Six reasons behind the collapse of the stock al New York Stock Exchange
Wall Street opens its doors e Half (there holding which holds Facebook, Instagram and WhatsApp) plummets by more than 26%. Of the accounts it is already said here, but it remains to be understood what is the problem that scares market participants so much to convince them to escape from a company they registered $ 10.3 billion in profit for the quarter and has closed the period with 33.67 billion in revenues, 800 million less than analysts’ forecasts. Vertical collapse results in a decrease in capitalization in the order of 200 billion dollars. The whole Pnrr Italian, so to speak, evaporated within a trading session.
The question, therefore, is because? The answers are many. There first it is rather trivial: there are no more i lockdown. And therefore people spend less time at home, so they interact less on social and, consequently, yield less to the company founded by Mark Zuckerberg. Which, in the meantime, could at the same time be dropped from the list of holders of assets exceeding 100 billion and from top 10 of the richest in the world.
Second reason, which in a normal world would be a merit, but so be it: Facebook after having contributed at least neutral (not to say active) to the propagation of false content, biased news and having given life to the horrible concept of a bubble – for which only receives content close to what has already been shared, self-feeding beliefs that are based on fallacious or artfully manipulated – which led to many disasters during the pandemic (and not only), had to intervene by putting the famous “alerts” on sensitive content and starting a systematic campaign of debunking of fake news. Zuckerberg did this when he realized that no government would allow him to continue to be the helm of democracy. But the filter has helped to remove many users who have turned to other social networks such as Telegram or Signal.
Third problem: for the first time Facebook registered a number of active users down, passing from 1.93 to 1.929 billion per month. There are “only” ten million, but they are very young who have chosen TikTok or other platforms deemed closer to their interests. On the other hand, just look at the persistence of the infamous boomer (from “good morning kaffè” onwards) to understand that Facebook is no longer a social network for young people.
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