4
0

Facebook shares crashing in after hours. Down 22% + right now.


 invite response                
2018 Jul 25, 2:48pm   15,149 views  78 comments

by Strategist   ➕follow (3)   💰tip   ignore  

https://www.cnbc.com/2018/07/25/facebook-earnings-q2-2018.html

Facebook plunges as much as 20 percent on revenue miss and projected slowdown

Comments 1 - 40 of 78       Last »     Search these comments

1   Strategist   2018 Jul 25, 2:49pm  

Now down 23%
2   Strategist   2018 Jul 25, 2:52pm  

Now down 24%
3   Strategist   2018 Jul 25, 2:53pm  

All the FANG stocks dropping as well.
7   MrMagic   2018 Jul 25, 5:36pm  

Hassan_Rouhani says
Nobody knows nothing.


Exactly..

But that Bitcoin stuff, "to the moon, Alice"..

Oh, wait...
8   Patrick   2018 Jul 25, 5:41pm  

Glad that I have been avoiding the FANG stocks.
9   Goran_K   2018 Jul 25, 5:48pm  

I know a guy who is down $700,000 from bit coin and Facebook losses. I’m chatting with him right now on Facebook.
10   MrMagic   2018 Jul 25, 5:50pm  

Facebook Plunges Into Bear Market, Wipes Out $132 Billion In Value.




Well that escalated quickly: FB is now down over 20% from its closing highs, losing over $130 billion in market value and erasing all of post-Q1 earnings gains, making Mark Zuckerberg $16 billion poorer, and officially entering a bear market.

Is it any wonder he has been selling to the max...?



Need a drink Mark?


11   MrMagic   2018 Jul 25, 5:55pm  

Goran_K says
I know a guy who is down $700,000 from bit coin and Facebook losses.


I hope he didn't use his credit card or home equity to purchase.
12   Strategist   2018 Jul 25, 5:56pm  

MrMagic says
Facebook Plunges Into Bear Market, Wipes Out $132 Billion In Value.


All within minutes.
Almost every analyst covering Facebook had a strong buy, or a buy rating on it. Useless bums.
13   Strategist   2018 Jul 25, 5:58pm  

MrMagic says
Goran_K says
I know a guy who is down $700,000 from bit coin and Facebook losses.


I hope he didn't use his credit card or home equity to purchase.


If he did, I hope he saved enough for a bullet.
Gosh, I've been so mean today.
14   alpo   2018 Jul 25, 6:09pm  

Goran_K says
I know a guy who is down $700,000 from bit coin and Facebook losses. I’m chatting with him right now on Facebook.


A guy I worked with was did stay-at-home day trader during dot.com boom and bust. One day during an elevator ride he told me he lost $2M in a single day. My eyes popped out, but I kept my cool and calmly told him "Now I know why you work here." This is why paying off your mortgage is the safest investment.
15   Patrick   2018 Jul 25, 6:37pm  

I wonder if this drop was arranged somehow by pissy people on Wall Street (with connections to the media) to punish Facebook for the revelation by Rob Goldman, their chief of advertising, that Russia actually did not influence the election via Facebook at all. This made it much harder for the press to keep lying about it, and they really didn't like that.

https://townhall.com/tipsheet/timothymeads/2018/02/17/facebook-vp-of-ads-slams-media-coverage-of-russian-interference-n2450722

16   mell   2018 Jul 25, 7:52pm  

My hedge fund buddy shorted fb just before the close. As an investor in his fund I am pleased with the incoming money rain.
17   RWSGFY   2018 Jul 25, 7:55pm  

#fuckzukfuck
18   Strategist   2018 Jul 25, 8:42pm  

HEYYOU says
We should worry about money & the shit you don't need,the shit you can't buy, with the money you don't have.
Wealth is not in the number of pieces of paper one actually holds in their hands.
Knew that when I was young.


That's what I keep telling my wife.....Honey, you did not not say "yes" when i asked you to marry me 30 years ago, for my money. I had no money.
She said.......It wasn't the money. I married you for the credit cards.
Now you know why my life sucks.
19   MrMagic   2018 Jul 26, 7:43am  

I see there's concern on how many insiders dumped tons of stock in the last few months. It isn't just Zuckfuck.
20   zzyzzx   2018 Jul 26, 7:49am  

175.43 -42.07 (-19.34%)
As of 10:48AM EDT.

Previous Close 217.50
Open 174.89
21   Strategist   2018 Jul 26, 8:47am  

Analysts have started to downgrade FB. Right after it crashes. LOL. My dog could have done better. She recommends Petsmart.
22   Patrick   2018 Jul 26, 8:54am  

One thing I learned working at Schwab is that analyst recommendations are actually worse than useless. The worst results come from buying stocks rated "strong buy"! The second worst are the stocks rated "strong sell".

Best results are from stocks rated "hold" or not rated at all.
23   Goran_K   2018 Jul 26, 8:56am  

I'm a pig. I bought some FB on this dip.
24   Tenpoundbass   2018 Jul 26, 8:56am  

Think Zuck's wife would divorce him if he loses his job, his cash and gets evicted and has to move out of the Fortress?

https://www.bloombergquint.com/business/2018/07/26/putting-zuckerberg-s-16-8-billion-wipeout-into-perspective#gs.RjSlf78
25   Tenpoundbass   2018 Jul 26, 8:57am  

Goran_K says
I'm a pig. I bought some FB on this dip.


This isn't a Dip, it's going to be a Casserole.
26   Goran_K   2018 Jul 26, 8:58am  

Tenpoundbass says
This isn't a Dip, it's going to be a Casserole.


