The Tech Bubble is Bursting

[oarabbus]

We have Apple stock trending down, LinkedIn getting absolutely slaughtered, Tesla has fallen 50%, SolarCity getting crushed, Twitter, Square in free fall, Amazon dropped over $100, Google dropped significantly, Netflix in a downward spiral, Facebook in the same group...

Some other companies who have had significant losses recently: Paypal, Yelp, Tableau, Microsoft, HP, VMWare, Salesforce, SAP... you name it, it's hurting.


Shit is looking bad fellas, real bad.


Here's an interesting article covering what's going down:
http://www.cnbc.com/2016/02/09/silicon-valleys-reality-the-party-is-over.html


Here's a quote from a reddit user on this topic with industry knowledge:


I'm in tech, in the SF bay area. Have spoken with many unicorn founders and employees. It has become VERY DIFFICULT to raise capital in recent weeks, and they're afraid.

This isn't hyperbole. This is real. People will lose their jobs, and the economy is going to suffer. It's happening.
Also, I know for a fact that manyyyy of these companies don't have business models AT ALL. They're struggling to make any revenues at all, period. I'm not talking about Uber or Airbnb - I don't know anyone at those companies. I'm talking about 5 of the many, billion dollar unicorns in the bay area that I have personal experience with.

Also, to those of you who say "I'm in SF, and things are just fine": do you have visibility into the business side of things? Do you know how much money the company is making and how difficult or easy it is for them to raise another round of funding? Because if you don't know these things, then... You don't know these things. And these things matter most.

What do you guys think? Is this the worst of it (unlikely) or are we about to see some major economic damage?

[Nanners]

my guess is its just a market correction. most of those stocks have been going absolutely nuts the past year and were due to come back to reality. slower than expected growth in china probably doesnt help things either. i wouldnt be surprised if some smaller companies get screwed, but amazon, google, netflix, apple and the other big boys are not going away any time soon.

[Nick Young]

Tech industry in SF is even worse than the corruption in Wall Street. This is what happens when you give social justice warriors free reign and hundreds of millions of dollars to dick around all day.

[Im Still Ballin]

Tech industry in SF is even worse than the corruption in Wall Street. This is what happens when you give social justice warriors free reign and hundreds of millions of dollars to dick around all day.
:SATANIC CAPITAL OF THE WORLD

[9erempiree]

Tech industries are no longer attractive and you have to remember a lot of these tech business start-ups are started with your typical 'nerd' or 'geek'. They have no business acumen and they're talent is programming and creating something. There time is spent behind a computer and dreaming up what they can program.

These businesses don't involve any property or tangible assets like your typical brick and mortar. These businesses usually need a venture capitalist group to fund them. A good business is successful on its own merits.

Not saying venture capitalism is bad but they are used for immediate startup or when a firm thinks the company will takeoff.

Tech businesses usually offer no assets or means to liquidate. They are using venture capitalism as a debt instrument in hopes they make a ROI on hope that the business takes off.

Overall, the tech industry has hit a plateau. It's 2016 and there is nothing that a technology firm can offer us. The product cycle has hit its maturation. Only going to go down from here unless something revolutionary is going to happen.

Apple?...well, phones in general do everything. Nothing is going to differentiate why the new phone is better than my existing phone. At least they offer a product.

Amazon? They are more of a logistics company in my opinion.

Social Media? No tangible assets and quite frankly its very hard to monetize on those sites. They have perceived value but nothing real to offer.

There is nothing revolutionary that hasn't been done before. Every startup today is the same as it was 5 years ago except investors are finally hitting the 'long term' and wondering where are the returns so they are skeptical about any startups today.

As for the stocks? It's only in the 1Q.

[oarabbus]

my guess is its just a market correction, most of those stocks have been going absolutely nuts the past year and are due to come back to reality. slower than expected growth in china probably doesnt help things either. i wouldnt be surprised if some smaller companies get screwed, but amazon, google, netflix, apple and the other big boys are not going away any time soon.


Amazon Google and Apple will certainly be fine. Netflix I'm not worried about either. The intriguing ones are companies like LinkedIn and Tesla. Very, very low price right now if you wanted to pick up the stock, but also risky.

[JohnFreeman]

Apple under Tim Cook has been awful

[Nanners]

Amazon Google and Apple will certainly be fine. Netflix I'm not worried about either. The intriguing ones are companies like LinkedIn and Tesla. Very, very low price right now if you wanted to pick up the stock, but also risky.

i think tesla is going to be fine in the long run, the stock was overvalued and due for a correction. tesla also has significant assets compared to a company like linkedin with their hi tech factories, battery and charger patents, etc.

i could definitely see some companies like linkedin going belly up.

[9erempiree]

Amazon Google and Apple will certainly be fine. Netflix I'm not worried about either. The intriguing ones are companies like LinkedIn and Tesla. Very, very low price right now if you wanted to pick up the stock, but also risky.

I would stay away from LinkedIn. There site parallels that of Facebook minus the Facebook numbers.

If they are not in congruent to how FB is doing right now then they never will.

[Nanners]

also its not just tech companies that have been hit lately. all the major banks are dropping, pharmaceuticals are dropping, oil and gas has been tanking for a while now...

[DonD13]

Tech industries are no longer attractive

http://lowbird.com/data/images/2016/02/z0m813-20.gif

[NumberSix]

Amazing that a bunch a hypocrite San Francisco leftists are bitching about not being able to raise capital. How about you dip into some of that money you stash offshore to avoid paying taxes?

[nathanjizzle]

alot of programmers are going to be laid off in the next 3 years thats for sure.

