It's the biggest single day loss in the exchanges history. It comes of a weak profit announcement and falling memebership.
What do you all think, is this good news or bad news for steemit?
Facebook stock value drop 100 BILLION DOLLAR
6 years ago by westcoasteagles (47)
$0.03
- Past Payouts $0.03
- - Author $0.03
- - Curators $0.00
How disappointed would you be if purchased their stock last week?
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serves those capitalist jerks right.
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Maybe at the top end of town, but if you were a small investor that just purchased a couple of shares as part of a retirement fund you'd be a bit upset.
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sort of except if it had gone the other way theyd have happily retained that wealth. like i'm not total anti capitalist but i don't agree with this sort of speculative trading. like a company issuing share to raise funds for a business, no problem. people then gambling on those shares value, well that's a bit stickier for me.
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Yeah, not a fan of short term trading, like day trading and the likes, but long term share holding is cool. I have shares in a handful of companies myself
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beautiful post..
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Sucked in, Facebook. They've been at the top for way too long and rarely listen to their users nor implement positive changes. Their recent privacy adverts are a poor excuse for an apology.
I use Messenger still but rarely log into Facebook itself anymore. I changed all my information, too. Its probably too late but oh well.
I've come to Steemit for less of the crap and real content. I don't like the 'memes' that people post on here and don't think its right for them to make money off of a re-posted image. Steemit could be a valid competitor if they aim to attract occasional users. The platform doesn't compare for auntie Molly who likes keeping up with her family and posting pictures of her poodle once a week.
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I'm losing hope that steemit is going anywhere. I've not seen any changes since I joined. I think if it positions its self to compete with reddit it could stand a chance
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No news, at this point I don't think they are competing one against the other. As steemit grows it can at some point be considered a rival.
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yeah, i sort of agree. I think at most its just a sign of the tech bubble retracting a bit overall.
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