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In other words, FB has done somewhat worse than the NASDAQ, and about the same as GOOG over the same time period. Best not to take broad market movements and t

In other words, FB has done somewhat worse than the NASDAQ, and about the same as GOOG over the same time period. Best not to take broad market movements and try to ascribe specific market expectations to individual companies.

ineedasername 9y ago
Except NAZDAQ rallied today, so did Google. Facebook did not. Google's decline was part of the halo effect cast over big data techs as a result of the facebook debacle, and indexes in general were down over fears of pending trade wars with China that have now eased slightly. Facebook's decline continued despite these other factors getting some relief. Its issues are all its own at the moment.
- jlmorton 9y ago
  In point of fact, FB is also up today, although only modestly.
  - ineedasername 9y ago
    ah, I see now they rallied shortly before close. I last checked them around 3:30 when they were still down about 2-3%. Though I think it's important to note they did not rally to the extent the rest of the market did, which largely erased 90% of the losses from the prior Friday.
deleted 9y ago
[deleted]
tylermenezes 9y ago
What are you talking about? The NASDAQ was down 4% since last Friday. Facebook was down almost 20% from Friday this morning...
- jlmorton 9y ago
  Sorry, but what are you talking about? Facebook closed on Thursday at $165. It closed on Friday at $160. FB was up by half a percent today, on Monday. https://finance.yahoo.com/quote/FB?p=FB https://finance.yahoo.com/quote/FB?p=FB
  - deleted 9y ago
    [deleted]
  - JumpCrisscross 9y ago
    > Facebook closed on Thursday at $165. It closed on Friday at $160 16 March open to 26 March close, Facebook lost 13% of its value [1]. The same statistic for the S&P 500 is 3.4%. This time horizon makes more sense than yours because it matches the first revelations of Cambridge Analytica's use of Facebook's data [3]. [1] https://finance.yahoo.com/quote/FB/history?p=FB https://finance.yahoo.com/quote/FB/history?p=FB [2] https://finance.yahoo.com/quote/%5EGSPC/history?p=%5EGSPC https://finance.yahoo.com/quote/%5EGSPC/history?p=%5EGSPC [3] https://www.nytimes.com/2018/03/17/us/politics/cambridge-analytica-russia.html https://www.nytimes.com/2018/03/17/us/politics/cambridge-ana...
bitxbit 9y ago
Market has been choppy since February but FB moving down will bring other stocks down with it. Google was down over the same period BECAUSE of Facebook. Facebook is very much a bellwether company like it or not.
- liquidise 9y ago
  > Google was down over the same period BECAUSE of Facebook This feels counter-intuitive to me as these are the major players in online advertising. A facebook exodus would feel like a positive for google's primary revenue driver. Why is the inverse effect true?
  - shrimpx 9y ago
    Loss of confidence in this overall space. Google relies on surveilling users and selling them to advertisers as much as Facebook or more.
    - golfer 9y ago
      Google obviously relies heavily on ad revenue, but their business is far more diversified than FB. Consider: Google Play revenue (apps + media purchase/rental) Hardware (Pixel phone/Google home/Nest hardware) YouTube video ad revenue (brand based ads rather than search) Youtube TV, Youtube Red subscription revenue Google Cloud (>$1BB/quarter) Plus the other tech on the horizon, that if something pops here, it will be accretive to revs: Waymo Verily DeepMind Fiber (if it ever comes back in growth mode) Google Ventures Etc etc (struggled with formatting on this despite many attempts.. grr HN)
      - shrimpx 9y ago
        Yeah? And what's the ratio of ad revenue to total revenue in 2017?
        e12e 9y ago
        This took surprisingly many searches to answer - I was expecting to find this neatly tabulated from earning reports etc. But anyway : "Alphabet generated $32.3 billion in revenue during the fourth quarter, up 24% from the same period last year. It was Alphabet’s highest-revenue quarter ever, beating out the prior quarter. About $27.2 billion of that revenue, or 85%, came from Google’s advertising business." https://qz.com/1195777/googles-swelling-advertising-business-couldnt-save-profits-in-q4-2017/ https://qz.com/1195777/googles-swelling-advertising-business... I also found it interesting how much Google pays for "traffic acquisition" (like paying Mozilla for default search etc): " In its most recently completed quarter, traffic-acquisitions costs were $6.5 billion, or 24% of Google’s advertising revenue, up 33% from the same period last year. Google’s strongest growth areas—mobile search and programmatic advertising—carry higher traffic-acquisition costs, Alphabet chief financial officer Ruth Porat said on the earnings call." (this is of course how Facebook is competing with Google: they have a captive audience that they additionally know very well). As far as I can tell ad revenue is growing faster than all of google's "hobby" projects... They're still an advertising company with a couple of tech projects in a shed in the garden.

