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Whoa... A 41% increase in sales, 2 billion extra in profit, but slowing growth because apparently there isn't another planet full of people that Facebook can sign up.
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Jul 26, 2018 15:14
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I have a friend that goes through an existential crisis everytime Facebook tanks because he has all his money sunk into that stock. Then again he's a true believer who bought like 3 years ago and has never sold even during the hearings so I guess he might be GWM.
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Jul 26, 2018 15:25
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WTF is going on with their stock, not 4 months ago it had dropped to 152 before climbing back up to 208, and now dropping again. Sounds like a correction.
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Jul 26, 2018 15:30
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Spring Heeled Jack posted:WTF is going on with their stock, not 4 months ago it had dropped to 152 before climbing back up to 208, and now dropping again. Sounds like a correction. Very disappointing guidance in the earnings report related to slowing of growth. It turns out they are running out of people to get on the platform to extract more advertiser dollars. Who could have possibly foreseen such an event?
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Jul 26, 2018 15:34
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Spring Heeled Jack posted:WTF is going on with their stock, not 4 months ago it had dropped to 152 before climbing back up to 208, and now dropping again. Sounds like a correction. That was the Cambridge Analytica mess. Then people realized nothing matters™ and the stock shot up again. This is just the realization Facebook can't grow forever and isn't paying a dividend so well...time to die.
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Jul 26, 2018 15:37
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It's more sophisticated than that. Facebook is growing users, but only places that users aren't really worth anything - the subcontinent, Africa. User profitability is slightly up in the US (but less than expected), but average users monthly is flat (US user growth has stopped). Average users are flat in Europe too, and per user profitability there is likely to be down because of privacy regulations. More importantly, the leadership reiterates that they see no reason to pursue profitability in the short term, and that user concerns have led them to increase costs related to data security and user experience by 45% YOY. This is the single largest single day market capitalization drop by total $ in stock market history.
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Jul 26, 2018 15:50
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BWM: Paying for your online girlfriend's rape kits. https://www.reddit.com/r/legaladvice/comments/91sy4n/hospital_told_my_gf_she_was_raped_now_theyve_said/ Not really worth pasting the whole thing in here, but she got him believing that blood tests can confirm or deny rape. Probably belongs in both the scams thread and stupid people thread.
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Jul 26, 2018 16:10
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Jake Mustache posted:BWM: Paying for your online girlfriend's rape kits. please, check out this user's reddit comment history. you deserve it. don't skip to season 3 of this one, the slow burn setup is excellent edit: not that it's particularly hilarious or anything, but you can see him (an adult) getting set up to shell out money to his girlfriend (a 16-year-old) a mile away edit edit: there are some good takes here https://www.reddit.com/r/bestoflegaladvice/comments/91xbbb/an_incredibly_fucked_up_heartbreaking_story_of/ Spokes fucked around with this message at 17:40 on Jul 26, 2018 |
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Jul 26, 2018 17:00
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EAT FASTER!!!!!! posted:It's more sophisticated than that. By "pursue profitability" do you mean revenue growth? Because the company is already monstrously profitable and has been for years. Their margins are completely insane.
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Jul 26, 2018 17:42
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Vox Nihili posted:By "pursue profitability" do you mean revenue growth? Because the company is already monstrously profitable and has been for years. Their margins are completely insane. Stock prices are hugely dependent on future earnings, not current ones. Which is one of the reasons why AT&T's stock price is like $30/share even though they are insanely profitable. They can't grow anymore unless they buy competitors, which is very expensive. So long as Facebook was on a rocket trajectory with cheap new users it's stock was rising. Now they're hitting saturation and at the same time have announced plans to enhance privacy and limit certain types of advertising. The market they absolutely need to keep double digit growth is China. But their first foothold in China opened yesterday and was shut down the same day. So Facebook isn't going anywhere, but it's probably not going to be an 'internet stock' for much longer. They'll need to part with their profits and pay a dividend if they want to keep their share price higher.
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Jul 26, 2018 18:06
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Spokes posted:please, check out this user's reddit comment history. you deserve it. don't skip to season 3 of this one, the slow burn setup is excellent You don't even need to read any of the posts in entirety; the details spell themselves out in the thread titles: (GA) Prosecuting for sexual abuse [F-16] Last night. Alcohol, Xanax, abuse, anger (GA) Anonymity for rape kits - following sexual abuse (F-16) A monster turned our world upside down We got the rape kit results back. He took my girlfriend's virginity. She doesn't want to pursue charges Medical costs after rape/assault [GA] I don't want my gf to be visiting/contacting her mom. She is upset about this Hospital told my gf she was raped. Now they've said she needs another test as results were "inconclusive". We have to pay again. [GA] My gf was told she had been raped. Today, we found out this was wrong. Now, I've been left with a lot of questions.
