I'm buying Facebook and I'm sure there are others like me.

[politicaljunkie41910]

Facebook reported respectable returns yesterday and only missed one metric by a few cents and that was Earnings Per Share (EPS) and the Finance Community thought that was probably manipulated by them so as not to look like they were boasting during a time when everyone is pissed off at them. Those who are buying are doing so at a 25% off sale. The company still made oooodles of money this past quarter is is still the most successful company ever employing thousands. The investment community knows to buy when the inexperienced are selling. How often does that happen? I just wish I had more to invest.

[Moostache]

1. And how bullish are you on "MySpace"?

Facebook may rebound....or it may be a complete death spiral or anywhere in between.

I am rooting for a total collapse because I believe the only thing it has done is make the world meaner and coarser with so many hiding behind anonymity and keyboards and firing off streams of hate and disinformation...they deserve to disappear.

[oberliner]

5. America Online and Compuserve are also poised for comebacks

[democratisphere]

27. I wish you would STOP with the insider trading tips.

You are going to ruin it for the rest of US!

[California_Republic]

51. Xerox is looking good

[EndGOPPropaganda]

58. BASF during 1940s, Philip Morris during 1990s.

Facebook is a weapon for mass persuasion. It was misused. Worse it was designed to be misused.

[OilemFirchen]

60. I'm partial to Sears.

132 years old! What could go wrong?

Big fan of Kmart, as well. Which happens to own Sears. But as Sears Holdings. Which is owned by Sears. Or maybe it's the other way around.

[rzemanfl]

62. I once encountered an eldery gentleman who bought $750 in Haloid stock. Haloid became Xerox.

He became quite wealthy.

[democratisphere]

67. They say the paperless office is coming..............

soon?

[politicaljunkie41910]

23. I have a Facebook page but never use it. My kids insisted I get one so they had one central place

for family messages and to post family photos. But I still didn't get one. I was forced to open one when my 25th High School Reunion committee insisted on putting all the Reunion info and sign ups, and updates in ONE PLACE and that was Facebook. It worked smoothly and that was my sole reason for establishing that account and not much has changed since then. Now I mainly use it for updates on my Grandchildren that their parents post. My cell phone tells me when there are updates and I can see them right there on my Iphone. Mark Zuckerberg did not become a billionaire off of people like ME. I assure you.

[Demovictory9]

26. lol. whatever happened to mYspace?

[onenote]

32. I think it still exists.

[Control-Z]

59. Yeah. It's there.

My kids go there every now and then. It's like a walk down memory lane. They were very young when they used it so the pictures there, in braces and and what not, are fun for them to see.

[onenote]

30. The comparison to MySpace is a bit inapposite

MySpace failed because Facebook came along with a platform that had much broader demographic appeal and commercial viability than MySpace. At the moment, I'm unaware of any platform that offers the broad demographic appeal of FB.

But maybe you know something I don't.

[Moostache]

31. If I told you...it might be insider trading...LOL (n/t)

[crazycatlady]

41. How about Friendster?

[Anon-C]

2. You're so full of win!

But I'm never coming back.

[samnsara]

3. i know a good sale when i see one!

...but its kinda overpriced anyway....

[BannonsLiver]

9. Kinda?

Way overpriced even at $176. Where's the innovation? Where do they go from here? How will it be different 5 years from now, than it is now?

I have no idea. And wouldn't bet a nickel on them figuring it out either. And frankly, I hope they don't.

[politicaljunkie41910]

34. Yes it's priced high, but my money isn't earning anything sitting in the bank gathering dust.

Longevity runs in my family, and I expect I will live a long time in retirement and I've been very good at saving and it just wasn't paying off sitting in an account. I was always a saver and invested 10% of my earnings starting way back with my first job and worked my way up when I could in my 401K when those programs began at work, and continued after our kids were out of the house and we were finally empty nesters with our house nearly paid off. Banks haven't paid any interest in more than a decade and I can afford to take a risk and invest a little something in the Market now. I hope to be able to leave something for my children. Home prices are higher for their generation, and saving for down payments isn't easy for their generation. Employer pension plans have gone by the wayside and been replaced with 401K plans that force them to contribute while trying to pay off student loans and save for down payments. I get it. I've been there. I just feel blessed that I have set an example for my children to follow by my example of paying yourself first on payday and they have become savers too.

[ProfessorGAC]

63. Index Fund

FB is high risk
Money gathering dust is safer than a peaked out company with PR issues
A SAFE index fund will get you nearly 6%

[BannonsLiver]

65. That's all well and good

But there are other fish in the sea.

[NCTraveler]

4. Daily active users was flat in the last quarter.

In some regions there was a loss in daily active users. Their operating margin is expected to drop double digits in the near future. The revenue growth rate dropped significantly last quarter.

The company, for the most part, just had it's value adjusted.