ineedasername 9y ago

Except NAZDAQ rallied today, so did Google. Facebook did not. Google's decline was part of the halo effect cast over big data techs as a result of the facebook debacle, and indexes in general were down over fears of pending trade wars with China that have now eased slightly. Facebook's decline continued despite these other factors getting some relief. Its issues are all its own at the moment.

jlmorton 9y ago
In point of fact, FB is also up today, although only modestly.
- ineedasername 9y ago
  ah, I see now they rallied shortly before close. I last checked them around 3:30 when they were still down about 2-3%. Though I think it's important to note they did not rally to the extent the rest of the market did, which largely erased 90% of the losses from the prior Friday.

deleted 9y ago

[deleted]

tylermenezes 9y ago

What are you talking about? The NASDAQ was down 4% since last Friday. Facebook was down almost 20% from Friday this morning...

jlmorton 9y ago
Sorry, but what are you talking about? Facebook closed on Thursday at $165. It closed on Friday at $160. FB was up by half a percent today, on Monday. https://finance.yahoo.com/quote/FB?p=FB https://finance.yahoo.com/quote/FB?p=FB
- deleted 9y ago
  [deleted]
- JumpCrisscross 9y ago
  > Facebook closed on Thursday at $165. It closed on Friday at $160 16 March open to 26 March close, Facebook lost 13% of its value [1]. The same statistic for the S&P 500 is 3.4%. This time horizon makes more sense than yours because it matches the first revelations of Cambridge Analytica's use of Facebook's data [3]. [1] https://finance.yahoo.com/quote/FB/history?p=FB https://finance.yahoo.com/quote/FB/history?p=FB [2] https://finance.yahoo.com/quote/%5EGSPC/history?p=%5EGSPC https://finance.yahoo.com/quote/%5EGSPC/history?p=%5EGSPC [3] https://www.nytimes.com/2018/03/17/us/politics/cambridge-analytica-russia.html https://www.nytimes.com/2018/03/17/us/politics/cambridge-ana...

bitxbit 9y ago

Market has been choppy since February but FB moving down will bring other stocks down with it. Google was down over the same period BECAUSE of Facebook. Facebook is very much a bellwether company like it or not.

liquidise 9y ago
> Google was down over the same period BECAUSE of Facebook This feels counter-intuitive to me as these are the major players in online advertising. A facebook exodus would feel like a positive for google's primary revenue driver. Why is the inverse effect true?
- shrimpx 9y ago
  Loss of confidence in this overall space. Google relies on surveilling users and selling them to advertisers as much as Facebook or more.
  - golfer 9y ago
    Google obviously relies heavily on ad revenue, but their business is far more diversified than FB. Consider: Google Play revenue (apps + media purchase/rental) Hardware (Pixel phone/Google home/Nest hardware) YouTube video ad revenue (brand based ads rather than search) Youtube TV, Youtube Red subscription revenue Google Cloud (>$1BB/quarter) Plus the other tech on the horizon, that if something pops here, it will be accretive to revs: Waymo Verily DeepMind Fiber (if it ever comes back in growth mode) Google Ventures Etc etc (struggled with formatting on this despite many attempts.. grr HN)
    - shrimpx 9y ago
      Yeah? And what's the ratio of ad revenue to total revenue in 2017?
      - e12e 9y ago
        This took surprisingly many searches to answer - I was expecting to find this neatly tabulated from earning reports etc. But anyway : "Alphabet generated $32.3 billion in revenue during the fourth quarter, up 24% from the same period last year. It was Alphabet’s highest-revenue quarter ever, beating out the prior quarter. About $27.2 billion of that revenue, or 85%, came from Google’s advertising business." https://qz.com/1195777/googles-swelling-advertising-business-couldnt-save-profits-in-q4-2017/ https://qz.com/1195777/googles-swelling-advertising-business... I also found it interesting how much Google pays for "traffic acquisition" (like paying Mozilla for default search etc): " In its most recently completed quarter, traffic-acquisitions costs were $6.5 billion, or 24% of Google’s advertising revenue, up 33% from the same period last year. Google’s strongest growth areas—mobile search and programmatic advertising—carry higher traffic-acquisition costs, Alphabet chief financial officer Ruth Porat said on the earnings call." (this is of course how Facebook is competing with Google: they have a captive audience that they additionally know very well). As far as I can tell ad revenue is growing faster than all of google's "hobby" projects... They're still an advertising company with a couple of tech projects in a shed in the garden.