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Jul 26, 2018 18:23
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Krispy Wafer posted:Stock prices are hugely dependent on future earnings, not current ones. Which is one of the reasons why AT&T's stock price is like $30/share even though they are insanely profitable. They can't grow anymore unless they buy competitors, which is very expensive. So long as Facebook was on a rocket trajectory with cheap new users it's stock was rising. Now they're hitting saturation and at the same time have announced plans to enhance privacy and limit certain types of advertising. So in short, revenue growth, not profitability. For reference, Facebook's margin is like 40%, AT&T's is like 10%. Vox Nihili fucked around with this message at 18:27 on Jul 26, 2018 |
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Jul 26, 2018 18:24
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Vox Nihili posted:By "pursue profitability" do you mean revenue growth? Because the company is already monstrously profitable and has been for years. Their margins are completely insane. OI from ongoing operations was down $2B quarter over quarter, and cost of revenue increased $300M. If the value of a share of Facebook is based on continued growth of OI (it is) then this quarter would be very bad for the shareholders (it was).
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Jul 26, 2018 18:27
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https://www.whitecoatinvestor.com/how-to-live-on-350k-in-hawaii/quote:Q. How Do I Live on $350K in Hawaii? Oof, how am I going to get by on 5x the median household income in Hawaii!?
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Jul 26, 2018 18:28
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Vox Nihili posted:So in short, revenue growth, not profitability. https://www.nasdaq.com/symbol/fb/financials?query=income-statement&data=quarterly If revenue is flat and costs go up, profit goes down.
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Jul 26, 2018 18:30
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canyoneer posted:https://www.whitecoatinvestor.com/how-to-live-on-350k-in-hawaii/ I like WCI's answer, at least.
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Jul 26, 2018 18:32
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Their number one piece of advice is to move to Texas instead lol
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Jul 26, 2018 18:33
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It doesn't help that with Facebook's monstrous profit they also refuse to issue a dividend. That only makes sense to investors if there is continued revenue and profit growth to justify hoarding cash. At this point where FB has leveled out on growth, they should definitely be paying out dividends.
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Jul 26, 2018 18:35
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Raldikuk posted:It doesn't help that with Facebook's monstrous profit they also refuse to issue a dividend. That only makes sense to investors if there is continued revenue and profit growth to justify hoarding cash. At this point where FB has leveled out on growth, they should definitely be paying out dividends. Dividends are the stock equivalent of moving from a hip downtown apartment and buying a house in the suburbs. It signals that you're not a growth company anymore
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Jul 26, 2018 18:39
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brugroffil posted:Their number one piece of advice is to move to Texas instead lol and he closes out with: quote:I empathize with you. It’s harder than most people think to live on $350K 
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Jul 26, 2018 18:45
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This one isn't too bad..... How to save $20 a week quote:Looking for an app to start saving $20 a week. Ideally it would incur some sort of interest. I'm 20 with about $5k in savings, and am looking to expand my saving techniques. ....but seriously. Is this where we're at? You need an app to figure out how to save $20 a week?
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Jul 26, 2018 18:45
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canyoneer posted:Dividends are the stock equivalent of moving from a hip downtown apartment and buying a house in the suburbs. It signals that you're not a growth company anymore Stock is also a relatively cheap way to get and keep talent. But that requires your stock to keep appreciating. It’s been a long time since someone got hot and bothered over GE stock options.
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Jul 26, 2018 18:47
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canyoneer posted:https://www.whitecoatinvestor.com/how-to-live-on-350k-in-hawaii/ The responses are super satisfying, anyway. Doctors are special when it comes dealing with money, even relative to the average American.
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Jul 26, 2018 18:55
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Krispy Wafer posted:Stock is also a relatively cheap way to get and keep talent. But that requires your stock to keep appreciating. Facebook does RSUs, not options, just like many tech companies these days.
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Jul 26, 2018 18:56
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One of my coworkers told me that he put all of his retirement savings into a money market account the day after Trump was elected and they are still in there. He has some kind of sunk cost fallacy mindset that since he took it out to avoid the incoming crash, that he should just wait until the next crash to put it back in. I have no idea how much he has, but he's in his early 50's, so there was potentially a good chunk of money he missed out on.
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Jul 26, 2018 19:05
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Subjunctive posted:Facebook does RSUs, not options, just like many tech companies these days. fact it's an rsu doesn't actually take away from that statement, it just means less leverage
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Jul 26, 2018 19:05
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bob dobbs is dead posted:fact it's an rsu doesn't actually take away from that statement It means that the stock doesn’t have to go up to be worth something to the employee. Flat-line stock pricing still gets people their comp.
