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With that said, I think the stock is a bargain today. And still falling. A dark part of me hopes the sharks looking to make a profit without recognition of how
by domevent 9y ago
With that said, I think the stock is a bargain today.
And still falling. A dark part of me hopes the sharks looking to make a profit without recognition of how Facebook is in really deep shit just lose everything. A lot of glib predictions about catching falling knives here, but they seem to ignore Facebook not being quite as essential or inescapable as someone’s bank or credit reporting agency.
People don’t really understand Equifax, and simple breaches don’t bother them as much actively manipulated. Facebook provides a really nominal service for most people, and I think some here are trying very hard to convince themselves this is something other than their bubble being pricked.
Good luck.
- sevensor 9y ago> not being quite as essential or inescapable as someone’s bank or credit reporting agency. Given the existence of the shadow profile, FB is exactly as inescapable as a credit reporting agency.
- Lionsion 9y ago> Given the existence of the shadow profile, FB is exactly as inescapable as a credit reporting agency. That's not true. Facebook has data, but their data isn't as valuable and important to individuals as that controlled by a credit reporting agency. For instance, Equifax has info to enable straightforward identity theft, and I need all that data to be there if I want reasonable terms on a loan I may want. The Facebook social graph is mainly valuable to advertisers and intelligence agencies, both of which I can happily ignore day-to-day. It's data could be a tool for identity theft, but I doubt they have the SSNs or CC numbers in their shadow profiles needed to make that easy.
- hodder 9y agoConsidering you just said you hope I lose everything... I will take the follow up "Good luck" with a grain of salt.