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How is the top comment here a weak version of, “come on in, the water is fine” when Facebook keeps dripping scandal? A lot of armchair investors and professiona
by bitumen 9y ago
How is the top comment here a weak version of, “come on in, the water is fine” when Facebook keeps dripping scandal? A lot of armchair investors and professionally apathetic people the last couple of days, and they’re all making the same claim, “nobody cares.” Meanwhile it’s still being drilled in the media, keeps hitting the front page here, dropped tens of billions, and so on.
“Nobody cares” feels more like desperate wishing/spinning, and it’s getting old in a hurry. It also ignores how this is being driven by Trump’s election, which has freaked a lot of people out, and by a general backlash against big tech. A lot of anecdotes are being bandied about, in the face of a lot of realities that are not anecdotal.
So buy the stock, but don’t be shocked when like Moore’s Law, past performance fails to predict future gains.
- hodder 9y agoI'm not an "armchair investor". I'm a real investor. My money is where my mouth is. I am simply trying to rationally assess the outcome on users, and I don't think this will matter to the vast majority of them. Nobody cares. Do I care? Sure I do. But will a tiny minority of tech users matter to the stock in the long term? Unlikely.
- j2bax 9y agoI would think the negative sentiment in the tech sphere would hurt them more on inability to continue hiring the best talent... Granted, that is assuming that most people can't be bought, which is unfortunately probably not the case.
- thewarrior 9y agoTheir userbase is largely unaffected. There was an article stating that their app store rank has even gone up. They add millions of users a month. So any losses can be absorbed over time if this dies down. Its quite possible that the stock is oversold at this point. Its not wishing/spinning. At this point it does look quite plausible.