You have to give Mark Zuckberg an award for having some front lol Now he is suggesting that governments are not regulating the internet properly. This despite the fact his company has been exposed as mining the personaly data of members and also trying to gain copyright over published photos. You really could not make it up lol
I think the term poacher turned gamekeeper springs to mind. I know you need a brass neck to succeed in business but he takes it to a different level lol
According to the graph there is no resistance in the short term - could possibly move back above $200 a share. However, when will investors wake up to the fact FB is nothing but a collector of information using cookies and scraping information from customer profiles.
I dont think you can call this a social media company anymore - not sure what you would call it but it does seem to be more of an information gatherer.
Just a quick question - if the social media section is saturated, where will future growth come for FB?
Good question - this may be why markets are not overly keen on pushing the shares back towards previous levels.
We will probably see at least a short term recovery in social media stocks on the back of those very impressive Twitter figures. As for the longer term - thats is anyones guess!
On one hand a well accepted set of results but on the other a multi billion dollar compensation fund for any privacy fines. Why put so much to one side if they "have done nothing wrong".
One newspaper hit the nail on the head - where is the competition for FB? The only threat are governments and regulators around the world - hence the $3b slush fund to cover potential fines
Facebook putting aside a multibillion-dollar fund to pay any “fines” although they don’t expect to be fined does not make sense. Let’s call Facebook exactly what it is, an information gathering, trend analysis company with an eye in every sitting room and office around the world.