[Jailblazers7]

I think the broader economy is sort of protected since a lot of these companies that have started since the invention of the smartphone never went public. The big names will be fine (except Twitter maybe). Tesla's future all hinges on the success of the $35k model they are currently developing and the success of their factory in Nevada.

I feel like some shit could go down in the Bay Area but that real estate market was due for a correction eventually. They made it past the dot com bust before tho so I'm sure things will stabilize.

[dunksby]

The whole stock market is in a bad shape, unlike you, I think the Tech section will be better off than the rest.

[Giaodollo]

i think tesla is going to be fine in the long run, the stock was overvalued and due for a correction. tesla also has significant assets compared to a company like linkedin with their hi tech factories, battery and charger patents, etc.

i could definitely see some companies like linkedin going belly up.

Isn't Teslas batteries and whatnot patent free? Maybe I misunderstood but someone told me they are letting everyone use and develop their technology to further the development of electric cars. Also, like Ford they can use Teslas batteries without letting them know they are using them.

[Giaodollo]

also its not just tech companies that have been hit lately. all the major banks are dropping, pharmaceuticals are dropping, oil and gas has been tanking for a while now...

It was awhile ago we had a financial crisis, about time to cash out and cash back in:D

[Velocirap31]

Low oil prices hurt the green energy industry (Tesla, SC, SUNE) and the falling oil hurts the market period meaning the blue chip stocks are falling as well. Also because its earnings season and they haven't been meeting their targets since the economy is in another downturn and people are struggling.

[nightprowler10]

Isn't Teslas batteries and whatnot patent free? Maybe I misunderstood but someone told me they are letting everyone use and develop their technology to further the development of electric cars. Also, like Ford they can use Teslas batteries without letting them know they are using them.
No you're thinking of their electric car technology that works with their battery. Basically they opened up the patent to the cars so other people use it and then sell everyone their patented batteries.

[tontoz]

I doubt it will be as bad as it was around 2000-2003. That was UGLY

[Sarcastic]

It's a correction in the economy. Supply side has become too inflated, that demand side can't keep up. Those companies offer valuable services/products/platforms. They will be fine in the long run.

[nathanjizzle]

I think the broader economy is sort of protected since a lot of these companies that have started since the invention of the smartphone never went public. The big names will be fine (except Twitter maybe). Tesla's future all hinges on the success of the $35k model they are currently developing and the success of their factory in Nevada.

I feel like some shit could go down in the Bay Area but that real estate market was due for a correction eventually. They made it past the dot com bust before tho so I'm sure things will stabilize.

teslas apart of the manufacturing industry, less of the technology industry.

[UK2K]

It's a correction in the economy. Supply side has become too inflated, that demand side can't keep up. Those companies offer valuable services/products/platforms. They will be fine in the long run.

But unlike companies of old, what do they have to offer? They have no products, no assets. Manufacturing companies used to have millions and millions of parts and this and that and factories and plants and machines...

What does Facebook have? A webpage? And what else of value?

It will come down too. They were ridiculously overvalued, and now it is being corrected.

[blablabla]

But unlike companies of old, what do they have to offer? They have no products, no assets. Manufacturing companies used to have millions and millions of parts and this and that and factories and plants and machines...

What does Facebook have? A webpage? And what else of value?

It will come down too. They were ridiculously overvalued, and now it is being corrected.
Personal data of millions of people ?

[falc39]

But unlike companies of old, what do they have to offer? They have no products, no assets. Manufacturing companies used to have millions and millions of parts and this and that and factories and plants and machines...

What does Facebook have? A webpage? And what else of value?

It will come down too. They were ridiculously overvalued, and now it is being corrected.

Just because a company doesn't produce anything tangible doesn't make it useless or of no value. Do you use a smartphone? How good would your smartphone be without any apps?

People think it's just tech companies but the downturn is affecting all parts of the economy, so it's really hard to put the blame or weakness on just the tech companies. It's what the economy gets for having the federal reserve artificially manipulate interest rates and creating market distortions for a decade. That's the real cause of this mess.

[knickballer]

so what stocks should we be investing in fam?

[Velocirap31]

so what stocks should we be investing in fam?

If you can stare at a computer screen all day, take a stab at some 3x leveraged ETF's like UWTI (oil-bullish), DWTI (oil-bearish), LABU (bio-bullish), LABD (bio-bearish). These move very fast, but can make you 5-10% a day if you play them right. Follow the patterns and never ever hold overnight, these are not long term holds due to beta decay. These are among the highest risk stocks you can play with so be careful. UWTI and LABU have been destroyed since mid-2015, but don't look at the charts and think they'll reach those levels again, they will not.

If you want to triple your money over a few years, put everything into USO (US oil) and wait for oil to reach $100/barrel again. I'd wait a bit though because oil isn't finished bottoming out. This is the safe and sure route.

Investing in oil is the go-to this year. This is a once in a decade opportunity to make money off of a limited commodity that has been pulverized on purpose by OPEC and Saudi Arabia. I'd stay clear from biotech and tech stocks for a while, those are all bearish.

[Sarcastic]

But unlike companies of old, what do they have to offer? They have no products, no assets. Manufacturing companies used to have millions and millions of parts and this and that and factories and plants and machines...

What does Facebook have? A webpage? And what else of value?

It will come down too. They were ridiculously overvalued, and now it is being corrected.

They offer a platform for advertisers to reach the public in a way that is not possible in any other way.

