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Facebook massive drop - buy opportunity?

3stars3stars Posts: 2,278 ✭✭✭✭✭
edited February 8, 2022 8:18AM in Precious Metals

Perhaps a bit of an overcorrection?

Previous transactions: Wondercoin, goldman86, dmarks, Type2

Comments

  • DrBusterDrBuster Posts: 5,300 ✭✭✭✭✭
    edited February 3, 2022 6:40PM

    I didn't want anything to do with it at ipo due to various factors (wrong play). Really don't want anything to do with it now with the whole metaverse crap (prob wrong again), but it's a byproduct of being in the whole online industry for 27-8 years since the get go and not liking the model.

  • MilesWaitsMilesWaits Posts: 5,297 ✭✭✭✭✭

    Yes down by 26% one word assume that this is a good buying opportunity.

    Now riding the swell in PM's and surf.
  • ScoobyDoo2ScoobyDoo2 Posts: 839 ✭✭✭✭✭

    To me, facebook is a symptom of all the wrong things....

  • MilesWaitsMilesWaits Posts: 5,297 ✭✭✭✭✭
    edited February 3, 2022 7:52PM

    Yes FB is a sh*t sandwich, upon which many feast, yet the question was is it a good buy or goodbye.

    Now riding the swell in PM's and surf.
  • cagcrispcagcrisp Posts: 1,057 ✭✭✭✭✭

    be Very careful trying to catch a falling knife.

    Short term META looks better than long term. Same demographics that work against coins works against META...

  • taxmadtaxmad Posts: 960 ✭✭✭✭

    Apple's new privacy setting was a $10 billion hit to FB - and they had fewer users. I have two kids in their early 20's and neither use FB. Might be a chance to make a quick buck, but next quarter's earnings could turn that wheezing noise into a sucking chest wound.

  • cagcrispcagcrisp Posts: 1,057 ✭✭✭✭✭

    You look at what is happening Currently with SNAP (Up 52% today) and you can see the demographic headwinds...

  • rte592rte592 Posts: 1,385 ✭✭✭✭✭
    edited February 4, 2022 4:04PM

    About the only use I would have for Facebook and Instagram is maybe the classified section to sell stuff.
    Still don't like the non privacy issue where they like to get in see all your photographs and all your contacts and 6000 other things so just not that interested

  • JimWJimW Posts: 539 ✭✭✭✭

    What is the relevance to precious metals???

    Successful BST Transactions: erwindoc, VTchaser, moursund, robkool, RelicKING, Herb_T

  • 3stars3stars Posts: 2,278 ✭✭✭✭✭

    @JimW said:
    What is the relevance to precious metals???

    Same as the stock market game, or the crypto threads, or…

    Previous transactions: Wondercoin, goldman86, dmarks, Type2
  • HigashiyamaHigashiyama Posts: 2,133 ✭✭✭✭✭

    I would tend to agree that a discussion of FB is veering off topic. I think the crypto discussions are relevant to a discussion about the nature of money, gold, and the dollar.

    Higashiyama
  • FrankHFrankH Posts: 757 ✭✭✭✭✭

    _Facebook is losing ground, and it appears Mark Zuckerberg may face limited options even as he tries to guide the company into the metaverse.

    Not only is the social giant facing a shrinkage in users and various short-term losses lately, but it remains uncertain if and when its shift to video content and its big bet on the metaverse will actually pay off._
    +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

    When my partner logged on a while back, her videos all started coming from China.
    She had to tweak her permissions to get it back to the stuff she liked.

    :/

  • blitzdudeblitzdude Posts: 5,290 ✭✭✭✭✭

    The moronverse is gonna be biggly. GL to the sheep, something tells me y'all will need it. RGDS!

    The whole worlds off its rocker, buy Gold™.

  • cagcrispcagcrisp Posts: 1,057 ✭✭✭✭✭

    @cagcrisp said:
    be Very careful trying to catch a falling knife.

    Falling knife is blooding some more speculators Today. Currently down over $10 or 4.5%

  • TwoSides2aCoinTwoSides2aCoin Posts: 43,758 ✭✭✭✭✭

    @JimW said:
    What is the relevance to precious metals???

    Meta makes up 80% of metal :blush:

This discussion has been closed.