[ April 24, 2024 ]
They did it to themselves. They destroyed the very thing that made it great. Policing us, silencing us, anti-Israel, pro-jihad – they deserve a major taking down. Fascists in flip flops.
https://twitter.com/PamelaGeller/status/1022259575855239169
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FACEBOOK DEATH SPIRAL
STOCK PLUNGES 24%Tech stocks set to crater on Thursday with Facebook on track for biggest drop ever
The tech-heavy Nasdaq was set for a big down day Thursday after disappointing quarterly results from Facebook sent the social media giant hurtling toward its biggest share price decline ever and on track to lose more than $125 billion in market value.
The Invesco QQQ Trust, which tracks the Nasdaq-100 index and can give traders a good idea of how the Nasdaq stocks will trade, was down more than 2 percent at one point in after hours trading Wednesday. At last count, the ETF was off by about 1.5 percent. Nasdaq futures opened lower Wednesday evening, off by about 0.8 percent. Facebook lost more than a fifth of its value after hours.
Big technology stocks other than Facebook felt the collateral damage as investors fled the sector. Apple lost about 1 percent. Facebook’s ‘FANG’ brethren were also lower. Amazon, which reports after the bell Thursday, lost 2.3 percent. Netflix, which disappointed FANG investors with its own set of weak results earlier this earnings season, shed about 3 percent in after hours. Google-parent Alphabet fell 2.4 percent.
CNBC
Facebook competitors Twitter and Snap both lost 4 percent after hours Wednesday.
Investors did not see this coming. The Nasdaq Composite Index hit a record during trading Wednesday as investors crowded back into the ‘FANG’ names once again. Facebook was responsible for a lot of that boost, jumping 1 percent during regular trading.
But after the bell it was a different story.
Facebook posted weaker-than-expected daily active users for last quarter and said revenue growth would decline sequentially in the second half of this year.
“The Facebook guidance debacle will be a tough pill to swallow for the bulls and weigh on FANG names as this comes on the heels of a Netflix miss as well last week,” said Daniel Ives, head of technology research at GBH Insights. “Facebook’s outlook will cause worries on the Street and that could spread to other names with stock multiples coming under attack. Facebook’s nightmare guidance will spook tech investors with a near term white knuckle period ahead.”
With Facebook down more than 20 percent after hours, that would far and away be its biggest drop ever. Its previous biggest drop was a 12 percent fall back in July 2012 shortly after it went public.
The broader market looked to be on sounder footing heading into Thursday. The SPDR S&P 500 ETF Trust was off just 0.3 percent in after hours trading. Investors were likely encouraged by President Trump’s comments following his meeting with European Commission President Jean-Claude Juncker which hinted that a trade deal between the U.S. and European Union was possible.
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61 Comments
5 years ago
no surprise here, folks from shithole countries generally don’t have a lot of spare coin for Candy Crush
5 years ago
At long last, it begins. Facebook is far too conceited and overrated. And it probably does not protect your privacy well either.
5 years ago
Reply to
R. Arandas
Never did protect your privacy and has sold on your details, card details if you played candy crush and paid for a booster, phone calls… . ….
5 years ago
Its Great news. I’ve been banned from facebook , twitter for posting facts / truth about Left/Liberal /jihadi crimes and criminals
Facebook, twitter , even Google, youtube joins lslamofascist gang to support illegals and jihadis
suppress conservative free speech http://tinyurl.com/lgp28rs
saudi/qatar/OIC own part of twitter, Fox Network, fund CNN, MSNBC , buy out politicians , bureaucrats in education dept to push islam in schools/ colleges. Easiest way to brainwash and takeover country and shutdown free speech !
5 years ago
Reply to
Suresh
You should be very proud of yourself!
Poor Suckerberg…he spent all that money buying politicians and look what’s happening to his business.
5 years ago
Reply to
santashandler
Unfortunately he will have a few $Bill tucked away , these leftie’s always cut off their noses to spite their faces as long as it pushes their agenda’s.
5 years ago
Reply to
Dave Glynn
The day of the limousine liberal has passed. To be cool, really way cool, you have to be a champagne swilling socialist.
5 years ago
Reply to
Achmed Mohandjob
And bring back the public stocks so we can amuse ourselves by pelting them with rotten fruit & veg!
5 years ago
Reply to
Achmed Mohandjob
No champagne swilling paleoliberal could handle communism. True communism … all are the same. The same house type, food allowance/provisions, stipend is the same for all …. NO paleoliberal would stand for that.
5 years ago
Reply to
santashandler
Never trusted face book from the beginning cant stand looking at this Creepy puke good riddance .
5 years ago
Reply to
Suresh
NETFLIX is the one that needs to go down. it’s stock is even more volatile than facebooks. NETFLIX has become an anti-Trump platform.
dems need to go down now!