[DCL]

If you can stare at a computer screen all day, take a stab at some 3x leveraged ETF's like UWTI (oil-bullish), DWTI (oil-bearish), LABU (bio-bullish), LABD (bio-bearish). These move very fast, but can make you 5-10% a day if you play them right. Follow the patterns and never ever hold overnight, these are not long term holds due to beta decay. These are among the highest risk stocks you can play with so be careful. UWTI and LABU have been destroyed since mid-2015, but don't look at the charts and think they'll reach those levels again, they will not.

If you want to triple your money over a few years, put everything into USO (US oil) and wait for oil to reach $100/barrel again. I'd wait a bit though because oil isn't finished bottoming out. This is the safe and sure route.

Investing in oil is the go-to this year. This is a once in a decade opportunity to make money off of a limited commodity that has been pulverized on purpose by OPEC and Saudi Arabia. I'd stay clear from biotech and tech stocks for a while, those are all bearish.


if someone has to ask for any investing advice on an message board, you could make a strong assumption that the person doesn't have much experience to begin with and probably shouldn't be touching any triple-leveraged ETFs.

[Nanners]

If you can stare at a computer screen all day, take a stab at some 3x leveraged ETF's like UWTI (oil-bullish), DWTI (oil-bearish), LABU (bio-bullish), LABD (bio-bearish). These move very fast, but can make you 5-10% a day if you play them right. Follow the patterns and never ever hold overnight, these are not long term holds due to beta decay. These are among the highest risk stocks you can play with so be careful. UWTI and LABU have been destroyed since mid-2015, but don't look at the charts and think they'll reach those levels again, they will not.

If you want to triple your money over a few years, put everything into USO (US oil) and wait for oil to reach $100/barrel again. I'd wait a bit though because oil isn't finished bottoming out. This is the safe and sure route.

Investing in oil is the go-to this year. This is a once in a decade opportunity to make money off of a limited commodity that has been pulverized on purpose by OPEC and Saudi Arabia. I'd stay clear from biotech and tech stocks for a while, those are all bearish.

opec and the saudis are not the only ones responsible for the decline of oil, there is much more at play. lower than expected global demand is a huge factor in the the decline, the US is becoming more efficient by the day (demand has actually been dropping here since ~2012) and chinas growth seems to be slowing. meanwhile all sorts of new deposits are being opened up by things like fracking and tar sands, and who knows what else will become available in the near future, if there is ever a supply issue it wont be for many years. on top of that you have iran re-entering the global oil market as a major seller, you have alternative energies rapidly improving, you have battery technology rapidly improving, and electric cars are going to basically kill the gasoline car in the not so distant future ... I think the glory days for oil stocks might be over.

[FillJackson]

Tech industry in SF is even worse than the corruption in Wall Street. This is what happens when you give social justice warriors free reign and hundreds of millions of dollars to dick around all day.
This is like the 90th topic where Nick Young doesn't know what he is talking about.

[UK2K]

Just because a company doesn't produce anything tangible doesn't make it useless or of no value. Do you use a smartphone? How good would your smartphone be without any apps?

People think it's just tech companies but the downturn is affecting all parts of the economy, so it's really hard to put the blame or weakness on just the tech companies. It's what the economy gets for having the federal reserve artificially manipulate interest rates and creating market distortions for a decade. That's the real cause of this mess.
We're blaming the government now?

[Rooster]

We have Apple stock trending down, LinkedIn getting absolutely slaughtered, Tesla has fallen 50%, SolarCity getting crushed, Twitter, Square in free fall, Amazon dropped over $100, Google dropped significantly, Netflix in a downward spiral, Facebook in the same group...

Some other companies who have had significant losses recently: Paypal, Yelp, Tableau, Microsoft, HP, VMWare, Salesforce, SAP... you name it, it's hurting.


Shit is looking bad fellas, real bad.


Here's an interesting article covering what's going down:
http://www.cnbc.com/2016/02/09/silicon-valleys-reality-the-party-is-over.html


Here's a quote from a reddit user on this topic with industry knowledge:



What do you guys think? Is this the worst of it (unlikely) or are we about to see some major economic damage?

Hopefully that Solar City gets crushed permanently. They are robbing a lot of people by pushing LEASING agenda to install solar panels. They have a lot of bad reviews, a lot of GOTCHA on the fine print for their contracts. I'm glad I did my homework or else I would regret them for 20 years.

[DonD13]

techmology is done

[falc39]

We're blaming the government now?

Depends who you mean by 'we'. On this site it doesn't seem like many people. No one seems to mention the federal reserve policies that have been in place the whole decade and its part with inflating asset prices. The market has become completely dependent on the fed, analyzing every little word that comes from them hoping to get a sense of the direction they will take on interest rates and soon to be pleading them to rescue the market.

[oarabbus]

Amazing that a bunch a hypocrite San Francisco leftists are bitching about not being able to raise capital. How about you dip into some of that money you stash offshore to avoid paying taxes?


It's not the hypocrite leftists who are bitching about being unable to raise capital; it's the hypocrite VCs. The SF leftists you are talking about are the ones making 6 figures. They aren't the angel investors who have 8 figures offshore.


alot of programmers are going to be laid off in the next 3 years thats for sure.

I agree with this and also wonder when it's going to hit. HP and Cisco have already laid off huge numbers of employees. When the startups crash it's going to do a number on programmers and developers livelihood. I see the housing market dipping when all these people go jobless, too.


The whole stock market is in a bad shape, unlike you, I think the Tech section will be better off than the rest.


Agreed about the first part, but why do you think Tech will be better off?