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Jul 26, 2018 19:06
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Subjunctive posted:It means that the stock doesn’t have to go up to be worth something to the employee. Flat-line stock pricing still gets people their comp. but it still means that peeps are getting 20% less equity comp in cash dollars, which is the only thing peeps care about
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Jul 26, 2018 19:07
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bob dobbs is dead posted:but it still means that peeps are getting 20% less equity comp in cash dollars, which is the only thing peeps care about Yeah, it’s rolled back to...April pricing. Options require that the shares go up for the comp to be worth anything at all. RSUs are much more forgiving, because they strike at zero. I suspect there are quite a few execs who would have been excited about GE RSUs over the last year, even though the stock is down a bit. Do you reason about RSUs and options the same way when evaluating a package? I certainly don’t.
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Jul 26, 2018 19:12
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https://www.youtube.com/watch?v=JyZLbJOjTCg BWM The lottery. GWM The lawyer who represents the kid. Porcelain equity y'all! https://www.youtube.com/watch?v=8NzKTA3T8Zo&t=136s DEMAG fucked around with this message at 19:20 on Jul 26, 2018 |
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Jul 26, 2018 19:15
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Subjunctive posted:Facebook does RSUs, not options, just like many tech companies these days. I did not know that. My limited exposure to that world has been a combination of the two. My co-worker at my last job still remembers the exact amount his Nortel stock options peaked at before they went on to be worth absolutely nothing and as he tells you that amount a small tear will go down his grizzled cheek.
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Jul 26, 2018 19:20
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Subjunctive posted:Yeah, it’s rolled back to...April pricing. Options require that the shares go up for the comp to be worth anything at all. RSUs are much more forgiving, because they strike at zero. I suspect there are quite a few execs who would have been excited about GE RSUs over the last year, even though the stock is down a bit. i work almost exclusively in startupland
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Jul 26, 2018 19:26
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Krispy Wafer posted:My co-worker at my last job still remembers the exact amount his Nortel stock options peaked at before they went on to be worth absolutely nothing and as he tells you that amount a small tear will go down his grizzled cheek. Yeah, the 90s were a hell of a ride.
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Jul 26, 2018 19:26
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DEMAG posted:https://www.youtube.com/watch?v=JyZLbJOjTCg
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Jul 26, 2018 19:40
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Hoodwinker posted:That first video, my god. I knew a girl who worked in a convenience store and one of the lottery customers would promise her every day "if I ever win big - I'm coming back for you!" So...the customer hit big and the girl realized this since she had memorized his numbers. She was overjoyed! She would be getting a piece of that jackpot! And then a funny thing happened - he stopped coming in the store. Like 2 months later she saw him somewhere around town and he pretended not to know who she was.
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Jul 26, 2018 19:49
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canyoneer posted:Dividends are the stock equivalent of moving from a hip downtown apartment and buying a house in the suburbs. It signals that you're not a growth company anymore That's definitely true, and also is where FB is. They just need to accept it.
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Jul 26, 2018 21:07
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EugeneJ posted:I knew a girl who worked in a convenience store and one of the lottery customers would promise her every day "if I ever win big - I'm coming back for you!" Girl should be mad at the store owner, if anyone. If your store sells a winner, you get a big payout. Stores can waive this in exchange for a tiny sum when they get authorized to sell lotto, though.
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Jul 26, 2018 21:45
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GoGoGadgetChris posted:Girl should be mad at the store owner, if anyone. If your store sells a winner, you get a big payout. I'm pretty sure that's not true. Maybe they get some free "winner sold here" marketing material, but there's no reason to give them cash.
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Jul 26, 2018 23:57
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SlapActionJackson posted:I'm pretty sure that's not true. Maybe they get some free "winner sold here" marketing material, but there's no reason to give them cash. It’s true in some places at least. https://www.ctvnews.ca/mobile/canada/quebec-grocery-store-celebrating-60-million-lottery-ticket-sale-1.3234438 quote:As part of selling the winning lottery tickets, the store's owners receive one per cent of the jackpot as a prize.
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Jul 26, 2018 23:58
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Sepherothic posted:The guy in the OP is a Foreign Medical School graduate (FMG), with lovely boards scores to boot. Is $450k a normal debt load for medical school? It was my understanding that even the most costly medical schools should be closer to $250k, and in general foreign schools are cheaper Motronic posted:Very disappointing guidance in the earnings report related to slowing of growth. It turns out they are running out of people to get on the platform to extract more advertiser dollars. Who could have possibly foreseen such an event? 58% of the entire world adult population has a Facebook account, only 54% has internet access
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Jul 27, 2018 00:01
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