Is it time to leave Facebook?

Anybody watching the FB implosion? Down
20% so far, 100 billion lost. Time to get rid
of the socialist/commie prick Zuck. Enough
with the blatant censorship.

I think FB was way overvalued to begin with and this is just a correction.

many have been using snapchat instead
less permanent
more control, I'm told.

Facebook has always been intrusive and marketing oriented.

Quote: Wizard

I think FB was way overvalued to begin with and this is just a correction.

For many members of the "real time" billionaire list there are huge fluctuations. Zuckerburg is on the top 10. For a concept that is so easy to copy, it is remarkable that he has stayed up in the stratosphere so long.

Remember WordPerfect? Lotus 1-2-3?

Bezos is up $50.4 billion so far this year which is more than Sheldon Adelson fortune.


Rank Name Total net worth $ Last change $ YTD change Country
1 Jeff Bezos $149B -$4.39B +$50.4B United States
2 Bill Gates $96.8B +$182M +$5.04B United States
3 Warren Buffett $82.5B +$211M -$2.85B United States
4 Bernard Arnault $77.1B -$1.31B +$13.8B France
5 Amancio Ortega $73.4B +$82.4M -$1.94B Spain
6 Mark Zuckerberg $70.6B -$15.9B -$2.22B United States
7 Carlos Slim $62.4B -$117M +$847M Mexico
8 Larry Page $61.3B +$283M +$8.92B United States
9 Sergey Brin $59.7B +$274M +$8.62B United States
10 Larry Ellison $55.3B -$38.9M +$2.17B United States
11 Francoise Bettencourt Meyers $48.9B +$34.7M +$4.41B France
12 Charles Koch $47.1B +$37.5M -$1.03B United States
13 David Koch $47.1B +$37.5M -$1.03B United States
14 Jack Ma $44.6B -$548M -$835M China
15 Mukesh Ambani $44.5B -$238M +$4.20B India
16 Jim Walton $43.1B +$166M -$2.98B United States
17 Rob Walton $42.8B +$183M -$3.78B United States
18 Alice Walton $41.4B +$151M -$3.97B United States
19 Steve Ballmer $41.3B -$403M +$8.37B United States
20 Pony Ma $37.9B -$469M -$3.04B China
21 Sheldon Adelson $37.3B -$1.59B +$1.41B United States
22 Francois Pinault $37.0B -$463M +$10.7B France
23 Li Ka-Shing $32.2B +$115M -$2.54B Hong Kong
24 Jacqueline Mars $31.9B +$1.48B -$1.77B United States
25 John Mars $31.9B +$1.48B -$1.77B United States
26 Phil Knight $31.8B +$331M +$4.34B United States
27 Dieter Schwarz $29.4B +$1.17B +$5.15B Germany
28 Hui Ka Yan $29.0B +$252M -$7.04B China
29 Jorge Paulo Lemann $27.4B -$893M -$2.28B Brazil
30 Paul Allen $26.5B -$132M +$2.43B United States

Quote: Evenbob

Anybody watching the FB implosion? Down
20% so far, 100 billion lost. Time to get rid
of the socialist/commie prick Zuck. Enough
with the blatant censorship.

I have been backing off of it for months. Just a bunch of memes. Mainly I am on it for a few connections worth keeping in touch with. The glory days are over, and have been for 3 years or so.

Quote: Wizard

I think FB was way overvalued to begin with and this is just a correction.

My brother was talking about buying some stock earlier in the week. Last night I texted him good thing he had not done so yet. He asked why so I said check the news.

I have not analyzed the stock much, so do not know the metrics. But I do know FB is one of those companies valued on forward growth, as it has little in the way of assets and is as you state, overpriced to begin with. AMZN will share the same fate if they have a hiccup. People need to watch "Shark Tank" more before buying these stocks.

Zuke has too much voting power locked up to get the boot.

Quote: Pacomartin

For a concept that is so easy to copy, it is remarkable that he has stayed up in the stratosphere so long.

The thing with businesses like that is you need a certain critical mass to be successful and most people want to be on the platform that everyone is on. There were other social network sites when Facebook started, but he somehow managed to become the dominant player.

Quote: Wizard

The thing with businesses like that is you need a certain critical mass to be successful and most people want to be on the platform that everyone is on. There were other social network sites when Facebook started, but he somehow managed to become the dominant player.

I understand about critical mass, but we've seen so many things at critical mass that got toppled.


Software makers used to complain about Wang processors in the 1970's as so many people wanted the new software to mimic the key strokes of a Wang. Then a decade later Word Perfect crushed it, and seemed unassailable. It took another decade for Microsoft Word to destroy it. Now you can download free software that works virtually identical to Microsoft Word.

Critical mass runs face to face with the mobs mentality. I am not saying that he will lose his status as one of the wealthiest men in the country, but I just don't think he can stay on top forever.

Paul Allen left Microsoft 35 years ago, and he is still one of the country's wealthiest men.

Quote: Wizard

The thing with businesses like that is you need a certain critical mass to be successful and most people want to be on the platform that everyone is on. There were other social network sites when Facebook started, but he somehow managed to become the dominant player.

Yes. Its like a dating site A certain critical mass is important. Yet often features and quality can be irrelevant.

Consider the qwerty keyboard. It persists, no matter how good Dvorak is.

Consider that free chat program that is geared to schools and colleges. No sign up, just choose a unique name and start chatting with no identity checks or emails needed. Everyone writes articles about how trolls, perverts and sexploitation types can easily sign up yet its clear that if the owner changed these features or just went out of business there would be half a dozen replacement programs online in less than thirty minutes.

A lot of facebook's defects are subtle and buried in verbiage.

Netscape was the browser leader until Microsoft bundled a browser with an operating system.

Everyone seems to have different messenger services.

Snapchat had a good idea but snapchat apps exploited some weaknesses in it.

cable companies exploited customer ignorance and the first mile/last mile monopoly situations as well as municipal network legislation but now subscribers are cutting their cable connections entirely with this Firestick and other services that are much cheaper and stay cheaper unlike Comcast's constant price increases and upselling.

A lot of people stay on facebook simply because they are already there and if not ecstatic about it they at least are content enough to stay rather than go thru the nuisance of finding an alternative and trying to import contact names.

Quote: Wizard

The thing with businesses like that is you need a certain critical mass to be successful and most people want to be on the platform that everyone is on. There were other social network sites when Facebook started, but he somehow managed to become the dominant player.

He had the right timing. The internet as most people know it started about 1995. Facebook in 2004 to college kids. The early internet was changing every day. By 2004 it had settled and there was some idea of what worked and what didn't. FB made it easy to sign on and you used it in little bites. Plus by 2004 everyone you knew was online, not the case years earlier.

Capturing the college kids with loads of time to chat online probably was the most important. I saw it in 1992. Being online on a college campus was addicting, but we had maybe 20 people really online and we all knew each other. Most everyone else didn't know all this stuff existed. Back in my day it was not even a GUI, you had to know commands.

Kind of what Mark Cuban said. It is not all that hard to become a millionaire. But to be a billionaire you have to be in the right place at the right time. Had he started his business 5 years sooner or later, Cuban would be watching "Shark Tank" at home with the rest of us.

I think Facebook and other platforms are using the wrong strategy.

Instead of censoring certain posters, they should just turn off that poster’s filters.

So, on a neo-Nazi YouTube channel, not only could they not block any visitors comments but you could post your own videos on their channel.

Up to a limit of course, and under same terms of service.