Facebook Stock Has Bigger Problems Than That Ugly Earnings Report
Facebook stock imploded after a brutal number in its earnings report. Here’s why FB shares may not recover over the long term.
Simon Chandler January 30, 2020
Facebook stock imploded after a brutal number in its earnings report. Here’s why FB shares may not recover over the long term.
Facebook stock performed exceptionally well 2019. But as the bulls grow more euphoric, the stage is set for a big correction in 2020.
As Facebook continues in the effort to launch its Libra cryptocurrency, the social media giant is likely to rely more heavily on paid lobbyists and
Facebook is paying top dollar to gain further infiltration into our inner-workings. As they struggle to gain access to our wallets with the controversial digital
Reports indicate that the U.S. dollar will have the largest representation in the basket of currencies that will underpin Facebook’s forthcoming Libra cryptocurrency, sparking renewed
The results of a cryptocurrency survey conducted by the Dutch banking group, ING, revealed a significant lack of appetite for Facebook’s Libra, and its designated
Bertrand Perez, the general director of the Libra Association, has expressed confidence that Facebook’s stablecoin will launch during 2020. Speaking to French publication Les Echos,
Switzerland’s financial regulator has indicated that Facebook’s cryptocurrency project Libra will be required to meet additional requirements besides getting a payment system license prior to
EU regulators are investigating if the Facebook Libra “cryptocurrency” poses a threat to competition by being a potential monopoly. Margrethe Vestager is the outgoing antitrust
Venture capitalist Fred Wilson is backpedaling after one of his many lame predictions blew up in his face. Again. This time, Wilson dissed Ethereum while
Since Facebook announced the Libra cryptocurrency, a couple of other similar projects have been unveiled with all of them being dubbed potential ‘Libra-killers’. They include
A member of the European Central Bank’s executive board sounded the alarm on the “treacherous, cartel-like” Facebook Libra cryptocurrency. Yves Mersch issued a damning warning
By CCN.com: Crypto millionaire Erik Finman says bitcoin “is being replaced” by Facebook’s Libra. But he insists that his cryptocurrency, Metal Pay, is the “Libra
Facebook released a video last year apologizing for its data misuse that likely swayed the 2016 election. It ends by saying “if this place does
Libra is under attack from a big name in the tech world, again. Mark Cuban, the billionaire owner of the Dallas Mavericks and recurring Shark
Jeremy Allaire’s Circle issued a U.S. dollar-backed stablecoin before stablecoins were cool. Now that Facebook has joined the fray with its Libra coin, which is
Ask not for whom the bell tolls, Facebook. It tolls for thee, says bitcoin bull Lou Kerner. The crypto investor says Facebook is on its
Monex, the Japanese online brokerage that owns the crypto exchange Coincheck, has applied to join the Facebook Libra stablecoin project. The Libra Association will make
The founder and CEO of Chinese telecommunications giant Huawei, Ren Zhengfei, has dismissed concerns that Facebook’s planned cryptocurrency Libra could dominate the world at the
Some in the crypto community were left wondering if Michael Novogratz was still bullish on bitcoin after he recently took some bitcoin profits and kicked
Josiah Wilmoth edited this article for CCN.com. If you see a breach of our Code of Ethics or find a factual, spelling, or grammar error,
Switzerland crypto laws have appealed to blockchain enthusiasts for years. Facebook’s head of blockchain, David Marcus, is no exception. He released a statement announcing that
The Federal Trade Commission (FTC) is coming down on Equifax Inc with the strength of an angry kitten. The credit bureau is reportedly expected to
The knives are really coming out to kill Facebook’s over-hyped Libra crypto project. After being bashed by President Donald Trump and the U.S. Congress, four
The writing is on the wall that Mark Zuckerberg has completely botched the planned Libra rollout. Even if the digital currency ever sees the light
As U.S. lawmakers wrestle with what to do with Facebook’s Libra, they are being forced to confront another digital currency that they’ve been trying to
The SEC should approve a bitcoin ETF soon because it could be a major driver of the U.S. economy for the next decade. That’s the
The US Senate Committee on Banking, Housing, and Urban Affairs held a hearing on Facebook’s Libra project this morning, with Facebook crypto chief David Marcus
Blockstack is having a big day today, launching the world’s maiden regulated token sale. So far, the deal appears to be a resounding success, with
In light of Facebook’s upcoming Libra coin, European Central Bank (ECB) Executive Board Member Benoit Coeure is reportedly urging financial regulators to create a viable
In a responsive blog post on Wednesday, David Marcus, head of Facebook’s financial blockchain project ‘Libra’, covered a range of subjects including responding to sweeping
A few hours ago, the internet’s top social networks suffered a crash that kept users from sharing photos, videos, and similar files. Almost simultaneously, Facebook,
The United States government can’t ban bitcoin because the original cryptocurrency is free speech that’s protected under the Constitution. That’s the opinion of Bill Barhydt,
Bitcoin archnemesis Nouriel Roubini is a “no-coiner hater” who’s upset that he didn’t buy crypto sooner. That’s the opinion of Arthur Hayes, the CEO of
According to local reports, Russia will not go out of its way to ban Libra, a crypto asset created by the Libra Association, an international
It’s deja vu all over again. Facebook executive David Marcus is taking the blame for Libra, saying it was him, not his boss Mark Zuckerberg,
The bitcoin price is soaring this week, but don’t expect the rally to last because the original cryptocurrency is fugazi and “fundamentally flawed.” That’s the
Ben Mezrich, the author of the Winklevoss-twins inspired “Bitcoin Billionaires,” is calling out Mark Zuckerberg on Libra. In an interview with CNBC, Mezrich, who was
There’s no shortage of catalysts behind bitcoin’s weekend rally beyond $11,200. Institutional capital is at long last entering, the bitcoin supply halving event is nearing,
By CCN.com: The whitepaper of Libra, a crypto asset created by a non-profit organization in Libra Association led by Facebook has been formally released, disclosing
By CCN.com: Facebook CEO Mark Zuckerberg is a megalomaniac who’s launching blockchain and cryptocurrency projects in order to squeeze crypto companies out of the dominance
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