This article is weak

The losses are actually declines in market capitalisation and not in profits. They are paper losses.

Only google $5b hit will affect it's bottom line buts it's one off.

I am sure within a year or 2, Facebook will recover those losses. 43 out of 47 analyst recommend it as a buy.

All it has to do to quickly achieve that is to monetise WhatsApp with 1billion users.

grandstar:
This article is weak

The losses are actually declines in market capitalisation and not in profits. They are like pLer losses.

Only google $5b hit will affect it's bottom line buts it's one off.

I am sure within a year or 2, Facebook will recover those kisses. 43 out of 47 analyst recommend it as a buy.

All it has to do to quickly achieve that is to monetise WhatsApp with 1billion users.

monetize whatsapp...you think if it was that easy ..they wouldnt have done it since

TechCapon:
that's my prayer everyday. Initially I thought Andela could do it, but not really.

what's Andela

TechCapon:
TechCapon



The month of July happens to be a very bad month for many tech giants and I’m very sure almost all the affected companies can’t wait for the month to just go away forever. The loss they incurred was huge and massive, running into billions and billions of dollars. From Facebook, to Google, Amazon, etc all suffered one bad fate or the other that had wiped billions of dollars of clean off. As for Facebook, it was the worst month ever as the tech giant was facing attacks from all angles ranging from data leaks, accusations of allowing the spread of fake news, law suits etc but one thing we know for sure is they will bounce back.

1.FACEBOOK $120 billion (Biggest loss in US history)



It was a monstrous disaster, Facebook lost as much as 23 percent of it’s shares in the largest single day loss ever recorded in the history of the United States. As for Mark Zuckerberg who is the highest shareholder, he lost almost $17B of his personal fortune, a loss than would have sent Africa’s richest man Dangote packing straight to his village.

2. GOOGLE $5 billion



I know this is not as bad as that of Facebook but it’s still bad. The European union slammed Google with a record $5 billion fine for abusing it’s Android OS and other unfair practices such as forcing phone makers to install Google Apps like Chrome, YouTube, etc and destroying competition. Google is however appealing the fine but from all indication, they might end up paying up thereby putting a $5 billion hole in their pockets.

3. TWITTER $5 billion



Twitter began a massive clampdown on fake, suspicious and dormant accounts, deleting almost 70 million accounts and causing a drop of 1 million users following its action to delete fake and offensive accounts. This move caused the shares of Twitter to plunge by 20%, as a result $5bn (£3.8bn) has been wiped off the market value of Twitter. Donald Trump himself is not helping matters as he has been using Twitter to threaten other countries.

4. TESLA $2 billion



The Thailand football team stuck inside a flooded cave generated a lot of attention all over the world and most people offered to help in one way or the other. Among them was the CEO of Tesla Elon Musk who offered to build a kid-sized submarine that could go straight into the cave and rescue the team. Little did he know his good gesture would end up so badly as he ended up insulting a British diver who helped rescue the boys a pedophile. That insult caused Tesla share to drop heavily causing the company $2 Billion. Share holders had to force Elon Musk to apologize and delete the insulting Tweets which he did.

5. Amazon $100 million



Amazon organized its biggest sale event of the year The Amazon Prime Day, shortly after the website experienced glitches and downtime to the extent that it could not make a single sale for over 1 hour. Although the company eventually fixed the errors, the downtime caused Amazon to lose over $100 million according to Business Insider .

SOURCE:https://techcapon.com/tech-giants-who-suffered-huge-losses-in-july-2018/

You be anti Trump

TechCapon:
which one is our ancient handbook?

It was a sacred book that you can use to spiritually chat to some BoneBeings,including the unseen ones around the world,you can even use it to communicate to BoneBeings from under-World

That is the power of e-money: there today, gone tomorrow.

2008 tech bubble sent many billionaires and millionaires into bankruptcy. Some committed suicide. One swoop in stock market and billions will disappear.

/

Offpoint:
Mr bones! this is your prince... thanks the Great one I've found you.