If you can stare at a computer screen all day, take a stab at some 3x leveraged ETF's like UWTI (oil-bullish), DWTI (oil-bearish), LABU (bio-bullish), LABD (bio-bearish). These move very fast, but can make you 5-10% a day if you play them right. Follow the patterns and never ever hold overnight, these are not long term holds due to beta decay. These are among the highest risk stocks you can play with so be careful. UWTI and LABU have been destroyed since mid-2015, but don't look at the charts and think they'll reach those levels again, they will not.

If you want to triple your money over a few years, put everything into USO (US oil) and wait for oil to reach $100/barrel again. I'd wait a bit though because oil isn't finished bottoming out. This is the safe and sure route.

Investing in oil is the go-to this year. This is a once in a decade opportunity to make money off of a limited commodity that has been pulverized on purpose by OPEC and Saudi Arabia. I'd stay clear from biotech and tech stocks for a while, those are all bearish.


I bought USO stock at $19.50 in 2015 (when it was at a 6 year low or so) like an idiot. I'm actually thinking of dumping a bunch more into it and hanging on for 5 years.

I think Nanners point about the glory days of oil being over is possible, however, I don't think it's over this soon. I can see it happening in 10 years or so however.

[9erempiree]

so what stocks should we be investing in fam?

I don't call what I do investing because I love FOREX. :cheers:

[Draz]

Time to stack up on some Apple stock?

[~primetime~]

I own a decent chunk of GOOG stock, love that stock, it's always making me feel good. Won't be selling that stock any time soon, Google is going to own the world eventually.

I am going to buy around $5k in TWTR once it is done falling. Although i admit its a risky venture.

All of today's youth is going to Twitter rather than FB, because FB is now family oriented, that's where your Grandma goes. Twitter is where the kids go to escape their parents. So i think there is a chance for a bright future for that reason. They are also about to make a huge change, allowing 10k letter tweets. That's change could make or break them, but i just want to get in while it's really cheap and see what happens.

[Giaodollo]

I own a decent chunk of GOOG stock, love that stock, it's always making me feel good. Won't be selling that stock any time soon, Google is going to own the world eventually.

I am going to buy around $5k in TWTR once it is done falling. Although i admit its a risky venture.

All of today's youth is going to Twitter rather than FB, because FB is now family oriented, that's where your Grandma goes. Twitter is where the kids go to escape their parents. So i think there is a chance for a bright future for that reason. They are also about to make a huge change, allowing 10k letter tweets. That's change could make or break them, but i just want to get in while it's really cheap and see what happens.

Snapchat and Insta where it at. Snapchat cuz girls be sending nudies..

[~primetime~]

Snapchat and Insta where it at. Snapchat cuz girls be sending nudies..
Facebook owns insta

I need to buy some FB stock too because FB owns oculus rift and if that shit ever goes mainstream then $$$.

[Draz]

I own a decent chunk of GOOG stock, love that stock, it's always making me feel good. Won't be selling that stock any time soon, Google is going to own the world eventually.

I am going to buy around $5k in TWTR once it is done falling. Although i admit its a risky venture.

All of today's youth is going to Twitter rather than FB, because FB is now family oriented, that's where your Grandma goes. Twitter is where the kids go to escape their parents. So i think there is a chance for a bright future for that reason. They are also about to make a huge change, allowing 10k letter tweets. That's change could make or break them, but i just want to get in while it's really cheap and see what happens.

How much do you make on stocks?

[~primetime~]

How much do you make on stocks?
My full portfolio generates an entire salary, but i don't manage that really.

When i do little $5k side gambles like what I'm talking about in here i just hope to add a few thousand a year.

I've done some risky shit in the past that have gone completely bankrupt. Investing in a single stock here and there has a decent sized element of luck attached to it. But got to take chances in life imo.

[Draz]

My full portfolio generates an entire salary, but i don't manage that really.

When i do little $5k side gambles like what I'm talking about in here i just hope to add a few thousand a year.

I've done some risky shit in the past that have gone completely bankrupt. Investing in a single stock here and there has a decent sized element of luck attached to it. But got to take chances in life imo.
Mhm. Thinking about pausing learning programming and doing some research on economics and investing

You fckers need to make a thread teaching us how to get rich

Tryna upgrade these forums fam

[~primetime~]

I'm still trying to figure out how to invest in graphene.

Graphene is going to blow the fck up one day...not sure when, just know it will.

I've invested in a couple small companies dealing with graphene that now no longer exist.

It's a hard one to get in on, imo.

[Nick Young]

I own a decent chunk of GOOG stock, love that stock, it's always making me feel good. Won't be selling that stock any time soon, Google is going to own the world eventually.

I am going to buy around $5k in TWTR once it is done falling. Although i admit its a risky venture.

All of today's youth is going to Twitter rather than FB, because FB is now family oriented, that's where your Grandma goes. Twitter is where the kids go to escape their parents. So i think there is a chance for a bright future for that reason. They are also about to make a huge change, allowing 10k letter tweets. That's change could make or break them, but i just want to get in while it's really cheap and see what happens.
You're dead wrong dude. Twitter was the cool one 2-3 years ago. Now it is snapchat and instagram.

Twitter is falling out of favor, especially now with their crazy anti-freedom of speech policies.

Twitter is not the new Facebook. A more apt comparison for twitter would be Myspace or AOL.

[gigantes]

based on what i've read about corporate environment, some of those companies tanking aren't a surprise to me, like apple for example. steve jobs was obviously a genius of an idea man, but his workplace manner was disastrous for corporate culture.

some other companies i've read about sound fairly similar. examples of problems: redundant or useless projects, people sabotaging others work, hiring the best people and then wasting their talent because "they're only noobies with us," making you feel like an ungrateful bastard for taking your vacation, or in fact tricking you in to working when you do...

not that those are unique problems, but in some places they sound totally out of hand.

