Uh-oh, troubled waters for the Zuckster and Faceplant! Can't say that I'll lose any sleep over it.


http://www.foxnews.com/tech/20...nges-20-percent.html

He better be careful...he's down to his last $67 billion.

And yet that loss of value likely has zero impact on his actual lifestyle. Oh if we all had it that good.

Zuckerberg lives a notoriously ordinary life outside of work, and resides in an average house in Palo Alto, CA. In fact, even his fans wish he would live a bit larger in keeping with his net worth.

quote:

Originally posted by kkina:
Zuckerberg lives a notoriously ordinary life outside of work, and resides in an average house in Palo Alto, CA. In fact, even his fans wish he would live a bit larger in keeping with his net worth.

Haha, I too am unimpressed with his non flashy lifestyle.

A few years back, he vowed to only eat animals he killed himself. He actually hunted, as well as slaughtered and butchered his own sheep, pigs, and chickens.

July 26, 2018
Guess that censorship at Facebook wasn't such a good idea

Facebook is taking a beating in the stock market, and it's not a pretty picture. I don't like to see things like this happening, given the kind of trouble it can bring to other areas of the market.

Here's the top story on Drudge (check out the picture), and I hope he's overdoing it:

The tech-heavy Nasdaq was set for a big down day Thursday after disappointing quarterly results from Facebook sent the social media giant hurtling toward its biggest share price decline ever and on track to lose more than $100 billion in market value.

The Invesco QQQ Trust, which tracks the Nasdaq 100 index and can give traders a good idea of how the Nasdaq stocks will trade, was down more than 2 percent at one point in after-hours trading Wednesday. At last count, the ETF was off by about 1.5 percent. Facebook lost about a fifth of its value after hours.

Nasdaq 100 futures were off by 0.8 percent.

The reasons seem kind of obvious. Earnings are down, and that means that people aren't using the site the way analysts projected. Privacy concerns are what's most often discussed, along with lower overseas growth, and there is probably something to it, as the earnings figures can be studied for impact and areas of underperformance. But I think censorship has taken a toll, too.

Seriously, do you feel as enthusiastic about Facebook as you did before all the censorship stories rolled out? The declaration of Diamond and Silk as "dangerous to the community" by Facebook's censors at its YouTube subsidiary? Facebook founder Mark Zuckerberg's mixed-reviews congressional appearance? Did you want to use Facebook after learning that the company is composed solely of leftist hipsters who have it in for the right? Those were the news items as this profit report was being accumulated.

Sure, one can argue that Facebook's users aren't Facebook's customers, given that the revenue streams flow from its advertisers and data-aggregators. But without those users, enthusiastically slapping everything they know and do on their Facebook pages as they have, of what use is the diminishing data, sold to the paying customers?

Maybe Facebook would see a turnaround if it returned to its roots and scrapped the censorship at least. After all, terrorists and spray shooters are getting away with their posts while conservatives are being censored. This isn't necessarily all the work of hipster censors looking only for conservatives to silence – it's also because the job of censorship is too big for the company to handle. Facebook could easily make amends by hiring conservatives, for one, and getting out of the censorship business altogether by claiming a status similar to the telephone company, which is never responsible for the conversations of its customers.

https://www.americanthinker.co...uch_a_good_idea.html

quote:

Originally posted by kkina:
Zuckerberg lives a notoriously ordinary life outside of work, and resides in an average house in Palo Alto, CA. In fact, even his fans wish he would live a bit larger in keeping with his net worth.

An average 7 million dollar house in a neighborhood where he bought up several other houses totaling over 30 million that he then tore down. Yeah, sounds ordinary....?

quote:

Originally posted by Bluecobra:

quote:

Originally posted by kkina:
Zuckerberg lives a notoriously ordinary life outside of work, and resides in an average house in Palo Alto, CA. In fact, even his fans wish he would live a bit larger in keeping with his net worth.

An average 7 million dollar house in a neighborhood where he bought up several other houses totaling over 30 million that he then tore down. Yeah, sounds ordinary....?

