> It doesn't feel like the results justify the 20% drop. Neither does it for me. FB is still the only real GOOGL competitor in the ad market. It's revenue and

> It doesn't feel like the results justify the 20% drop. Neither does it for me. FB is still the only real GOOGL competitor in the ad market. It's revenue and market share is growing. All it has to do is extracting more money from its huge user base, which at least with instagram it hasn't really tried for now. Employing content reviewers won't come cheap, but that investment is going to be faced by all social media platforms and in turn will be sector neutral. Facing regulatory burdens with measures like this helps the big ones manifest their oligopol. While I can echo most HNers sentiment (I too decreased my FB usage before and after the CA scandal) I think we are not precisely the best socio-economic group to serve as indicator for what drives people or doesn't: Most people are happy to share on social media platforms (no matter how repugnant I feel about it) and there is no social media real estate like FB or IG around. Fundamentally it's still cheaper than GOOGL in terms of P/E and just costs half of what GOOGL costs for every $ of FCF.