قالب وردپرس درنا توس
Home / Business / Facebook camp will be fine; but widespread joy over his misfortune points to deeper problems

Facebook camp will be fine; but widespread joy over his misfortune points to deeper problems



In the virtual area, Facebook is the biggest mountain on the horizon. And on Thursday morning, the ground shook underneath, and the investors fled like on a fault line that was about to break. One day after Facebook reported what was after its underperformance for the second quarter, the company suffered the biggest loss ever for a listed company: the social media giant's stock fell 19 percent and cost shareholders $ 120 billion [19659002] Accounts, investors Bearishness was easy. "Management's commentary on slowing revenue growth in a quarter in which the company has not achieved advertising revenue for the first time has led to its performance after business hours," Goldman Sachs analysts said in a statement to customers [1

9659003] The New York Times .

The response of other top Wall Street firms varied but most who sold on Thursday essentially did not see much room for the company's growth. If you count like Select Alls Max Read did you find that Facebook basically has saturated the market of potential users.
READ MORE: Your Job Can Make You a Bad Parent
But your Twitter feed has probably told a different story. There, the news of Facebook's share decline was resolved, well, a little less clinically.

The broad sense of glee is the result of a few short years for Facebook – with details you probably know very well. But just in case: as it has become the primary page for political discourse – really for any discourse – Facebook has been manipulated by foreign actors; It has allowed users' data to be collected and sold without their consent. and it has been shown that it makes users miserable . The company has retired to a corner where it is damned if it does something and damn if it does not do anything. The control of hateful or misleading discourse invites reproaches; failed to do so, the experience stinks and sows distrust .

"Everyone's on it, and everyone is always there, and it's become the echo chamber where everyone screams and shouts at each other," said Robert Siegel, a venture capitalist who teaches management at Stanford. "I think the joy is probably a little bit that it makes itself felt and probably a bit of jealousy, because everyone always likes to tear down the big guy and Facebook is the big guy."
READ MORE: Die First Victims of the Trade War are Trump Supporters
It's tempting to connect all the scandal and outrage that Facebook has endured in recent years recorded by Nicolas Thompson from Wired – on Thursday's stock market slump. How could a Congressional hearing, an ongoing saga of outside propaganda and internal discord make investors uncomfortable? But most experts and analysts agree that it was a scandal The Facebook title, after all recovered quickly in the wake of the Cambridge-Analytica scandal: investors are not so interested in misdeeds, they are interested in opportunities for Big Growth

However, Facebook's crash on Thursday was extraordinary, and the fact that its stock plummeted was pretty normal for a company in its development phase. Most experts were not who "I think Facebook will be fine," said Pai-Ling Yin, director of USC's technology commercialization initiative. "More recently, successful companies are struggling to keep pace with growth figures: as they grow, the ability to earn 1 percent more profit becomes increasingly difficult, as the base's profitability is so great because of its success more than last year. "

The fact that so many people responded to Facebook with bad news for Facebook may be worrying for the company. It shows a deep dissatisfaction with the platform. In the long run, Facebook faces fundamental identity issues. "If you want to be a vehicle for political engagement, you will always be the poster boy for political events in the country," said Siegel. "And if you do not stand for it." Everything except that you are a platform, then you will start somebody. And basically, everyone else will hate. So the question is, are they a media company and is that how the market thinks of them? Or are they from you? and I connect as two friends? Who is Facebook? "

Recently, Facebook has been wrong about the latter.A advertising campaign promised this spring that Facebook has turned back to" what Facebook did in the first place "- ie more pictures of friends dogs and toddlers and less contentious news The company has adapted its algorithm accordingly.

But Thursday was proof that the advertising campaign is not enough to remedy the damage of the presidential election campaign, even though Facebook did lip service In order to keep away from fake news and harassment, maintaining its status as an open platform has refused to hold on really hard and so Facebook remains synonymous with its transgressions – if you want both, it's an alienated people of both Although the stock hit he needed on Thursday will not be a disaster for the Colossus, people hoped that he would point out deeper problems. The ground under Facebook actually begins to tremble.


Source link