This is not a stock I would get into at this point. I don't think it was just unrealistically devalued and there will be a consistent slide in growth.

[MountCleaners]

28. i find it unreadable

I only have it because I have family on it, and they seem to think that there must be something wrong with you if you don't have a FB. Wrong, as in depressed or sick or something bad happening.

Other than that, I find it getting more and more unwieldy. I don't even enjoy reading political memes by people I agree with. I only read it for the dog videos my mom posts.

I think a lot of people use it because they just don't get the internet. I've heard so many relatives refer to someone's FB "web page". As if that's the only thing on the web.

[TeamPooka]

6. You can buy Confederate money and Third Reich marks too. Good deals on all of them

[Snellius]

7. Actually agree.

The privacy changes in the long run will make it more solid and it's still the only viable platform for many forms of net exposure, especially for business. Snapchat and Instagram, while better for the young and mobile, have real limitations and Twitter has major problems of its own.

[politicaljunkie41910]

43. And doesn't Zuckerburg own Instagram and Snapchat?

[Snellius]

49. Jeez, I completely forgot. All your base are belong to us.

BUT, re-evaluating, the major problem with Snapchat and Instagram, like with original Fb, is that they don't have a lot of problems, that is, ads. That was Zuckenberg's great idea: throw a big party and invite everyone to come and give them all free food and drinks, and it will be great and everyone came. But then he realized "how do I keep paying for all this?" Still, Z can lose a lot and still be richer than God. Z always hated ads. It turned people off. So he did a lot of unethical data trafficking to fudge the bet.

Fb is easy to hate because it's reached the point of critical mass. If there's an internet, he will a major player. Even if he goes paid subscriber like Netflix. As a stock pick, when everything's more or less settled, this is a classic sell hysteria. Look at the reactions to this post. It's still a solid investment.

On edit: not sure who owns Snapchat. I always thought Instagram was Z's Snapchat killer. But they really don't do the same thing.

[OilemFirchen]

56. Zuckerberg does not own Snapchat. (n/t)

[politicaljunkie41910]

61. You're right.

[JNelson6563]

8. I can't imagine supporting that shit with actual money.

But then again I can't bring myself to profit off of defense stocks or private prisons either.

[politicaljunkie41910]

25. It's will be my children's inheritance. I'm sure they will be happy to have it.

[NightWatcher]

10. I hear the future is Plastics

[miyazaki]

22. Rolf. It's also in burritos apparently.

Chipotle stock at 450 or so a share. We all know how big the food service industry is but when essentially a burrito stock with a sordid history of food poisoning is valued like this I know society is ass backwards.

[NightWatcher]

46. Chipotle is nasty. I don't understand who eats there. Do they need more food poisoning?

[hlthe2b]

11. Right after I invest in guns, tobacco, private jail contractors and the Republican party....

Ummm. no. I have a conscience.

[JCMach1]

12. See AOL circa 1999...

[Tipperary]

13. Plenty of people post memes and posts from fb on here. I saw four yesterday.

Duers are certainly consumers of fb.

[A HERETIC I AM]

15. Of course they are

Because just like me, the majority of DU'ers are old farts.

And Facebook is easy to use and appeals to old farts.

Simple.

[Tipperary]

19. Lol. Spot on. And keeping fb moving along. All the while complaining about it!

[onenote]

33. And yet, as my friends' kids get older and get married and have kids

I have found that a number of them are joining FB and friending not only their peers but some of us old farts they knew as friends of their parents.

[JNelson6563]

17. DU isn't exactly representative of the masses.

It struck me recently what it is DU reminds me of these days. When I was a young adult I was always out in the world having lots of adventures. I'd stop in and see my parents and tell them of all the new and exciting things happening in the world and they would enjoy it. That's like DU. People bring Tweets and FB memes here and everyone reacts to the "new" or whatever. In fact, not long ago, while still using FB I was often struck by the fact that I needn't bother going to FB because I could just come here and see the same stuff.

[Tipperary]

20. oh, i know that. It just makes me laugh to see how many here talk fb down while using it and

linking to it regularly.

[Power 2 the People]

14. Very few teens and early 20's young adults use it.

They view it as uncool and a "parents" social media platform.

That means only one thing: Sayonara Facebook.

They're lucky they purchased Instagram. Without it the decline would be quicker, like MySpace.

[onenote]

35. Those teens 20-something "young adults

Will, soon enough, become 30 somethings with kids and they will be on FB showing off pics of their kids, reconnecting with friends with whom they have otherwise lost touch.

It's just like those who predict that because teens and "young adults" like to watch videos on their phones there is a limited future in big screen televisions. Of course, when those teens and young adults have homes with living rooms or rec rooms, they'll be buying big screen tvs rather than watching everything on their mobile devices.