Hope you know how to play Guwara Guwara

Mankosi:
Facebook lost $120b but the owner is not worth up to $90b.
This lie wasn't fabricated well.

shai u sure say u go school like this ？

There are silly mistake the tech company need to avoid by carrying out the appropriate step when someone is helping them to generate profit and it is when a worker get paid regularly that they can come up with innovative ways to earn money by providing the exact product and services that the consumer wants and can afford to buy,sometimes when you make the wrong move that can cause a major loss for the company but making the right move at the right time and making a complication situation moderate with fast intervention will make a company to gain massive profit.

Macoylarry:


monetize whatsapp...you think if it was that easy ..they wouldnt have done it since

I'm sure it's possible

They had similar fears about Instagram as well

Twagrill:

what's Andela

Nigeria's number one software training center based in Lagos

TechCapon:
TechCapon



The month of July happens to be a very bad month for many tech giants and I’m very sure almost all the affected companies can’t wait for the month to just go away forever. The loss they incurred was huge and massive, running into billions and billions of dollars. From Facebook, to Google, Amazon, etc all suffered one bad fate or the other that had wiped billions of dollars of clean off. As for Facebook, it was the worst month ever as the tech giant was facing attacks from all angles ranging from data leaks, accusations of allowing the spread of fake news, law suits etc but one thing we know for sure is they will bounce back.

1.FACEBOOK $120 billion (Biggest loss in US history)



It was a monstrous disaster, Facebook lost as much as 23 percent of it’s shares in the largest single day loss ever recorded in the history of the United States. As for Mark Zuckerberg who is the highest shareholder, he lost almost $17B of his personal fortune, a loss than would have sent Africa’s richest man Dangote packing straight to his village.

2. GOOGLE $5 billion



I know this is not as bad as that of Facebook but it’s still bad. The European union slammed Google with a record $5 billion fine for abusing it’s Android OS and other unfair practices such as forcing phone makers to install Google Apps like Chrome, YouTube, etc and destroying competition. Google is however appealing the fine but from all indication, they might end up paying up thereby putting a $5 billion hole in their pockets.

3. TWITTER $5 billion



Twitter began a massive clampdown on fake, suspicious and dormant accounts, deleting almost 70 million accounts and causing a drop of 1 million users following its action to delete fake and offensive accounts. This move caused the shares of Twitter to plunge by 20%, as a result $5bn (£3.8bn) has been wiped off the market value of Twitter. Donald Trump himself is not helping matters as he has been using Twitter to threaten other countries.

4. TESLA $2 billion



The Thailand football team stuck inside a flooded cave generated a lot of attention all over the world and most people offered to help in one way or the other. Among them was the CEO of Tesla Elon Musk who offered to build a kid-sized submarine that could go straight into the cave and rescue the team. Little did he know his good gesture would end up so badly as he ended up insulting a British diver who helped rescue the boys a pedophile. That insult caused Tesla share to drop heavily causing the company $2 Billion. Share holders had to force Elon Musk to apologize and delete the insulting Tweets which he did.

5. Amazon $100 million



Amazon organized its biggest sale event of the year The Amazon Prime Day, shortly after the website experienced glitches and downtime to the extent that it could not make a single sale for over 1 hour. Although the company eventually fixed the errors, the downtime caused Amazon to lose over $100 million according to Business Insider .

SOURCE:https://techcapon.com/tech-giants-who-suffered-huge-losses-in-july-2018/

Only Google lost or is about to lose real money. Marks real money is still in his bank account and this goes for the rest. Until anybody sell shares at the new price he has not lost any thing. Oshe baddest

I guess you added a bit of information there which you didn't quite confirm if it's true or not. Contrary to your claim Donald Trump's use of Twitter is a plus to the company's value and has nothing to do with any decline in market share

MrBONE2:

Hope you know how to play Guwara Guwara

I can't never forget Guwara Guwara Mr Bones, can't wait to play it in Kuvuki land

Neminc:

What has Donald Trump's using Twitter to attack other countries got to do with Twitter's financial loses?