I'm just referring to his personal life, not his business ventures.

“Mark Zuckerberg loses $16B in one day“

I’m good with this

quote:

Originally posted by kkina:
Zuckerberg lives a notoriously ordinary life outside of work, and resides in an average house in Palo Alto, CA. In fact, even his fans wish he would live a bit larger in keeping with his net worth.

I don't think so.

Zuckerberg's house in Palo Alto is a 5000 sq ft house purchased for 7 million dollars 7 years ago. 5000 sq ft is a large house even by Texas standards, but a huge one in Palo Alto. He also bought out four of the surrounding properties (one of them for 14 mil), knocked the structures down, and built much smaller structures, all for increased privacy and unobstructed views. He also has a 10 million dollar house in San Fran, pissing off his neighbors with the 2 million dollar renovation construction. And we're not counting his 100 million dollar Kauai oceanfront property of 750 acres, where he will build his vacation home.

Hardly "ordinary" and "average".

And great if the asshole loses a chunk.

Don’t worry much about Zuckerberg’s loss.

His so-called “net worth” is calculated at least in very large part by multiplying the number of shares he owns by the price. Slap a dollar sign on it, and call it worth. Highly theoretical, to dazzle bankers and astonish civilians.

There is no way he could sell all those shares at once, for anything like that price, ordinarily. He would never have that sum in cash. You know about cash... it’s as good as having money!

This is a good lesson in owning what are called high fliers. These are company shares so popular, in such demand, that the price of the shares has been bid up beyond all reason, usually on hopes and projections of even higher price or worth in the future.

More than 30 times earnings and 6-8 times book, even with relatively strong finances, is risky when, as here, something goes wrong. Maybe this is a short term set back, and will soon be alleviated. Maybe not.

Buffett is a buyer of Apple, but not Amazon. Wonder why? AMZN is 64 times book and over 200 times earnings. APPL is ~18 times earnings and a more modest ~7.5 times book, at a price somewhat higher than Buffett was buying.

Sounds to me like a buy opportunity, Facebook stock at 20% off, I bet it rebounds quite nicely.

This is Zuckerberg's house. Quite modest for a mega-billionaire. Yes, he's been upscaling, but for years he rolled modestly.

Can't say he did not ask for it.
Can sat I do not care.

Couldnt happen to a nicer guy. Hows that liberal slant working out for you there skippy?

Wouldn't bother me at all to see Facebook just crash and burn and go away forever.

Never been on it, never will be

quote:

Originally posted by HRK:
Sounds to me like a buy opportunity, Facebook stock at 20% off, I bet it rebounds quite nicely.

I don't know about that. I enjoy Facebook for many reasons. But I'm noticing a sharp drop of friends who actively post. Younger people hardly give a shit about facebook.

I think it's mostly due to the whole privacy thing and how toxic it has become with people constantly posting political shit. I had to cut off people for that reason, democrat or republican.

quote:

Originally posted by RAMIUS:
But I'm noticing a sharp drop of friends who actively post. Younger people hardly give a shit about facebook.

I think it's mostly due to the whole privacy thing and how toxic it has become with people constantly posting political shit. I had to cut off people for that reason, democrat or republican.

Yeah, I have an account and maybe roll through it once or twice a month to like some of my friends photos. But I haven't posted a word in at least a year. I used a program to delete every post, comment, or like that I've ever made up to this year. And I run it every couple of months to purge it again.

My son and his GF have no FB account (young adults) and spend ZERO time on social media. Like none at all. They work summer jobs, go to the beach, play some video games, and get ready for the next semester of college.

This is my facebook.

Jeeze, a lot of this sounds like jealousy and . . . and, well I don't know what.

As JAllen says, much of his wealth is probably not realizable as it is in FB stock, which he can't sell much of at the market price. He is super-rich, but not super-super rich. Some of his net worth is hypothetical. This reduction is also sort of hypothetical.


But so what? What did he do to you haters?