[~primetime~]

Nick Young...IDK, twitter is still growing, i like snap and insta but they just deal with pictures.

I mean, i could see Twitter vanishing, i could, but they aren't going out without a fight and they have the celeb world on their side.

[Draz]

I'd have to disagree Nick. Twitter was never cool. It's just the preferred method of communication famous and rich people use to send their messages across.

Instagram was always cool. Facebook is fading every day as we speak for the past 5-6 years in terms of youth usage. I see Facebook however is being adapted to the older early 30's and above. It's not being abandoned and with the proper moves already made in obtaining Instagram, Facebook stays relevant. If they didn't, I'd see Facebook going down hill.

I also foresee another social website coming out to challenge Facebook for people under 30. Facebook will be used for professional usage.

[gigantes]

twitter seems great for narcissists and ADHD-types.

i don't know why anyone else would use it, tho.

[Draz]

twitter seems great for narcissists and ADHD-types.

i don't know why anyone else would use it, tho.
Agreed. I TRIED making a twitter account like three dam times and just quit 5 seconds after. I dislike it. I don't even know how to use it. What a shit site.

[gigantes]

Agreed. I TRIED making a twitter account like three dam times and just quit 5 seconds after. I dislike it. I don't even know how to use it. What a shit site.
i'm really enjoying reddit these days.

you get anywhere from funny / weird to serious / really helpful stuff. each topic includes a related conversation among users, some of whom are actual professionals and famous ppl answering questions. pretty great IMO. i mean, when you're famous on twitter, it seems like you're mainly just looking to grow your brand and/or get offended by anonymous people tweaking you.

not to mention it's so easy to customise your feed to your special interests. somehow that all gets handled much more smoothly than on facebook... probably because of the conversation format and the many moderators working to make it a cool experience. of course there's also a huge crowd of ppl trying to turn everything in to a joke and score popularity points, but that's pretty normal.

[Jailblazers7]

Good read about why Google and FB are in hugely dominant positions when it comes to comes to digital advertising:

https://stratechery.com/2016/the-reality-of-missing-out/

[~primetime~]

Twitter is definitely great for narcissists but it also has some practical use. News generally hits twitter first, before anything else. That should be apparent to any sports fan, reporters tweet first. Generally speaking, things circulate on twitter a good 30 minutes before FB. Marshawn Lynch just used it to announce his retirement and that is common with many celebs and sports figures, they announce things on twitter.

And small businesses and self employed peeps use Twitter to promote and make announcements.


From what I've been reading they do have an issue with new users not getting it, or confused by it.

[Draz]

i'm really enjoying reddit these days.

you get anywhere from funny / weird to serious / really helpful stuff. each topic includes a related conversation among users, some of whom are actual professionals and famous ppl answering questions. pretty great IMO. i mean, when you're famous on twitter, it seems like you're mainly just looking to grow your brand and/or get offended by anonymous people tweaking you.

not to mention it's so easy to customise your feed to your special interests. somehow that all gets handled much more smoothly than on facebook... probably because of the conversation format and the many moderators working to make it a cool experience. of course there's also a huge crowd of ppl trying to turn everything in to a joke and score popularity points, but that's pretty normal.

Bro, I live on reddit. FCKING LOVE this site. I had the hottest professor in the world (Psychology) she was like 26 or something. She told us how she was obsessed with reddit like 4-5 years ago. I didn't look into it until like last year.

It's great. Try Alien Blue (preferred app) and Rhombus for reddit viewing.

[Nanners]

the thing with twitter is they havent really figured out how to make money. facebook is making a shitload of money with their targeted ads, but twitters ads are clunky and companies refuse to pay much for them. all those users dont really mean much if you dont know how to turn them into dollar bills.

[Nick Young]

Nick Young...IDK, twitter is still growing, i like snap and insta but they just deal with pictures.

I mean, i could see Twitter vanishing, i could, but they aren't going out without a fight and they have the celeb world on their side.
Twitter usage is going down breh, look up the #RIPtwitter hashtag.


The company is nowhere close to generating any profit, and there still aren't any proposed plans to monetize it.

[Nick Young]

Agreed. I TRIED making a twitter account like three dam times and just quit 5 seconds after. I dislike it. I don't even know how to use it. What a shit site.
Twitter is good for marketing and sales of products. Getting your product link retweeted by famous people generally leads to a massive upswing in sales.

If you aren't a celebrity and you aren't marketing or selling anything, Twitter is pretty useless.

edit: Twitter is also good for normal people to tweet about disasters, like during the Paris massacre it helped people organize and save each other, but for every day use, it's pointless.

[~primetime~]

Twitter usage is going down breh, look up the #RIPtwitter hashtag.


The company is nowhere close to generating any profit, and there still aren't any proposed plans to monetize it.
https://g.foolcdn.com/editorial/images/193732/captura-de-pantalla-2016-02-01-a-las-150630_large.png

That's twitter revenue

Revenue still going up. ..

[Jailblazers7]

https://g.foolcdn.com/editorial/images/193732/captura-de-pantalla-2016-02-01-a-las-150630_large.png

That's twitter revenue

Revenue still going up. ..

Earnings numbers are dogshit tho. I don't think they've ever earned a dollar of profit and it is trending significantly downward.

