Dotcom Crash 2.0? Facebook stock drops more than 20% after revenue forecast misses Facebook stock plummets in extended session after it says it expects revenue slowdown to continue
>In the company’s earnings call with investors, Chief Financial Officer David Wehner disclosed that the social-media giant expects the revenue slowdown to continue. “Our total revenue growth rates will continue to decelerate in the second half of 2018, and we expect our revenue growth rates to decline by high single-digit percentages from prior quarters sequentially in both Q3 and Q4,” he said on the conference call. Wehner also said Facebook still expects expenses to grow 50% to 60% from last year.
Here is brilliant business idea: paid real deletion of facebook accountants.
Levi Wood
Please do, I just removed all my tech investments and would laugh my ass off if it crashes and burns right as I'm walking out the door.
Samuel Lewis
Honestly who came up with this methodology of economics? How do they expect companies to grow infinitely beyond the size of the market.
Owen Bell
No more Lifelog gibs.
Jackson Richardson
Sadly, as a company, they are NOT in any imminent danger, financially. Unlike NFLX. Facebook has a profit margin of about 50% of revenues and this isn't an actual decline in revenues and was actually above expectations in terms of profits, it was a "miss" of their growth goals, primarily in terms of growth in users. Growth in users was +11% year over year, primarily in Wog-land, but the growth in users was about 20,000,000 users below where it was expected.
Meh, it happens. Stocks which have historically had this kind of growth are generally "priced for perfection" in terms of growth, even ones which don't yet have profits, and when growth slows or even reverses, they crater.
The good news is, this hurts – on paper at least – a whole lot of the right (((people))) in terms of their net worth.
Blake Walker
HAHAHAHA LOST "$16,800,000,000 IN MINUTES!" EAT SHIT YOU FUCKING REPTILIAN KIKE!
Jose Murphy
Its probably all the accounts it banned.
Blake Moore
No absolutely has it right, it tanked as soon as earnings were released due to missing growth goals.