[Power 2 the People]

50. They'll be on a newer platform - Not Facebook

Just the basic evolution of technology.

[msongs]

16. I'm buying a stairway to heaven nt

[Hamlette]

18. Josh at TPM thinks the stock will fall further. Anyway, its back to where it was May 2, 2018

so not so dramatic. Check out Josh's post. I agree it might be a good short term investment but I'd watch it, which I'm sure you do.

[still_one]

21. The reason it dropped is not because of their current earnings, but because they said their future

earnings are going to suffer for at least a year, maybe more

I am not sure why some would not want to believe what the company is saying?

[politicaljunkie41910]

29. Actually I've never listened to Facebook. I am a political junkie as well as financial junkie.

I've worked in Finance and Accounting all my career with the federal government and have been following the stock market and learning all I could investing since I took a bookkeeping class in high school and learned about the 'magic' of compounding interest and that later led to learning as much as I could about investing. But back then I had no money to invest, so I majored in Accounting and wanted to become a CPA. I interned with one of the Big 8 firms during one college semester but by graduation, I had one child and one on the way and I knew that I couldn't work those hours plus the commute married with two children. So as an Army Veteran while in college, one of my college classmates worked for one of the largest Defense Contractors, and she told that she worked with a slew of federal workers at their 'plant' and that those people were all accountants who used their accounting skills to audit defense contractors, and they never worked overtime. I looked into it, liked what I heard, and made it a career. I eventually left the accounting side of it for the contract management side of it and did very well there as well. It was very interesting work and from the beginning and I got to work on mainly some of the most highly classified programs our government has. It was very exciting and rewarding.

[ChubbyStar]

36. All that and you don't know what a paragraph break is?

Really?

[politicaljunkie41910]

38. And that's all you've got to contribute to the conversation today is a snide comment? Really?

[ChubbyStar]

39. It made your post unreadable

Also run on sentences. Ugh.

[LuckyCharms]

42. I could read it easily.

[LuckyCharms]

40. It's infuriating, isn't it?

I had my fill of that this past week. Your post is fine.

[politicaljunkie41910]

47. Yes it is. I guess I was so involved in what I was saying that I didn't notice it. Glad the

grammar police are here to call us out on it.

[NBachers]

66. I'm pretty critical of grammar and structure; I found it easy to read, pleasant, and informative.

[TeamPooka]

24. the stock is tanking because they are kicking InfoWars and other alt-right groups off

the website.
Wall Street knows this is where a ton of their profits come from.
The suckers who click on and forward anything full of racist hatred.

[onenote]

37. I suspect the reports of FB's impending doom will miss the mark

There were similar predictions back in the spring when FB stock first took a hit because of reports of shenanigans. One year ago it was at 165/share. It bounced around a bit between last July and this spring, hitting its peak in February at 193. Right before its spring "crash" it was around 184 and it dropped suddenly to around 152. However between March and yesterday, it had climbed to a record level of 217. Today's "crash" took it to 176, still higher than it was one year ago and some 24 points higher than its spring low.

So I wouldn't count it out yet.

[OilemFirchen]

44. Enjoy catching that falling knife.

The stock is trading on future outlook - a bit grim and with all of the indications of an impending catastrophe.

I never buy on the way down, even to average down. Learned that the very hard way.

If you do take the plunge, set a sell limit.

[LuckyCharms]

45. Be careful. They are showing they can't react well to

error correction. I would trade it, but no way for a long term investment.

[Cattledog]

48. Facebook makes 100% of its money from advertising.

Advertising is declining on FB.

Not good.

[MrsCoffee]

52. Friendface!

[Persondem]

53. Bad idea.

The future does not look god for FB.

"Teenagers have abandoned Facebook in favour of other social media platforms such as Snapchat and Instagram, according to a study from the Pew Research Center.

Just 51% of US individuals aged 13 to 17 say they use Facebook – a dramatic plunge from the 71% who said they used the social network in Pew’s previous study in 2015, when it was the dominant online platform."

from ... https://www.theguardian.com/technology/2018/jun/01/facebook-teens-leaving-instagram-snapchat-study-user-numbers

[politicaljunkie41910]

55. But doesn't Zuckerburg own Instagram and Snapchat?

I think Zuckerburg is forward thinking and will always be looking down the road for the next FB.

[Persondem]

57. Yeah, he has at least one of them, but those stocks are not FB. Bu-ut older people don't use them.

I just think that if you are looking for a long term investment, you can do better. Perhaps metals, because when the USA's annual deficits start topping 1 trillion $'s every year, people are going to look for sure value, and traditionally that has been metal.

[bucolic_frolic]

54. Toast for several years

because growth is uncertain and margins are falling. This will be range-bound for awhile, I'd say 6-7 months at least, between 135 and 210.

[USALiberal]

64. Ahhh, ok I guess. nt