[gigantes]

Twitter is definitely great for narcissists but it also has some practical use. News generally hits twitter first, before anything else. That should be apparent to any sports fan, reporters tweet first. Generally speaking, things circulate on twitter a good 30 minutes before FB. Marshawn Lynch just used it to announce his retirement and that is common with many celebs and sports figures, they announce things on twitter.

And small businesses and self employed peeps use Twitter to promote and make announcements.
okay, i can see value in that.

at the same time, that still doesn't make me want to follow twitter myself. i'd rather just let the media layer do the grunt work so i can pick out the interesting stuff myself. ironically, reddit (and news sites) seem to be best for that.

twitter and twit-heads are sort of like the poor factory workers making it all possible for us. :P



Bro, I live on reddit. FCKING LOVE this site. I had the hottest professor in the world (Psychology) she was like 26 or something. She told us how she was obsessed with reddit like 4-5 years ago. I didn't look into it until like last year.

It's great. Try Alien Blue (preferred app) and Rhombus for reddit viewing.
my tablet is messed up right now, but when i get a new one i'll take a look.

btw my experience as a reddit-browser has been a lot different than as a reddit-commenter. the first thing has been GREAT! while the second thing makes a lot of the userbase look like wannabe hipster-brats.

for example, my comments which are purely helpful / informational tend to get very modest upvotes, but my comments which are challenging / informational tend to easily offend ppl. not that i care too much if ppl don't like their reality challenged, but by downvoting me, they can make my comment disappear. basically a form of bullying / micro-aggression being rewarded. this seems to go hand-in-hand with a landslide of snarky-hipsterish commenters striving to get "golded" or whatever that's called.

but still, yeah... overall it's been very cool. :P

[~primetime~]

Earnings numbers are dogshit tho. I don't think they've ever earned a dollar of profit and it is trending significantly downward.
The revenue numbers show that is still on the rise. ..and not trending downward

[Draz]

my tablet is messed up right now, but when i get a new one i'll take a look.

btw my experience as a reddit-browser has been a lot different than as a reddit-commenter. the first thing has been GREAT! while the second thing makes a lot of the userbase look like wannabe hipster-brats.

for example, my comments which are purely helpful / informational tend to get very modest upvotes, but my comments which are challenging / informational tend to easily offend ppl. not that i care too much if ppl don't like their reality challenged, but by downvoting me, they can make my comment disappear. basically a form of bullying / micro-aggression being rewarded. this seems to go hand-in-hand with a landslide of snarky-hipsterish commenters striving to get "golded" or whatever that's called.

but still, yeah... overall it's been very cool. :P

I browse on my phone .. I don't browse on the app for the tablet. I feel you. It's a tad different when you're actually contributing to the comments. But it seems like reddit has a great deal of adults there where you aren't deprived of mature conversations or debates. It's a great informative app/website. I want it to get bigger. The more people on there the better it is. It's by far my favorite app, and most browsed site. I use it most for finding out information on certain things. I love that there's a subreddit for anything.

[Bosnian Sajo]

I'd have to disagree Nick. Twitter was never cool. It's just the preferred method of communication famous and rich people use to send their messages across.

Instagram was always cool. Facebook is fading every day as we speak for the past 5-6 years in terms of youth usage. I see Facebook however is being adapted to the older early 30's and above. It's not being abandoned and with the proper moves already made in obtaining Instagram, Facebook stays relevant. If they didn't, I'd see Facebook going down hill.

I also foresee another social website coming out to challenge Facebook for people under 30. Facebook will be used for professional usage.


I don't know if you have noticed or not, but a bunch of apps that you download to your phone require a facebook login. For example tinder, hot or not, candy crush, whatever. So Facebook is still very much used by youth, maybe not the actual social site, but the account that is already created to use on other apps/devices.

Like we have discussed in previous threads, facebook is not just the url facebook.com, that shit is an EMPIRE. Instagram/whatsapp are both owned by them as well (as you mentioned), not to mention all the other companies they bought out. Facebook is, imo, NEVER going away. Zuckerberg struck oil/gold/uranium all at the same time, dudes gonna be richer than Bill Gates in a couple years, if he isn't already.

[Bosnian Sajo]

twitter seems great for narcissists and ADHD-types.

i don't know why anyone else would use it, tho.


It's nice for sports fans to keep track of trades or whatever, but hell you don't even need an account to use it for that.

[Draz]

I don't know if you have noticed or not, but a bunch of apps that you download to your phone require a facebook login. For example tinder, hot or not, candy crush, whatever. So Facebook is still very much used by youth, maybe not the actual social site, but the account that is already created to use on other apps/devices.

Like we have discussed in previous threads, facebook is not just the url facebook.com, that shit is an EMPIRE. Instagram/whatsapp are both owned by them as well (as you mentioned), not to mention all the other companies they bought out. Facebook is, imo, NEVER going away. Zuckerberg struck oil/gold/uranium all at the same time, dudes gonna be richer than Bill Gates in a couple years, if he isn't already.
Insane. I noticed that. Everything has a Facebook login. Wonder if that'll change though because I also recall myspace having a login back when sidekicks were popular, had its own little app.

[Nick Young]

https://g.foolcdn.com/editorial/images/193732/captura-de-pantalla-2016-02-01-a-las-150630_large.png

That's twitter revenue

Revenue still going up. ..
zero profit generated, they are going downhill.
Research the #RIPTwitter hashtag. Their social justice agenda is serving to turn away more and more twitter users each day and they just created a new social justice council to regulate the content of the site.

When internet platforms try to censor things, people move away from those platforms and find new ones.

