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Old 07-26-2018, 04:15 PM  
T-post Tom T-post Tom is offline
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Zuckerberg Loses $16.8 Billion in Facebook Stock Drop
Zuckerberg's $16.8 Billion Wipeout Into Perspective

(Bloomberg) -- For many of the world’s richest people, losing $16.8 billion in a day would be a wipeout.

For Mark Zuckerberg, it’s just about a fifth of his net worth.

The Facebook Inc (NASDAQ:FB). co-founder, chairman and chief executive officer is set to see his wealth slide to sixth place from third on the Bloomberg Billionaires Index after the company’s shares lost of 20 percent their value in after-hours trading Wednesday, as the stock plunged following disappointing results.

It’s an evaporation of wealth so big it would have left the following multi-billionaires without a cent to their name:
  • Charlene De Carvalho-Heineken -- she is the biggest shareholder of the world’s second-largest brewer Heineken NV and has a net worth of about $16.7 billion
  • Iris Fontbona & family -- Fontbona is the matriarch of Chile’s richest family, which controls Antof@gasta (LON:ANTO) Plc (among the world’s largest copper producers)
  • Leonard Lauder -- chairman emeritus of Estee Lauder Cos Inc., one of the largest makers of cosmetics and fragrances globally
  • Zhang Zhidong -- co-founder of Tencent Holdings Ltd. and has a net worth of $16.2 billion
  • Elaine Marshall -- a director at Koch Industries Inc., the second largest closely held business in the U.S.
  • William Ding, chief executive officer of NetEase Inc. with a fortune of $16 billion

In fact, it would have wiped out 87 percent of the billionaires in Bloomberg’s index.

https://www.investing.com/news/stock-market-news/putting-zuckerbergs-168-billion-wipeout-into-perspective-1545851
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Old 07-27-2018, 09:08 AM   #46
Eleazar Eleazar is offline
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Yeah, I'd switch. But then again, part of the problem with Facebook is people putting up stupid stuff that's just copied and pasted. But I'm against them stealing personal information as well.

I wish there was a version of Facebook where you only got original content and nothing could be "shared" with you.
I've said this many times. I wish I could turn off all "Shares". But Facebook doesn't want that obviously, because it lowers the amount of content being posted and reposted for people to interact with, and thus data for them to mine about you. And the media outlets that have their articles and blog postings and such being spread via Facebook don't want that either.

The only people who dislike all the garbage posts are the users, who aren't paying, and who are the product anyway, not the consumer - so I don't expect it will change
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Old 07-27-2018, 10:34 AM   #47
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What viable alternatives?
MeWe.com is pretty much what facebook was 10 years ago. The only difference is you don't have a personal "wall", you just have the news feed.


The only thing I would miss is the ability to go "live", but that's not really much different that recording a video and then posting it.
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