2018 conference call and could sense the fear/panic in investors voices afterwards,” he wrote.

However, he added: “Mobile is eating the world and Facebook is a core holding to benefit from that shift.”

Leave a comment

Social Share Buttons and Icons powered by Ultimatelysocial

Enjoy this blog? Please spread the word :)