[Nick Young]

okay, i can see value in that.

at the same time, that still doesn't make me want to follow twitter myself. i'd rather just let the media layer do the grunt work so i can pick out the interesting stuff myself. ironically, reddit (and news sites) seem to be best for that.

twitter and twit-heads are sort of like the poor factory workers making it all possible for us. :P



my tablet is messed up right now, but when i get a new one i'll take a look.

btw my experience as a reddit-browser has been a lot different than as a reddit-commenter. the first thing has been GREAT! while the second thing makes a lot of the userbase look like wannabe hipster-brats.

for example, my comments which are purely helpful / informational tend to get very modest upvotes, but my comments which are challenging / informational tend to easily offend ppl. not that i care too much if ppl don't like their reality challenged, but by downvoting me, they can make my comment disappear. basically a form of bullying / micro-aggression being rewarded. this seems to go hand-in-hand with a landslide of snarky-hipsterish commenters striving to get "golded" or whatever that's called.

but still, yeah... overall it's been very cool. :P
holy shit:facepalm :facepalm :facepalm
The brainwash is real.

[gigantes]

I don't know if you have noticed or not, but a bunch of apps that you download to your phone require a facebook login. For example tinder, hot or not, candy crush, whatever. So Facebook is still very much used by youth, maybe not the actual social site, but the account that is already created to use on other apps/devices.

Like we have discussed in previous threads, facebook is not just the url facebook.com, that shit is an EMPIRE. Instagram/whatsapp are both owned by them as well (as you mentioned), not to mention all the other companies they bought out. Facebook is, imo, NEVER going away. Zuckerberg struck oil/gold/uranium all at the same time, dudes gonna be richer than Bill Gates in a couple years, if he isn't already.
not to mention, FB tracks you across most sites you browse, like google and yahoo do.

if you're already logged in, a facebook.net javascript will kick in and let FB know that you're browsing there (also revealing your FB ID to the site in question, probably). this list of your surfing habits then becomes information of value to be exploited in various ways.

you can defeat this by controlling the scripts that you run through an add-on / extension. IMO everyone should really be doing this anyway.



holy shit:facepalm :facepalm :facepalm
The brainwash is real.
i know you're on a mission from yahwe to be a perpetual dumbass, but i guess you've never heard of gaijin in japan, for example?

micro-aggression exists sometimes in life. that was probably the first time i've ever used it on this site, or maybe online at all. i'm not surprised that would be a problem for you, however.

[KyrieTheFuture]

The revenue numbers show that is still on the rise. ..and not trending downward
This is how I know you don't actually make money in stocks



Whatsapp is the most valuable part of FB empire IMO by the way.

IG is dope but not as valuable to me

[Nanners]

http://money.cnn.com/2016/02/10/technology/twitter-stock-users/index.html?sr=twCNN021016twitter-stock-users0957PMVODtopPhoto&linkId=21166985

twitter actually lost 2 million users in the past 3 months. tons of top executives are leaving the company right now. i would stay the hell away from twitter stock.

[9erempiree]

Twitter's downfall came after the censorship they imposed on their users.

They are a platform that is very PC and regardless whether people believe it or not but our country is sick of political correctness.

The platform was never intended for the average Joe to use. No surprise they are losing members.

Run away from the idea of buying up shares.

This doesn't mean the platform will die but like I mentioned before, these sites have nothing to liquidate and I would love to look at their financial statements when I have some free time.

[9erempiree]

twitters downfall has very little to do with PC and very much to do with the fact that their platform sucks balls for advertising compared to competitors like facebook

They have always sucked as an advertising medium. This is nothing new.

I am merely speaking about the sudden decline of users in the past 3 months. This is around the same time they started imposing bans and I'm assuming banned users didn't want to register again.

[Nick Young]

http://money.cnn.com/2016/02/10/technology/twitter-stock-users/index.html?sr=twCNN021016twitter-stock-users0957PMVODtopPhoto&linkId=21166985

twitter actually lost 2 million users in the past 3 months. tons of top executives are leaving the company right now. i would stay the hell away from twitter stock.
Yep, Twitter going the way of the Myspace.

They did it to themselves with their idiotic Social Justice policies. Don't let anyone tell you that social justice warriors are harmless.

[DonD13]

just bought twitter shares :pimp:


you're on the road to success if you always do the opposite of what Nick Young and the 9ers suggest

[FillJackson]

Twitter's downfall came after the censorship they imposed on their users.
What censorship did they impose?

[~primetime~]

http://money.cnn.com/2016/02/10/technology/twitter-stock-users/index.html?sr=twCNN021016twitter-stock-users0957PMVODtopPhoto&linkId=21166985

twitter actually lost 2 million users in the past 3 months. tons of top executives are leaving the company right now. i would stay the hell away from twitter stock.
They are about to completely reformat shit though, right now their stock is bottoming out, it's very cheap.

If whatever they do actually works then you're in.

There is also the thought that if their stock gets cheap enough someone will just buy it out, like FB. If someone buys it, the stock could double that day alone, then you can sell if you want.


I can see twitter vanishing, but that wouldn't happen over night, twitter is too ingrained into society atm.

[~primetime~]

What censorship did they impose?
I missed that too...

I feel like FB is much more censored though, there are porn accounts on Twitter.

[Nanners]

They are about to completely reformat shit though, right now their stock is bottoming out, it's very cheap.

If whatever they do actually works then you're in.

There is also the thought that if their stock gets cheap enough someone will just buy it out, like FB. If someone buys it, the stock could double that day alone, then you can sell if you want.


I can see twitter vanishing, but that wouldn't happen over night, twitter is too ingrained into society atm.

i dont think twitter is going to vanish entirely, even myspace still exists.... but if you invested in myspace during its decline you are probably kicking yourself right now


when top executives start leaving en masse thats usually a really bad sign. those are the people who know the most about the company.