5 years ago
I presume there’s a similar attitude with the Daily News, what with half its staff slashed and the rest cut to the bone, more than a decade after they went to the dark side with its far-left, anti-gun, pro-abortion, open borders, anti-American agenda (and the apropos-named Linda Stasi, with an attitude not too dissimilar to the German Stasi; plus such “voices” as Al “Tawana Brawley” Sharpton).
5 years ago
Farcebook? Good riddance <:o)
5 years ago
Reply to
Joy Daniels Brower
That’ll work! Zuckerface lost $15B today in net worth. Boo freakin’ hoo!
5 years ago
Reply to
Joy Daniels Brower
Hahahaha Joy! “Boo freakin’…”? I love it.
I ask your permission to use this phrase in future, always attributing it to you-
5 years ago
Reply to
Kathy Brown, Esq.
Oh, Kathy, I just WISH I had been clever enough to have “invented” that fun phrase!! But (confession is good for the soul….) I just picked it up from others! So, even though it’s not mine – nor, of course, is it copyright – help yourself!! Use it in good health and good humor!
5 years ago
Reply to
Joy Daniels Brower
“Confession is good for the soul”, indeed Joy!
I shall use it as you say, and gotta love the honesty on our blogs as opposed to the Left’s sites. Along with the absence of obscene language, “Boo freakin’ hoo” as opposed to, well, you know…
5 years ago
Couldn’t happen to a nicer guy
The pig named sugar mountain
Who lied under oath and will
NEVER be prosecuted
because
You’re not supposed to condemn
Lying Leftist Pigs
It’s called the
Clinton exception Precedent !
5 years ago
Here’s a good stock for ya’ll at a great price: Pretium Resources, owner of the Valley of the Kings gold deposit and the Cleopatra Lode in northern BC. PVG.
5 years ago
NICE!
Keep dropping!!!!!
5 years ago
Yes all these radical Leftists organizations deserve to be crushed, the same should happen to Twitter. It partly owned by a Saudi prince and they’ve been absolutely brutal towards Conservatives and any people who post even the slightest negative info about Islam and Muslims. Hope they all go bankrupt and something better replaces them. I still think Trump should step in and enforce the 1st Amend on these social media sites.
5 years ago
Truly heartbreaking! I hope the share price goes down even further. I was banned from FB for pointing out Muslim crimes- truth is now a hate crime.
5 years ago
Hopefully it will have a snowball effect. Poor little Marky might actually have to work for a living unless the Clinton’s give him a pension. Couldn’t happen to a bigger WANKER!
5 years ago
Please everybody who is on FB please get off it. Wreck it, consign it to oblivion. It will not hurt Suckerburg(sic) as he already has more money than anybody should have and thinks he has the power to tell everyone what to do as well
5 years ago
Without the CIA, little Mark0 would have been nothing more than perhaps an assistant on some geek squad. He really is a joke of a human also. His testimonies in front of Congress showed how small-minded and inept he is.
5 years ago
Stoopid plastic-face Jew. Reminds me of that android on the USS Enterprise. Bet he’ll double-up even worse on US. He don’t care if the stock reaches a $1.00 to shut you up.
5 years ago
Ask sugar daddy Soros to buy a few shares to help out,. That is, if someone has not yet removed the creature.
5 years ago
Either they are forced to play the censorship game or they are censoring because of political correctness, either way I hope Facebook disappears without trace and the total toss pot behind it goes completely bankrupt.
5 years ago
Their downfall is a symptom of people not wanting to be corralled. We need/demand a free media where we can express our views without fear of censure.
FK FB!!!
5 years ago
I cannot feel sorry for them. I simply cannot get myself to feel sorry for them at all. I agree with the writer of this article 100%.
5 years ago
The jewicedal muslim slave is finally getting what’s coming for him.
5 years ago
Ah, a feel good story for the day….They deserve what they get…
5 years ago
Interesting that this happens right after zucky’s defense of Holocaust deniers.
5 years ago
No bankruptcy yet??
..
5 years ago
Yes! Another self-loathing, Israel-hating Jew gets his comeuppance.
5 years ago
What’s Facebook?
5 years ago
Wishful thinking, however, don’t get too excited yet.
5 years ago
great news. I was banned from facebook and twitter for posting conservative articles. They deserve to die.
5 years ago
What is the procedure for cancelling one’s FB account?
5 years ago
Reply to
M. Marsares
I think it can be done, you can also save an archive of all your information on the site if you want, there is an option.
5 years ago
There are options to Fakebook. There is an alternative. It is called Real.Video No censorship.
5 years ago
lol
Did it to themselves!!
The left will never be satisfied until it is all their way and their way only!
They are all “ALT LEFT” , FASCISTS, terrorists, thugs and dictators!! All of them!!!
AGain, it has been well published and well acknowledged that the west is being destroyed by liberalism (left propaganda./agenda’s ) and political correctness!!!
5 years ago
Fakebook, yesterday. Tweeter today …. 34.12 â–¼ 8.82 (20.54%)