We'll see if Zuckerberg is done. As soon as I see some cheese, I'm bailing.
27   Philistine   2018 Jul 26, 9:05am  

Fuckbook can burn. I successfully avoided its clutches from the very beginning and can proudly say I outlasted its rise and now decline. Hopefully it goes off into obscurity like GeoCities pages, My Space, and Friendster. Imagine how much better the world would be without FB.

You know those so-called friends and family that try to have an "intervention", and corner you one night at home and start signing you up for Facebook against your will? Those fuckers can burn, too. I outsmarted 'em all!
28   Strategist   2018 Jul 26, 9:15am  

Philistine says
Fuckbook can burn. I successfully avoided its clutches from the very beginning and can proudly say I outlasted its rise and now decline. Hopefully it goes off into obscurity like GeoCities pages, My Space, and Friendster. Imagine how much better the world would be without FB.


If FB burns to the ground, it will get replaced by something similar. FB provided an effective form of communication. The need for better communication has always existed since prehistoric times. Wether it's hand signals, smoke signals, pigeons, TV, radio, radar, telephone, or internet, if there is a better faster and cheaper form of communication, it will succeed.
29   Goran_K   2018 Jul 26, 9:16am  

I'd be alright with FuckBook if Zuckerberg, his ugly girlfriend, and his staff weren't such raging Democrat Fascist editing and blocking content.
30   lostand confused   2018 Jul 26, 10:40am  

Goran_K says
I know a guy who is down $700,000 from bit coin and Facebook losses. I’m chatting with him right now on Facebook.

Wow! That is an amazing loss, I wonder how much margin/loans?
32   Goran_K   2018 Jul 26, 10:54am  

Why should I care about people’s personal choices? That’s the great thing about being a libertarian.
33   Heraclitusstudent   2018 Jul 26, 10:58am  

Never have American libertarians loved so much authoritarianism .
34   Goran_K   2018 Jul 26, 11:04am  

Heraclitusstudent says
Never have American libertarians loved so much authoritarianism .



Are you sure you're using that word correctly? Care to point out any policies or just going to be satisfied with levying attacks without substance?
35   MrMagic   2018 Jul 26, 11:11am  

MrMagic says
I see there's concern on how many insiders dumped tons of stock in the last few months. It isn't just Zuckfuck.


"SEC May Want To Take A Look": Facebook Insiders Dumped $4.1 Billion Weeks Ahead Of Record Crash.

Bloomberg has also picked up on this insider selling deluge, and writes that "nine Facebook insiders combined to sell about $4.13 billion worth of stock since the Cambridge Analytica data-mining scandal first surfaced on March 17."

Chief Executive Officer Mark Zuckerberg accounted for 85 percent of the total, according to data from InsiderInsights.com, which analyzes such transactions. The social media giant’s stock fell as much as 24 percent in late trading Wednesday after second-quarter sales and user growth disappointed investors.



The acceleration in selling is notable because as Gartman, and we, showed yesterday, that compares with $4.31 billion in all of 2017. And while the traditional excuse is that "the sales were part of pre-determined trading plans" the sharp acceleration in 2018 selling, and especially in recent months, should raise some eyebrows, perhaps those of the regulators, because as Gartman - who will have the last words - writes:

"The selling was of such massive size and such recent hurried nature that one had to take note of Zuckerberg’s liquidation as a clear indication of future potential problems. Those problems were made clear last evening. The SEC may want to take a look!"

Then again, with everyone's pension invested in facebook in some capacity, the last thing the SEC will dare to do is cause a market "event" by taking a close look at the one company in which as of last quarter seemingly everyone was invested...

https://www.zerohedge.com/news/2018-07-26/sec-may-want-take-look-facebook-insiders-dumped-41-billion-stock-scandal
36   Patrick   2018 Jul 26, 11:57am  

For perspective, FB was last at today's price on April 23rd of this year so the loss is only rewinding back to then. So they lost 3 months of gains, big deal.

It's basically a non-story. Maybe hyped by the media out of hatred for Facebook's throwing cold water on the Russia hype.
37   Philistine   2018 Jul 26, 12:25pm  

Strategist says
FB provided an effective form of communication.

Facebook was a cul-de-sac on the path to better communication. People are finally realizing it, too. Twitter started the same year as Facebook, and yet somehow has become more relevant while Facebook is quickly becoming grandma's scrapbooking room. Instagram started as just pretty pictures and now is almost its own communication platform. All I ever saw on Facebook was people's falsely curated lives and shameless look-at-me-ism. And I am so glad I don't have any horror stories about random creeps from 25 years ago reaching out--if we haven't talked since high school, there's a reason!
38   MrMagic   2018 Jul 26, 12:36pm  

Patrick says
FB was last at today's price on April 23rd of this year so the loss is only rewinding back to then. So they lost 3 months of gains, big deal.

It's basically a non-story.


It was overpriced in April.
39   NuttBoxer   2018 Jul 26, 2:44pm  

Patrick says
It's basically a non-story.


The story isn't FB. The story is how inflated the market is. That's the only reason their losses top Intel's. Red herring, or canary in the coal mine, not sure which is more accurate, but it's a warning to everyone in stocks, not just FANG'ers.
40   RWSGFY   2018 Jul 26, 3:53pm  

MrMagic says
"The selling was of such massive size and such recent hurried nature that one had to take note of Zuckerberg’s liquidation as a clear indication of future potential problems. Those problems were made clear last evening. The SEC may want to take a look!"


#lockzukfuckup

Comments 1 - 40 of 78       Last »     Search these comments

Please register to comment:

api   best comments   contact   latest images   memes   one year ago   random   suggestions