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Sounds like good news for everyone, including casual FB investors like myself. The quicker this platform dies, the better. It is a cancer on our society, our go

by mnm1 7y ago

Sounds like good news for everyone, including casual FB investors like myself. The quicker this platform dies, the better. It is a cancer on our society, our government, and all its people including those who don't use it. And not just our society but every society in the world, some more than others. Investors losing a little money is a miniscule price to pay. I just hope the author is correct. Maybe Facebook users have tired of the privacy invasion, rigged elections, genocides, and social malaise this platform brings upon the world (to name just a few negative consequences).

whamlastxmas 7y ago
Do you think people will stop using FB-like services? At least with one mega platform it's easy to regulate versus having a dozen smaller spinoffs
- chachachoney 7y ago
  Mega platforms are powerful enough to influence political and regulatory processes to their ultimate advantage. Ease of regulation isn't really a good reason to enshrine monopolies.
mruts 7y ago
Why would you want a current investment of yours to go down? It doesn't make much sense..
- chachachoney 7y ago
  >> Why would you want a current investment of yours to go down? It doesn't make much sense. It makes plenty of sense if financial gain isn't the absolute, single overriding principle guiding their outlook. (Also, this is unlikely given that OP classified themselves as a casual investor, but it is possible they intend to short the stock.)
- billfor 7y ago
  To short it :-)
  - mruts 7y ago
    It's called "short selling" because you sold it, and no longer own it. Also, in economics and finance, the term "investment" almost always refers to an asset in which you have long exposure.
chachachoney 7y ago
Given the number of times facebook has brazenly lied to customers, journalists, regulators, and governments, it seems likely that the situation is probably worse than the picture painted by the article.

by mnm1 7y ago

whamlastxmas 7y ago

Do you think people will stop using FB-like services? At least with one mega platform it's easy to regulate versus having a dozen smaller spinoffs

chachachoney 7y ago
Mega platforms are powerful enough to influence political and regulatory processes to their ultimate advantage. Ease of regulation isn't really a good reason to enshrine monopolies.

mruts 7y ago

Why would you want a current investment of yours to go down? It doesn't make much sense..

chachachoney 7y ago
>> Why would you want a current investment of yours to go down? It doesn't make much sense. It makes plenty of sense if financial gain isn't the absolute, single overriding principle guiding their outlook. (Also, this is unlikely given that OP classified themselves as a casual investor, but it is possible they intend to short the stock.)
billfor 7y ago
To short it :-)
- mruts 7y ago
  It's called "short selling" because you sold it, and no longer own it. Also, in economics and finance, the term "investment" almost always refers to an asset in which you have long exposure.

chachachoney 7y ago

Given the number of times facebook has brazenly lied to customers, journalists, regulators, and governments, it seems likely that the situation is probably worse than the picture painted by the article.