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Barry Ritholtz Profile picture
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Feb 3 • 7 tweets • 3 min read
Never Mind the Metaverse. Facebook Needs to Solve Its TikTok Problem.

"The social-media giant, focused on its far-off vision for virtual existence, has been caught unprepared by the growing popularity of short-form video."

bloomberg.com/opinion/articl…
$200 Billion Wipeout of $FB Among Worst in Market History as shares slump 20% premarket, dragging down Tech

bloomberg.com/news/articles/…
"Facebook’s total number of users has declined — a first for the social media platform that has experienced seemingly never-ending growth since it debuted 17 years ago."
vox.com/recode/2022/2/…
Metaaaarghhhh

How to write a headline, @FinancialTimes edition:
(nice editorial self-control avoiding exclamation points!!)

ft.com/content/ce031a…
Translation: Beware companies priced for growth when the market is saturated, it loses its core base, and serious competitions arises:

The biggest FAAMG underperformer was Facebook -- BEFORE this weeks collapse...

ritholtz.com/2022/02/facepl…

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More from @ritholtz

Barry Ritholtz Profile picture
Jan 30
States Want to Eliminate All Childhood Vaccinations dlvr.it/SJ4L93
“This is the State of Georgia Health Department’s official outline of vaccination requirements for child care and school attendance”

Several COVID anti-vaxxers drafted legislation that would incidentally overturn this schedule in order to avoid COVID vaccines
"A BILL to amend Chapter 1 of Title 50 of the Official Code of Georgia, relating to general provisions regarding state government, so as to prohibit state and local governments from mandating vaccine passports..."
Read 10 tweets
Barry Ritholtz Profile picture
Jan 22
Huge rollover in NYC, daily case count down 59%.

BUT: Test positivity rate + hospitalizations still extremely high. And NYC cases are likely being significantly undercounted.

Still, the trend is encouraging . . .

nytimes.com/interactive/20… Image
Tracking the virus in wastewater is helping some cities and hospitals respond to the most recent wave of the coronavirus, but a more coordinated national effort is needed, experts say.

nytimes.com/2022/01/19/hea…
Read 4 tweets
Barry Ritholtz Profile picture
Jan 4
Guilty! If you want to understand the epic rise & fall of Elizabeth Holmes of Theranos, read @JohnCarreyrou's Bad Blood.

And if you only have 90 minutes, check out our pod with the author on what he went through to reveal the Silicon Valley fraud.

ritholtz.com/2018/07/mib-jo…
podcasts.apple.com/us/podcast/joh…
The descriptions of Holmes' enablers are chilling: Most notable was the behavior of famed super lawyer David Boies.

The book explains how his law firm received millions in Theranos stock + led to aggressive and questionable counsel.

amazon.com/exec/obidos/AS…
Read 8 tweets
Barry Ritholtz Profile picture
Dec 20, 2021
Literally a death cult
“It will be over my dead body that I’ll have to get a shot” -Sarah Palin, offering her thoughts on the coronavirus vaccine at a far-right conference in Arizona over the weekend.

washingtonpost.com/opinions/2021/…
Frankenstein's monster is no longer under the doctor's control

bloomberg.com/news/articles/…
Read 5 tweets
Barry Ritholtz Profile picture
Nov 10, 2021
General Electric is ending a century as a massive conglomerate by splitting into 3 parts.

It is front-page news. Lots of events led to this, but you may not be familiar with some of the more nefarious issues that caused GE to stumble, then collapse.

A thread.

1/
Its history:

The company was a household name practically since it was founded by Thomas Edison in the 19th century. It was a key member of all major indices, including the Dow Jones Industrials

bloomberg.com/graphics/2019-…
2/
GE began the 21st century as the most valuable conglomerate in America. The architect of this success was Jack Welch, often described as the best CEO of the 20th century.

I suspect he wasn't.

wsj.com/articles/the-e…

3/
Read 14 tweets
Barry Ritholtz Profile picture
Nov 8, 2021
A few lists to help you organize your feed:

I find lists enormously helpful when using Twitter --instead of trying to drink from the firehose, dipping into a curated list makes the onslaught manageable.

1/
When I am interested in a narrow specific topic, I try to assemble the leading thinkers in a space that allows me to dive in when I want to.

This list of Behavioral Finance experts is a great example:
twitter.com/i/lists/132270…

2/
I made a broader list covering Science, Technology, and Venture Capitalists.

I asked followers for more names and got some great suggestions!

twitter.com/i/lists/132273…

3/
Read 4 tweets

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