Facebook Stock Plunges

A short time ago on the Christopher Scott Show I said that Facebook wasn't going to last that we were seeing the beginning of the end. They don't produce anything and the results of Facebook on society have been entirely negative. We'll see what the future holds.

Facebook plunges more than 24 percent on revenue miss and projected slowdown

On a call with analysts, Facebook advised it expected its revenue growth rates to be lower than the year prior, especially in the second half of this year. Sequentially in the third quarter and fourth quarter, it expected the decline to be as much as high single digit percentages. Some reasons included Facebook investing in Stories, which has lower levels of monetization, as well as improving privacy features as a result of GDPR and other user demands. It also is bracing for currency fluctuations as the dollar gets weaker.

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