Current Events > Facebook (FB) reaches all time high. Ranks 6 in U.S. for market value at $567B.

(+) Yeah! (+)

"Of 44 analysts with recommendations on Facebook shares, only one had serious reservations.

Plus, it's a free service that people just can't quit. Complain as they may about Facebook's handling of their data, the addictive qualities of social media, and the escalating power of the company, consumers show no signs of voluntarily posting personal photos, information, and opinions.

When journalists exposed Facebook's role in the Cambridge Analytica privacy scandal, the company's stock took a hit, slicing tens of billions of dollars from its market valuation. Facebook Chief Executive Mark Zuckerberg was subsequently scolded on Capitol Hill in April and by European Parliament last month.

Earlier this month, Facebook faced further scrutiny for data-sharing partnerships with a handful of Chinese companies that included Huawei, the worlds third-largest smartphone maker that has come under scrutiny from U.S. intelligence agencies on security concerns.

And yet through it all, Facebook boasts a market value of $567.1 billion, sixth-best among U.S. companies."

Can't post the article because GameFAQs says I'm trying to bypass the censor by obfuscating the word "shit". But the article is from Barrons.
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snap is going to die trying to take on facebook/google
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Apple is close to being the first company ever with a $1 trillion market cap, the market is killing it under the Trump presidency
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soyforsteaks posted...

snap is going to die trying to take on facebook/google

They're off to a rough start, but I can still see them making money someday in the future--- but yes, I don't think they will be another Facebook. They do have quite a few daily, active users, though.

Twitter has had some rough patches as well, but they finally seem to be getting things under control after going public 5 years ago. Holy shit time flies.
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Kazi1212 posted...

Apple is close to being the first company ever with a $1 trillion market cap, the market is killing it under the Trump presidency

It's been great, and I absolutely credit Trump for a majority of it.

@Darkman124 IIRC predicted an overall loss for the year (401ks, etc.) after the big decline earlier this year---but now I'm not so sure. My personal stocks range from doing absolutely fabulous to "meh"--but no real losses (I'm generally a mid-to long term trader, but occasionally like to "hit a lick" off a few points and run) and my 401k is in the positive for this year, but nothing to write home about.
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Is that why the keep advertising so much on TV and mobile ads
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Sexypwnstar posted...

Is that why the keep advertising so much on TV and mobile ads

I don't know if I've seen them advertise on TV, but I don't watch too much of it---what are their ads like?
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Proof that nobody gives a flying fuck about the privacy bullshit from a few months ago
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Capn Circus posted...

Kazi1212 posted...

Apple is close to being the first company ever with a $1 trillion market cap, the market is killing it under the Trump presidency

It's been great, and I absolutely credit Trump for a majority of it.

@Darkman124 IIRC predicted an overall loss for the year (401ks, etc.) after the big decline earlier this year---but now I'm not so sure. My personal stocks range from doing absolutely fabulous to "meh"--but no real losses (I'm generally a mid-to long term trader, but occasionally like to "hit a lick" off a few points and run) and my 401k is in the positive for this year, but nothing to write home about.

imo tariff worries will keep the broad markets flat for the year

but small caps will definitely outperform

and fwiw my prediction was before the big drop and more or less a parroting of what every adviser was saying: we are overheated, due for correction, and likely will see chop for remainder of the year. nothing prophetic in that--just that the good news was priced in already and people were overdue to start overreacting to bad news.
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