Facebook loses 120 Billion overnight, will this effect the Rift?

falken76 · July 2018

Will the 120 Billion dollar loss in stock on facebook effect the rift in any way? What do you think?

OmegaM4N · July 2018

Stockholders won't be happy with the CEO that is for sure, could this be the end of Zuckerberg, maybe.

kevinw729 · July 2018

Been a lot of talk about unhappiness from the share holders especially after the legal trail and the revelation of the additional billion invested in OVR. But MarkZ is Teflon at the moment so I would not be surprised if he weathers this storm. Regarding any fall back for OVR.... yeah I think there will be a greater impetus to tighten all the ships, and possibly secure better control - makes me think more on that suggestion of Facebook VR re-branding. Though OC5 will be a interesting stage opportunity for MarkZ!

DaftnDirect · July 2018

From what I can make out the share price fell directly after Facebook announced lower than expected user growth so that's probably the reason rather than previous issues about security or legal fights as those issue must have already had their effect on shares.

It seems share price has fallen to the level they were at in May so if you're of the opinion that share price effects VR investment then those concerns would have applied back then unless I'm being too simplistic.

If anything the need for Facebook to invest in new ways to socialise is more important then ever, if the problem is that they're getting to the point where most people who want to use Facebook are already using it.

vanfanel · July 2018

No. The daily fluctuations of stock price will not have an effect on the rift.

BeastyBaiter · July 2018

The price of a company's stock has zero relation to the profitability or actual value of the company. It's all just monopoly money that's bought/sold on speculation. Most of that speculation is not rational. The only time the stock price has any impact on a company is when they need to raise money by printing more shares and selling them. I don't expect this particular drop to have any impact either short term or long term.

dburne · July 2018

Yeah I got a little concerned after hearing this, if that was going to affect say a CV2 going forward, sure hoping not. I am pretty sure OVR knows they have a "golden goose" with their VR ventures. They need to grab it and hold on through both the ups and downs.

snowdog · July 2018

It isn't going to affect bugger all.

Zenbane · July 2018

Zuckerberg also owns instagram, which is now worth more than 100 billion dollars.

Dropping pocket change in the couch usually doesn't make someone go belly up, na' mean?

I mean look at HTC, they are still doing fine even though they have been "negative" revenue for years. Even with this market share loss, Facebook is still making positive revenue.

Hiro_Protag0nist · July 2018

falken76 said:

Will the 120 Billion dollar loss in stock on facebook effect the rift in any way? What do you think?

A little dusty but still works fine.

kevinw729 · July 2018

Just interesting to remember that HTC just received $2b from Google - so that puts things into perspective.

RedRizla · July 2018

It won't effect the Rift, but it affected me to some degree. I'd be happy with £200 in my bank account to spend right now.

RorschachPhoenix · July 2018

I think it will not hurt VR production and all. Facebook wants to get into our brains for world domination - there's a price to pay for that and stuff.

PhoenixSpyder · July 2018

In this day and age, that kind of loss is almost yawn developing. There is so much money in these large corps that its almost expected from time to time. Stocks are always going to fluctuate one way or another. These corps don't get there by being concerned about it. They ride it through and carry on.

falken76 · July 2018

Zenbane said:

Zuckerberg also owns instagram, which is now worth more than 100 billion dollars.

Dropping pocket change in the couch usually doesn't make someone go belly up, na' mean?

I mean look at HTC, they are still doing fine even though they have been "negative" revenue for years. Even with this market share loss, Facebook is still making positive revenue.

Wow, I didn't realize 120 Billion dollars with a "B" was pocket change. If I were him I can't help but think the thought "Damn 120 Billion lost in 1 day, that exceeds the value of Instagram by 20 Billion dollars!" and not "Oh well, it was 120 Billion, that's pocket change" would be running through my head when I was able to draw my focus off the many ulcers that developed over night. And here I am, I had to back out of my McDonalds Sausage McGriddle aquisition today because I am short 35 cents for the tax.... My deal was literally killed due to a lack of "pocket change"

falken76 · July 2018

PhoenixSpyder said:

In this day and age, that kind of loss is almost yawn developing. There is so much money in these large corps that its almost expected from time to time. Stocks are always going to fluctuate one way or another. These corps don't get there by being concerned about it. They ride it through and carry on.

This shareholder sees things differently:

https://www.theglobeandmail.com/business/article-shareholder-suing-facebook-after-19-per-cent-stock-drop/

I don't give 2 shits as long as it doesn't hurt Oculus R & D

PhoenixSpyder · July 2018

falken76 said:

PhoenixSpyder said:

In this day and age, that kind of loss is almost yawn developing. There is so much money in these large corps that its almost expected from time to time. Stocks are always going to fluctuate one way or another. These corps don't get there by being concerned about it. They ride it through and carry on.

This shareholder sees things differently:

https://www.theglobeandmail.com/business/article-shareholder-suing-facebook-after-19-per-cent-stock-drop/

I don't give 2 shits as long as it doesn't hurt Oculus R & D

I agree, it's the shareholders that become concerned. The problem with such huge corps now-a-days is some are approaching 1 trillion dollars, so even a small % drop can cause serious repercussions in the stock market for those who own much. One of my friends was loosing $35k per day during the last serious stock market crash...he has long since recovered...after riding through the storm. His comment was: 'If I don't have the cold hard cash in my hand, even though there is a digital number stating what I have...it can be gone in an instant...and there's no way of getting back unless something recovers'... That is the only way to really look at it, without worry, and to ride the stock market...it is very volatile. FB is a prime example of how things can change over night...and as large corps grow larger...things are just going to get all the more volatile for those who play the game.