DOn't mind the slow poke

TechCapon:
that's my prayer everyday. Initially I thought Andela could do it, but not really.

it depends on mission bro. Andela is serving a certain niche which many of us didn't pay attention to prior to this...

TechCapon:
Nigeria's number one software training center based in Lagos

This is what I got about this Nigeria number ! training centre based in lagos

"Andela is an American company that specializes in training software developers. The company was founded in 2014 and is based in New York City. Wikipedia
Founded: 21 May 2013
Headquarters: New York City, New York, United States
Number of employees: 1,000 (March 2018)
Number of locations: 5
Founders: Christina Sass, Iyinoluwa Aboyeji, Ian Carnevale, Nadayar Enegesi, Jeremy Johnson, Brice Nkengsa
Type of business: Talent accelerator, Private"

Mankosi:
Facebook lost $120b but the owner is not worth up to $90b.
This lie wasn't fabricated well.

why do people like opening their nyash in public...................Net worth is the amount by which assets exceed liabilities. Another way to say this is, it's the value of everything you own, minus all your debts. ... In the corporate world, net worth is also called book value or shareholders' equity. The word “net”, in financial language, means “after subtracting expenses and debts.”

PrymChois:
Wow.. Sharing of fake info.

No wonder Seun scripted it clearly 'every Nairalander is responsible for his/her post'

Where is the fake info there?

Facebook loss in Market capitalization was actually deliberate as Mark intend to cleanup/sanitize Facebook in the wake of the Cambridge Analytical scandal. Hence, Mark informed shareholders that in the coming years Facebook might be less profitable because the company will be moving from Newsfeeds(used to serve adverts and sponsored posts) to Stories (kind of what Snapchat has) and also to give priority to Post from friends over sponsored posts and adverts.

Such changes can ruffle advertisers, this will make them withdraw advertising Dollars and wait to understand the new Facebook before plunging back in. Even the Facebook COO admitted that they do not know how well they can monetize the platform with the proposed changes. Facebook is currently just going through a lot of experimentation to 'secure' users info (not like I believe you can actually have your info secured on any social site, I'm just not a fan).

lanre316:


Those American entrepreneurs didn't just pray and believe, like Nigerians do. They worked at it. They demanded better governance from their leaders. They researched. They developed.

If you don't research or develop will you come up with a tech company?

God is involved!!!

Alphafeezay:
One day!!! A Nigerian brand will become a Tech company will global reach. I believe

Keep dreaming

Companies thrive where sincere people work hard to see it grow

80% of Nigerian workers will steal from their companies if they get the opportunity. And after stealing they are in mosque or church praising Allah and God respectively

Nigerians are thieves and hypocrites...it's a culture

Nigerian billionaires die with their wealth because Nigerians are terrible people...their sons run them down in a split second. Abiola, Ojukwu, Mbadiwe, etc. died with their companies

It sucks to be a Nigerian!

TechCapon:
that's my prayer everyday. Initially I thought Andela could do it, but not really.

we lack character

SoNature:


Keep dreaming

Companies thrive where sincere people work hard to see it grow

80% of Nigerian workers will steal from their companies if they get the opportunity. And after stealing they are in mosque or church praising Allah and God respectively

Nigerians are thieves and hypocrites...it's a culture

Nigerian billionaires die with their wealth because Nigerians are terrible people...their sons run them down in a split second. Abiola, Ojukwu, Mbadiwe, etc. died with their companies

It sucks to be a Nigerian!

One day, a Nigerian tech company will be BIG and Global!!!

Mankosi:
Facebook lost $120b but the owner is not worth up to $90b.
This lie wasn't fabricated well.

Ignorance, ignorance everywhere.

TechCapon:
Nigeria's number one software training center based in Lagos

Wikipedia says it's an American company

zzzzy:
what's fake here, all these are mainstream news

That's what caused facebook their loss nah. Read before attacking me pls.