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Facebook is dying. In my social network hardly anybody is using it anymore. And everybody agrees: Facebook is an ad spoiled crap network with useless content. I

• adventured 4y ago
  Large shareholders want you to suck the value in the company dry to attempt to artificially pump the stock shorter term. They'd never hire anybody that would actually do what's necessary to fix what's going on. They want the short-term pump approach put into action, they don't care about ten years from now. Microsoft also dealt with this scenario during the Ballmer years (flat stock, very low PE, massive buybacks & dividends; which did nothing for the stock). Facebook is caught in the IBM self-fulfilling spiral of death. It's the financial engineering direction as the stock wilts and the multiple is compressed lower; that FB began buying back its overvalued stock, destroying its cash because they had no idea what to do with it, was a big signal. During October-December 2021 they spent $19.2 billion on stock buybacks. Around 58 million shares. The stock was ~$330-$340 then, now it's $136 (those 58m shares are worth sub $8b now). It's a clown show. Those people have no idea what they're doing.