DaftnDirect · July 2018

But it's 120 billion that was gained since May. I don't think he was jumping around shouting about that gain, any more than he's now miserable about the loss. That's total share value by the way, not what he lost.

Prices go up and they go down, no big deal for him bearing in mind what he's gained since the start. Perspective is a wonderful thing.

kevinw729 · July 2018

If reason, and pragmatic decisions rules the board rooms of modern America the tech industry would be a happier place, but as we have seen (such as with ML), rash and poorly judged decisions and greed steer a lot of outcomes. Its difficult to see who could lead FB after MarkZ, and if the board did take away his ability to steer new investment would he stay? But for OVR, the issues shaping its future have more to do with the reactions to the launches planned in the next 12-months!

DaftnDirect · July 2018

Totally agree, Oculus' future depends on Oculus. Maybe over the next year or maybe they'll be even more sensible and keep the investment bullish for 5 years. I'd say VR needs that length of time before the arguments over its future go away.

kevinw729 · July 2018

I agree @DaftnDirect - but I do not think the consumer VR community will be given five years (no matter MarkZ's estimation really were on mainstream adoption!) The knives are out, and a lot rests on can the next hardware releases find a strong market adoption. We all watch OculusGO's holidays numbers with great interest.

Zenbane · July 2018

falken76 said:
Wow, I didn't realize 120 Billion dollars with a "B" was pocket change. If I were him I can't help but think the thought "Damn 120 Billion lost in 1 day, that exceeds the value of Instagram by 20 Billion dollars!" and not "Oh well, it was 120 Billion, that's pocket change" would be running through my head when I was able to draw my focus off the many ulcers that developed over night.

Zuckerberg's net worth went from being the "3rd richest man on Planet Earth" to the "6th richest man on Planet Earth."

That's not a metaphor either. Even after all this news... when we look at everyone on our Planet, Mark Z. is now in 6th place in terms of overall wealth. That's the "6th wealthiest person out of 7.5+ billion people."

There was more of a chance that Facebook's VR efforts would topple over after the ZeniMax trial, and look how that turned out: Now we have the Half Dome Prototype and we've spent the entire weekend running around VR in Superhero tights.

Tough times indeed

snowdog · July 2018

PhoenixSpyder said:

falken76 said:

PhoenixSpyder said:

In this day and age, that kind of loss is almost yawn developing. There is so much money in these large corps that its almost expected from time to time. Stocks are always going to fluctuate one way or another. These corps don't get there by being concerned about it. They ride it through and carry on.

This shareholder sees things differently:

https://www.theglobeandmail.com/business/article-shareholder-suing-facebook-after-19-per-cent-stock-drop/

I don't give 2 shits as long as it doesn't hurt Oculus R & D

I agree, it's the shareholders that become concerned. The problem with such huge corps now-a-days is some are approaching 1 trillion dollars, so even a small % drop can cause serious repercussions in the stock market for those who own much. One of my friends was loosing $35k per day during the last serious stock market crash...he has long since recovered...after riding through the storm. His comment was: 'If I don't have the cold hard cash in my hand, even though there is a digital number stating what I have...it can be gone in an instant...and there's no way of getting back unless something recovers'... That is the only way to really look at it, without worry, and to ride the stock market...it is very volatile. FB is a prime example of how things can change over night...and as large corps grow larger...things are just going to get all the more volatile for those who play the game.

Yup. This is known as HODL (Hold On for Dear Life). Applies to any sort of investment, including cryptocurrency. There are going to be plenty of people as sick as dogs in a few years due to not having the balls to keep hold of their Bitcoin when the market had a rather large bear run.

kzintzi · July 2018

the interesting thing I read in one of the articles about this was that Facebook/Zuckerberg had come out a few weeks ago and warned everyone that the growth results would show a shrink and no-one took any notice until now; doubt it'll have much impact on anything. people see/believe what they want to and ignore the rest

Digikid1 · July 2018

OmegaM4N said:

Stockholders won't be happy with the CEO that is for sure, could this be the end of Zuckerberg, maybe.

The end of Facebook would indeed, at least to me, be a very very VERY good thing. As long as this doesn't affect Oculus and their products of course. Even with FB gone Zuck can still fund Oculus....at least for a good long while hopefully.

That's a huge chunk of "pocket money" now gone though. Wonder how he will compensate for it.

bigmike20vt · July 2018

snowdog said:

It isn't going to affect bugger all.

@snowdog... i love you man... i have been waiting on a double negative failure to post this for months

Hiro_Protag0nist · July 2018

"Could care less" is just outrageous.

Page 1 halfway down:

https://forums.oculusvr.com/community/discussion/comment/576128#Comment_576128

bigmike20vt · July 2018

lol good spot

snowdog · July 2018

Could care less REALLY gets on my tits lol

And there wasn't a double negative failure in my post.

DaftnDirect · July 2018

I just don't think there isn't a problem with none if the posts here

bigmike20vt · July 2018

snowdog said:

Could care less REALLY gets on my tits lol

And there wasn't a double negative failure in my post.

bugger all = nothing. I am guessing you mean you do not think it will have any effect, therefore

using David Mitchell logic

it is going to affect bugger all = no effect

it isnt going to affect bugger all = some effect.

For the record, i am just bantering with you.... you may even be right,

Facebook loses 120 Billion overnight, will this effect the Rift?

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