Facebook lost over $100,000,000,000 yesterday 😮

Facebook had a terrible, horrible, no good, very bad day. After a quarterly earnings report and call with Wall St analysts, their stock price dropped ~20% in after-hours trading. As of right now (7AM PT), their stock is trading at $176 (down 18% from yesterday). Over $100B in value disappeared in an insight. Some context: that's like the entirety of General Motors, Ford and Target... combined. The drop most of Facebook's recent stock growth, returning to prices from April. With their recent product efforts and direction, this isn't a huge surprise. Efforts to curb "viral news" will negatively affect a company whose primary revenue stream is attention. Product changes that improve user privacy (largely caused by the EU's GDPR and the post-election Cambridge Analytica scandal) will hurt Facebook's ability to charge companies big dollars to specifically target ads, and adding new employees to moderate content will hurt their bottom line. At the same time, Facebook's doubling-down on increasing "time well spent" in the app with their newest feature: Watch Parties. Their hope: investments in features like these will increase Facebook's growth in the long-run, even if it means having some bad quarters. You'll be able to watch videos on Facebook with your friends remotely... in other words, it's the feature that Netflix should have built years ago. 😂 Psst! If you're still dying to watch Netflix with your buddies, maker Stephan Boyer built a Chrome extension to sync up your Netflix streams remotely. 🙌 [Product Hunt Daily Digest]( July 26th, 2018 [View online](  [D020cf01 3c94 4a85 b97c eb711a5c249c?auto=format]( Facebook had a terrible, horrible, no good, very bad day. After a quarterly earnings report and call with Wall St analysts, their stock price dropped ~20% in after-hours trading. As of right now (7AM PT), their stock is trading at $176 (down 18% from yesterday). Over $100B in value disappeared in an insight. Some context: that's like the entirety of General Motors, Ford and Target... combined. The drop most of Facebook's recent stock growth, returning to prices from April. With their recent product efforts and direction, this isn't a huge surprise. Efforts to curb "viral news" will negatively affect a company whose primary revenue stream is attention. Product changes that improve user privacy (largely caused by the EU's GDPR and the post-election Cambridge Analytica scandal) will hurt Facebook's ability to charge companies big dollars to specifically target ads, and adding new employees to moderate content will hurt their bottom line. At the same time, Facebook's doubling-down on increasing "time well spent" in the app with their newest feature: [Watch Parties](. Their hope: investments in features like these will increase Facebook's growth in the long-run, even if it means having some bad quarters. You'll be able to watch videos on Facebook with your friends remotely... in other words, it's the feature that Netflix should have built years ago. 😂 Psst! If you're still dying to watch Netflix with your buddies, maker Stephan Boyer built a [Chrome extension]( to sync up your Netflix streams remotely. 🙌 [FB Watch Party 📺](  New launch: [Telepost]( turns any Telegram chat into a blog. 📝  [914f1ebf c2ec 4979 a69d 0119ebdef12e?auto=format&bf=max&bh=100&bm=normal&bw=100&fit=crop&h=100&w=100]( [▲ 2590]( [PROMOTED ?]( [Sunsama]( Sunsama organizes all the work you need to do each day in one place. It's like Trello + Google Calendar. Use it to prioritize the work you want to get done today and track your progress over time. YESTERDAY’S TOP HUNTS [88c8251e 1e2e 427f b268 6ff7163df145?auto=format&fit=crop&h=150&w=150]( [Makers by Product Hunt]( A place for Makers to share, connect, and reach their goals. 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