[Draz]

Mark Zuckerberg just got promoted: he's now the fourth-richest person in the world.


Zuckerberg, propelled by Facebook (FB, Tech30)'s stock performance, shoved Amazon (AMZN, Tech30) CEO Jeff Bezos aside on Tuesday to claim the fourth highest ranking on the Bloomberg Billionaires Index.
Facebook founder Zuckerberg, a hoodie-wearing 31-year-old and arguably the most effective CEO in America, was sitting on a fortune worth $50 billion by the close of trading Tuesday, according to Bloomberg.
His personal wealth has been riding high ever since January 28, when Facebook reported sales and profits that trounced expectations.
Last week, the boost in Facebook's stock price pushed him past the each of the Koch brothers, the conservative political kingmakers. And his wealth has been climbing ever since.

Microsoft (MSFT, Tech30) founder and philanthropist Bill Gates remains the world's richest person, with a net worth of $78.7 billion. Zara fashionista Amancio Ortega of Spain is number two, with $69.3 billion, and Wall Street wizard Warren Buffett is third, with $59.6 billion.


Became a billionare at 23. Crazy

http://money.cnn.com/2016/02/03/technology/zuckerberg-bezos-bloomberg/index.html?iid=ob_homepage_tech_pool&iid=obnetwork

[ALBballer]

I think the economy as a whole will be on the downward trend for a little while. Market has been inflated with QE and low interest rates and real estate has been inflated due to low inventory and low interest rates. Coupled with China slowdown, price of oil and etc.

[~primetime~]

i dont think twitter is going to vanish entirely, even myspace still exists.... but if you invested in myspace during its decline you are probably kicking yourself right now


when top executives start leaving en masse thats usually a really bad sign. those are the people who know the most about the company.
Well if it just keeps trending down until it vanishes I will have never purchased, I'm not buying while it's declining.

I feel like it has more going for it than MySpace ever did though.

[NumberSix]

That dude should just sell his shares and collect that $50 billion before somebody eventually makes some new thing that makes Facebook obsolete and worth nothing.

[Draz]

That dude should just sell his shares and collect that $50 billion before somebody eventually makes some new thing that makes Facebook obsolete and worth nothing.
That man coming for that top spot

Said there's gonna be Facebook restaurants and clothing line, cars & phones :applause:

[~primetime~]

http://www.profitconfidential.com/stock/twtr-stock-if-jack-dorsey-pulls-this-off-twitter-inc-could-skyrocket/

[QUOTE]This Could Be a Big Deal for TWTR Stock
Twitter Inc

[DonD13]

just bought twitter shares :pimp:


you're on the road to success if you always do the opposite of what Nick Young and the 9ers suggest

sold them back i don't even like twitter

made a quick 20% profit, thanks Nick and 9er, I knew it's right when ya'll think it's wrong

[Velocirap31]

Natural gas is historically low right now. Stock tickers like UGAZ and SXE will multiply when the price inevitably recovers.

[DCL]

If the stock market was a basketball player, it just performed a crossover and faked a bunch of fools out

watch out for the double-crossover though and then the triple-crossover... :lol

this is why so few traders beat the index in the long run.

[~primetime~]

Twitter gone up 25% since this thread, but I never bought...I've done a lot of reading on it and I'm just scared.

Most Twitter users get sick of it within a few years time and just stop using, and then they have an entire group of users that just don't understand how to use it. And then then then, they have millions of users that never register, you don't even have to be a member of Twitter to use Twitter, ANYONE can use it.

My gut feeling is that it is going away within the next 5-10 years.



THAT SAID, it is still very possible to make a killing with this stock if someone were to buy it out, OR if the massive changes they make revamp it for the better. But as it stands, I'd rather just throw my money in FB than Twitter. Twitter just too risky.

[ALBballer]

Twitter gone up 25% since this thread, but I never bought...I've done a lot of reading on it and I'm just scared.

Most Twitter users get sick of it within a few years time and just stop using, and then they have an entire group of users that just don't understand how to use it. And then then then, they have millions of users that never register, you don't even have to be a member of Twitter to use Twitter, ANYONE can use it.

My gut feeling is that it is going away within the next 5-10 years.



THAT SAID, it is still very possible to make a killing with this stock if someone were to buy it out, OR if the massive changes they make revamp it for the better. But as it stands, I'd rather just throw my money in FB than Twitter. Twitter just too risky.

Props on the chipotle purchase. I am too hesitant to buy in this market

[~primetime~]

Props on the chipotle purchase. I am too hesitant to buy in this market
yeah I bought 10 shares of chipotle at $428...it was at $528 not too long ago, now right around $500.

almost made a cool $1k real quick.


I'm going to hold on that for another 6 months or so though...I think it will go all the way up to $600 a share.

[~primetime~]

Another stock I have been looking at is Phillips 66, PSX

Oil scares me right now, but the only reason I even looked at this is because Warren Buffett has bought so much of it. Since the start of the year Buffett has purchased $5.7 BILLION worth of Phillips 66.

http://fortune.com/2016/02/01/warren-buffet-has-started-buying-oil-stocks-again/



I haven't read enough, but for whatever reason Phillips 66 is somewhat immune to the oil crash, but I am thinking once oil recovers the stock will still benefit.

And it's Warren Buffet...I mean if you are copying his moves can you go wrong?

I bought just 25 shares recently, but that isn't much, I might buy more...just really hard to tell wtf is going on with oil