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SAN FRANCISCO/NEW YORK — Facebook Inc’s shares sank as much as 7.1 per cent to a record low on Thursday, shedding more than $4 billion of market value after the first of several stock lock-ups that prevented insider sales came to an end.

Thursday’s drop took Facebook’s total loss since its debut in May at $38 to just under 50 per cent, or $40 billion.

The stock tumbled 6.2 per cent to $19.90 on Nasdaq. It hit a session low of $19.69.

More than 270 million shares have been unlocked — more than one-half of the 421 million shares sold in the May initial public offering of the social networking company.

Roughly 64 million shares of Facebook traded hands in the first hour of trading, more than double its 50-day daily average of just under 30 million shares.

“Pressure will be back on the shares now that liquidity is back in the market,” said Frank Davis, director of sales and trading at LEK Securities in New York. “If (the value of) your holdings has been cut in half, are you going to sit around and risk the rest of that?”

Facebook has been wildly volatile, moving more than 3 per cent in most sessions.

Facebook, the world’s No. 1 Internet social network with 955 million users, has seen its shares pummeled since the market debut in May that put its value at more than $100 billion.

Concerns about the company’s slowing revenue growth, and its ability to make money on mobile advertising, have pressured the stock.

Analysts said it wasn’t clear whether the sell-off in the stock on Thursday was due to insiders selling shares or to other shareholders selling on concerns about the potential impact from insider selling.

Another 243 million shares will be released from lock-up between mid-October and mid-November. On Nov. 14, more than 1.2 billion shares will be available for trading. Chief Executive Mark Zuckerberg will not be able to sell his shares until then.

“The biggest issue is not this lock-up, it’s the November lock-up,” said Pivotal Research Group analyst Brian Wieser.

If the company’s perceived operating momentum doesn’t improve by then, he said, “then there’s real trouble ahead.”

https://www.thestar.com/business/sc...in-pre-market-trading-as-insider-lock-up-ends


 
Today Facebook bumped as low as 19.01..... will it crack the $<19 mark today?
 
And the creep continues.
Facebook hits low of $18.23 this morning.
 
[h=1]Apple’s New 3D Maps Are an Apocalyptic Horror Show[/h]
The move from Google Maps to Apple's homespun cartography in iOS 6 has been a sticking point for people, largely because it's the turd in a very ornate punch bowl. And while Apple's fancy 3D maps were supposed to tide us over until the rest of Maps got better, they seem to be having their own problems. So we've gone ahead and rounded up some of the more... interesting deviations.
Ladies and gentlemen, please brace yourselves for the iOS6pocalypse.
https://gizmodo.com/5944672/apples-new-3d-maps-turn-your-world-into-an-apocalyptic-horror-show
 
Apple’s New 3D Maps Are an Apocalyptic Horror Show


The move from Google Maps to Apple's homespun cartography in iOS 6 has been a sticking point for people, largely because it's the turd in a very ornate punch bowl. And while Apple's fancy 3D maps were supposed to tide us over until the rest of Maps got better, they seem to be having their own problems. So we've gone ahead and rounded up some of the more... interesting deviations.
Ladies and gentlemen, please brace yourselves for the iOS6pocalypse.
https://gizmodo.com/5944672/apples-new-3d-maps-turn-your-world-into-an-apocalyptic-horror-show

Ha-ha! Apple sucks the big one too.
 
"I never understood how was it that humans are so ungrateful, there used to be a day a cell phone was unafordable, heavy and all it could do is call... now this phone can practically jack you off under the table, and has inspired others to file suit as well and all I hear are bitching for maps that do not look like Call of Duty 2018... sheesh people where is the cup 1/2 full?"

Fanboy. Obviously he was that "creative barrista" in the Samsung ad. And for the record - I wish I could get one of those old phones that was heavy and could call.

Also I notice that facecrack is back up around the 23 dollar mark. Someone must be talking it up.
 
If this happens i am out of Facebook, you?.


Autoplay video ads may be coming to Facebook's news feed within the next six months, according toAdAge.
These video ads are supposedly scheduled to hit the desktop version of the social network first, then could be rolled out to mobile. According to AdAge, the ads will most likely play 15 seconds, could be targeted to certain users, and may even have an auto-audio function. On the desktop version, the ads are expected to get users' attention by expanding out of the site's news feed into the left and right columns.
Facebook's goal is to attract advertisers that would normally buy TV ads, according to AdAge. The social network already has video ads on the site's sidebar and news feed but they don't have autoplay and don't expand. And, advertisers hadn't really started using the feature until

The social network launched news feed advertising in January, dropping in unsolicited ads from users' fan pages and labeling them "featured." Since then the social network has been developing other types of ad testing -- particularly in mobile, since that's increasingly more important for earning revenue. In June, Facebook began working on a mobile-ad product that uses real-time data based on users' locations, and in August it began testing a feature that drops ads into people's news feeds even though the user or their friends aren't fans of a brand or product.This news of Facebook's enhanced video ads comes on the heels of LinkedIn embarking on its own video-ad platform. The professional networking site rolled out global video advertising in October, which lets advertisers use their YouTube or other videos to promote their brands.
When contacted by CNET, Facebook said it had no comment on video ads at this time.

https://news.cnet.com/8301-1023_3-5...id-to-launch-autoplay-video-ads-in-news-feed/






 
Warning!!!!!

A six year old virus that drains bank accounts is thriving on Facebook, .

Facebook has been alerted to the problem, but it isn’t taking the matter nearly as seriously as it should be, says Eric Feinberg, founder of the advocacy group Fans Against Kounterfeit Enterprise (FAKE).
Feinberg told the NYTimes, ”[Facebook isn't] listening…we need oversight on this.”

The virus is called Zeus. It’s a special type of Trojan horse that has already infected millions of computers. Zeus works by remaining dormant on your computer until you log into your bank account. Once you’re in it steals your password and drains your account.

The virus is sophisticated too. Sometimes it can even replace your bank’s website with its own page in order to get even more information like your social security number so that it can be sold on the black market.

(RELATED: Ex-Yahoo: Yahoo needs to learn from Tumblr)


Zeus has been around since 2007 and evidence shows that it is only getting more active. The virus is being hosted from computers controlled by a Russian criminal gang that has been liked to online crimes ranging from malware and identity theft all the way to child

https://dailycaller.com/2013/06/04/...going-around-that-can-empty-your-bank-account

SEE ALSO: How To Make Your Facebook Profile More Secure In Under A Minute >

 
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