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Image: © Anthony Quintano via Wikimedia Commons

Facebook’s share price drops by 20 percent

Let's be clear though: the company's still making money. Just less money than they hoped they'd be making.

Let's be clear, Facebook's still making money. They're just making less money than they'd hoped, and shareholders are spooked.

What it means: Most private companies are owned by shareholders, i.e. people who put in money into the organisation in exchange for a cut of the profits. If lots of people want a share, they can get pricey, and the company's total value goes up... if no-one wants one, they'll be pretty cheap.

Facebook's share price has dropped by 20% – the biggest fall in their history. That means lots of people have sold off their Facebook shares, no longer wanting to be part of the company's financial backing.

Why? On a phone call yesterday, CEO Mark Zuckerberg shared some bad news. They're earning less than they thought they'd be by now, have less new users than they thought they would, and need to spend a lot of money improving their security measures as a result of the Cambridge Analytica privacy scandal.

Users in Europe are also starting to opt out of personalised ads as a result of GDPR, the new data regulations which came into place recently.

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Reader Comments

  • RW

    Your right to a degree. You mentioned “the wandering Jew”.

    I elaborate that the Jewish people, historically have tended to migrate almost exclusively to locations that are economically and culturally vibrant already. I would speculate that Jews have thrived in these places and have often improved the bounds of their economies and knowledge base.

    You can also ask; how many massive entertainment conglomerates, Nobel winners or billionaires has Isreal developed? If Jews are so capable, why isn’t Tel Aviv the Rome of our time?

    Jews are successful because they value education, maintain a strong social cohesive, they actively monitor and have a good sense for Zeitgeist wherever they are and they carefully choose the places they settle and congregate themselves heavily in these choice locations.

    But most importantly (haulocaust increased the importance of this aspect), they actually designed their culture for success. They not only attend Harvard, they use what they learned to better the group as a whole. With as much, they studied intricate networking systems, adapted to it and in many cases improved upon them. (See how Japan acquired Aegis warships and made them better).

    Of course there is nothing wrong with any of this. It’s when you elaborately gain disproportionate power in any society where you would stand out, you must take care when attempting to make a society better (Civil Rights movement) and rewriting that society all together (mass immigration). Ask blacks in China, Mexico, Philippines or India how much opportunity they have? Go to businesses owned by their American diaspora and see how many blacks they hire. Go to Silicon Valley and see how many East or South Asian tech workers wish they could work with more black people. California might work as a state, but as a nation, I think your rolling the nuclear dice here. I hope we can succeed as a tolerant pluralistic superpower but at this stage in human societal development, it’s a pipe dream.

    And if Jews really are the icon for success, they would see that fundamental human successes happen over generations. Just look at the rest of the planet? Are we ready?