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‘Train Wreck:’ Wall Street Slaps Facebook
After Market Value Falls by $700 Billion

Original Article

Posted By: Black Conservative Voice, 10/31/2022 5:46:00 AM

Facebook (now known as Meta) has suffered a $700 billion drop in market value since its peak high of more than $1 trillion in September 2021. One analyst labeled the company’s dismal earnings and future strategy a “train wreck.” CBS News reports that Facebook has taken a huge risk in its pivot towards a virtual reality metaverse in the last year, a move that does not appear to be working out well for the Masters of the Universe.

Comments:

Yep that 400 million dollars he spent in swing states to canvass votes for Biden has cost him 700 billion. That was a poor investment. In order to further the Marxist Utopian of the radical left he sold his soul and it is costing him more than he bargained for. Once you go Woke you go Broke! We’ve got a country to save.

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Reply 1 - Posted by: F15 Gork 10/31/2022 6:35:33 AM (No. 1319552)
The Pony Express was killed by the telegraph. Facebook will face a similar fate. Something better is always waiting in the wings....
11 people like this.

Reply 2 - Posted by: NancyD 10/31/2022 7:25:54 AM (No. 1319599)
Oh well... I'm supportive of companies going bust when they've tried to destroy our Country. When I think back of the bs schemes that FB did to bolster the dems and suppress the GOP I hope they get what they have coming to them. I will never understand why people cannot be honest with who they are, why do they have to try to fake people out? That is dancing with the devil.
16 people like this.

Reply 3 - Posted by: udanja99 10/31/2022 7:38:48 AM (No. 1319612)
Zuckerberg, Pelosi, Cheney…karma is certainly busy these days.
14 people like this.

Reply 4 - Posted by: JackBurton 10/31/2022 8:26:34 AM (No. 1319674)
Go Woke, etc. Too bad this didn't happen well before the 2020 election.
5 people like this.

Reply 5 - Posted by: Dodge Boy 10/31/2022 8:34:12 AM (No. 1319689)
I'm just glad I never got sucked into this fakebook dreamland. Just wondering how a company that doesn't even produce a tangible product has any value at all. But I am sure that Zuckie will be able to scrape by with his remaining $30+ billion. Also just wondering if the dims are starting to get a clue that no one is interested in their TDS and new world order schtick.
6 people like this.

Reply 6 - Posted by: Sorosisbehindit 10/31/2022 9:14:20 AM (No. 1319737)
It is so rare to read feel good news in the morning.
5 people like this.

Reply 7 - Posted by: konocti95 10/31/2022 9:26:55 AM (No. 1319756)
How long until we find Zuck whacking Paul Pelosi with a hammer in his underwear? I'm glad I never got rid of my "Myspace" page.
1 person likes this.

Reply 8 - Posted by: Axeman 10/31/2022 9:36:39 AM (No. 1319775)
#5, the product Zuckface sells is time under eyeballs. The value of the eyeballs is based on the quality of information about them. The searchable eyeball intelligence is also for sale. It's the same for almost every ad supported web page. But Zuckface and others devised a way to dig very deep into every user's life and personality. That's why the Chinese want people on Tiktok.
1 person likes this.

Reply 9 - Posted by: JHHolliday 10/31/2022 9:41:25 AM (No. 1319786)
I am an old coot and never quite understood what the “Metaverse” was supposed to be. Some sort of virtual world so people could immerse themselves in an alternate reality and avoid the real world? The left does that already.
6 people like this.

Reply 10 - Posted by: jeffkinnh 10/31/2022 10:09:53 AM (No. 1319825)
As soon as Facebook was found to have helped pervert the 2020 election, over half the country found they could live without them. Zuckerberg has always been a slimy guy. Now we know he is evil as well. Maybe we will see a few Congressional investigations in Zuckerberg's future. With all the money he spent, it is almost certain he broke some laws. He is not smart enough to be careful and his arrogance will probably trip him up.
2 people like this.

Reply 11 - Posted by: Ruhn 10/31/2022 10:16:37 AM (No. 1319829)
Rule of thumb: Never let replicants run a company.
1 person likes this.

Reply 12 - Posted by: DVC 10/31/2022 10:24:31 AM (No. 1319838)
It will be unmourned. A rotten company run by a rotten person.
4 people like this.

Reply 13 - Posted by: Strike3 10/31/2022 12:20:30 PM (No. 1319951)
Poor Zuck. How is he going to pay his heating bill?
0 people like this.

Reply 14 - Posted by: mc squared 10/31/2022 12:35:15 PM (No. 1319969)
Not being a Facebook subscriber, I never get to see pictures of peoples' cats or what they had for breakfast. Damn.
0 people like this.

Reply 15 - Posted by: kono 10/31/2022 12:50:33 PM (No. 1319981)
Fakebook was destined to follow its predecessor into the great Bit Bucket of history. It took longer than I expected (I had predicted fb to go the way of MySpace around 2005). But that process seems to have picked up recently.
0 people like this.

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