Good news for Facebook, which has had some very difficult months lately, with the Cambridge Analytica fiasco. But it seems that the entrepreneurship he attributes to the social network does not stop with anything…
Facebook announced last Wednesday earnings in the last quarter. The company reported earnings of $1,69 per share, on revenue of $11,97 billion for the quarter, much better than thepriceyou of Wall Street.
In particular, revenue growth increased by 49% compared to the same quarter last year, indicating that despite the adverse conditions created by the company's behavior, the social network managed to survive not only unsustainably but also with much more profits .
User development in the Facebook database was also solid. The company has 49 million daily users and today 1,45 billions of people use the service every day.
All of the above can confirm that Mark Zuckerberg's negative response to Senator Lindsey Graham's question is probably not true:
Senator Lindsey Graham asked Zuckerberg:
"Who is your biggest competitor?"
The CEO tried to answer the question by mentioning the companies Google, Apple, Amazon and Microsoft as an "overlap" to Facebook.
"If I buy a Ford, and it does not work well, and I do not like it, I can buy a Chevy. If I'm disappointed with Facebook, what is the corresponding product I can subscribe to? ” Graham asked, interrupting Zuckerberg.
When Zuckerberg tried to resolve the different types of Facebook services, Graham repeated his question.
"I am not talking about accusations. I'm talking about the real competition you face. Because car companies face stiff competition. They make a faulty car, it goes out into the world, and people stop buying it and buy another one. Is there an alternative to Facebook? ”
Zuckerberg went on to say that the "average American uses eight different apps" to connect with their friends, trying to frame Facebook as one of the many apps on the market. Shortly afterwards, Graham interrupted him and asked him if he believed Facebook was a monopoly.
"I certainly do not think so," replied Zuckerberg.
A company that survived a scandal of this magnitude probably has nothing to fear anymore. The fact should concern many of the users themselves (they can judge) to the regulators (who do not have financial interests). The unmanageable upward trend of the social network brings to the fore a power of the future that will not have political or social values but is listed on the Stock Exchange.
We are now talking about stock market values, which leave no room for social policy and interest in the individual and his privacy. What we are beginning to observe and may later "grow up" is that governments, but also the stakeholders themselves difficult to limit large online companies (see Google, Facebook, Amazon, etc.). Of course all of us or most of us know what is happening with the Internet giants and our personal ones information, but we show an unrepeatable tolerance.
Maybe what we are seeing happening right now is the harbinger of the Internet and the society that is coming, when we "ancient" (Digital Immigrants according to Tsiopella) who have these outdated memories of a time that did not exist cell phones.
I quote a bit of it Digital Indigenous People of Dimitra Tsiopela
Digital Indigenous people live most of their lives online without separating online from offline. Rather than confronting their digital identity and identity in the real world as separate things, they have only one (with representations in two, three or more spaces). They do not regard hybrid lives as something peculiar. Through social networks, they connect, talk and share photos with friends from around the world. They may still work creatively or politically in ways that would have been impossible thirty years ago. But in this course of relentless connectivity, the essence of relationships - even what it means to be "friends" with someone - changes. Online friendships rely heavily on the same elements based on traditional friendships - common interests, frequent interaction, etc. - but they also have a very different feature: They often disappear, it is easy to get in and out of them without even a goodbye. And it may also be lasting in ways we still have not understood.
The brain of the person who grows up in the videosgameand the virtual digital world is used to saying: "I can quit what I'm doing whenever I want" and "I want a reward here and now!" I don't like the long-term effort that will compensate me in the distant future." For a person who is used to reading according to the F-standard, it is very difficult to read even one page of a book paying the necessary attention to the entire text. These are all factors that affect children's behavior and performance in the classroom and educators must now take them into account. “We have a brain that is open and still changing and a technology that requires us to become faster and more automatic. A natural consequence of this is to increase the likelihood of making mistakes," says cognitive neuroscientist Laura-Ann Petitto at the University of Toronto, a pioneer in research on speech disorders...
Το απαισιόδοξο σενάριο λέει ότι υποβαθμίζουμε τις λεκτικές και υπολογιστικές ικανότητες σε “γνώσεις χαμηλού επιπέδου”, ενώ αναβαθμίζουμε τις ικανότητες συλλογής πληροφοριών, αναγνώρισης προτύπων και control of space, which are reinforced by the long hours in front of the computer screen. This will be the first step in a series of demotions that will follow the Digital Natives through High School and University, until everyone exits the educational process with a PhD in Googling. The optimistic scenario tells how the Digital Age generation will be the most creative and communicative of all. It will change the world and culture in ways we never imagined and give equal opportunities to more people by providing free and unlimited access to all kinds of information.
Good morning. I have a small objection to… profits.
The reported profits refer to the period of the 3st quarter of 2018 (1Q 2018). The scandal with Cambridge Analytica became known to the market from the beginning of April 2018, while it was known to market buyers from March 2018. That is, the masses found out after the first 3 months.
Even if we accept the insiding (internal information of the examiners and the examiners) this would not be so dynamic (against the market) as to affect: (a) the value of the share and (b) the profits of the company. And let's not forget that Zhugi sold his 1,14 shares on Facebook 2 weeks before the scandal was announced.
The amount of 1,4 million shares for a company that has 2,40 billion shares is judged - very leniently - as a pin in a barn. At this point another parameter should be added. The fact that Juggi (theoretically !!!) sold (as he stated) at a price higher than the one traded on the Stock Exchange. For the exact sale at the official price of the "dashboard" + $ 20 (premium) per share.
Yes… Ok… but all those present in Jerusalem know the… work done by the market makers of the stock exchanges (companies that make you "black look white" in the stock exchanges) and the Public Relations Sectors where, they have nothing to do with you they announce something that is not true, knowing that "who will sit down to look for whatever we declare?" …
Finally, regarding the re-rally of Facebook shares in the stock market, I will state that anyone who has questions about this rally should refer to my answers above for market makers and the Public Relations Sectors. That is, departments that do not have much to invest in internal uptrends of shares of companies that they want to support, just to show the ticker of the stock market uptrend, trend (momentum) and others (bulls…)
I clarify that my relationship with finance is satisfactory, but with the stock market I have negative relationships for 2 reasons. A) I know very well that the modern stock exchanges are JOGOS and B) I was never a gambler.
Hoping I did not tire your readers and wishing to be judged by the whole thinking population that λεται is announced by "companies" and the financial criminals hired around them
C.
always welcome your comments Giorgos