Soros dumps Facebook, Netflix stocks just before they dipped

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What a coincidence. How did he know?

“I fancied myself as some kind of god…” he wrote. “If truth be known, I carried some rather potent messianic fantasies with me from childhood, which I felt I had to control, otherwise they might get me in trouble.” When asked by Britain’s Independent newspaper to elaborate on that statement, Soros doubled down: “It is a sort of disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.”

“Soros dumps Facebook, Netflix stocks just before they dipped: report,” by Stephen Sorace, Fox News, November 22, 2018 (thanks to Christian):

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Billionaire George Soros’ investment management firm has saved millions after completely selling off its shares of Facebook and slashing its stakes in Netflix and Goldman Sachs just before the stocks nosedived, a report said Wednesday.

Soros Management Fund saved $17.7 million in the fourth quarter by dumping the three stocks, Barron’s reported.

Goldman tumbled 15 percent in the fourth-quarter, while streaming-content giant Netflix plunged 29 percent since the end of September, according to Barron’s. Facebook has fallen 20 percent in the fourth quarter, hitting an intraday low of $126.85 on Tuesday.

The firm’s stake in Goldman shrunk from 64,814 shares at the end of June, to 28,206 at the end of September, according to Barron’s. Goldman Sachs’ stock began its tumble earlier this month when the Justice Department revealed charges against two former employees for issuing bonds from 1Malaysia Development Bhd.

Cutting 89 percent—or 106,400 shares—of its Netflix position in the third quarter, the firm held only 13,800 shares at the end of the September, according to the outlet. Its stock began its slide in October when investors expressed skepticism over its future profitability.
Facebook-New York Times fight gets uglyVideo

Soros Fund Management dumped all of its Facebook stock before the end of the third quarter and prior to the publication of a New York Time’s report that the tech company hired a GOP-opposition research firm to investigate links between Facebook critics and Soros, an outspoken opponent of the social media giant, according to Barron’s….

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Achmed Mohandjob
Achmed Mohandjob
5 years ago

Obviously, George took a look at the charts. He’s some kind of technical analysis guru ….. And, I have some wonderful ocean front property, in Iowa, that you can have for the price of normal farmland. It’s a developer’s dream.

santashandler
santashandler
5 years ago

Yeeahh….that’s it

Achmed Mohandjob
Achmed Mohandjob
5 years ago
Reply to  santashandler

Wanna buy some? Beach front with the most gorgeous ocean views.

santashandler
santashandler
5 years ago

If its in Iowa, I’m on my way.

Achmed Mohandjob
Achmed Mohandjob
5 years ago
Reply to  santashandler

Not just Iowa, but Iowa County, Iowa … less than thirty miles west of the University of Iowa. You be talkin’ corn fed. But, the ocean view is incredible.

0349 JAT
0349 JAT
5 years ago

Can we say ……
Insider trading?

mztore
mztore
5 years ago
Reply to  0349 JAT

Sorass seems to set the trend for “dumping” to try and hurt whatever company he decides to dump. That is how he makes things go the way he wants. How did he “kill” the financial markets in England? The same way. He thinks he can break the U.S. and that is what he is aiming for.

felix1999
felix1999
5 years ago

Does he see REGULATIONS coming?
When Trump was elected, he bought up coal dirt cheap.

aemoreira1981
aemoreira1981
5 years ago
Reply to  felix1999

Trump lost the House, killing any chance of regulation.

ladywarrior
ladywarrior
5 years ago
Reply to  felix1999

What?
First, how would you know what Trump did or didn’t buy? And second, unless you lived on Mars everyone knew that Trump was going to revitalize the coal industry. If you didn’t buy coal you weren’t paying attention. Same for steel and many other industries that Obama nearly killed.

MAS
MAS
5 years ago

You and I would be in federal prison for doing a tiny fraction of what these leftists are doing. Double standard, good for thee not for me…

felix1999
felix1999
5 years ago
Reply to  MAS

Money is like catnip to a cat. He can’t get enough of it and use it to create total chaos.

When SOROS dumps stock it means whatever it is, is going down. With Obama coming on Netflix and Susan Rice being on the board, that will not be good. Also Netflix is getting raunchier. 61% of Netflix originals will be “adult content”. Netflix doesn’t like paying license fees to show movies so they are moving to having only Netflix originals where possible to make more money.

Facebook is steadily losing users. The business model for Facebook is selling your personal information. You have no privacy at all on Facebook. If they say otherwise, they are lying.

ladywarrior
ladywarrior
5 years ago
Reply to  felix1999

They didn’t just hire Obama…they hired him and Moochelle to “create new content”. I saw enough of Obummer’s “content” for 8 years that I knew I didn’t want to ever see anything they “create” again..
They also hired Valerie Jarrett along with Rice the Benghazi Liar….
I had been with them since 2010….I quit them several months ago because you couldn’t open the app on streaming without some ugly content on the opening page….after they hired the dreadful duo they jacked up their price to subscribers so they could pay them lavish salaries….

ladywarrior
ladywarrior
5 years ago
Reply to  felix1999

Spammer! Blocked.

mztore
mztore
5 years ago
Reply to  felix1999

The same goes for all the ‘social media’ types. They all just love your information and sell it when ever and where ever they can. I always felt that those who put pictures of their children on it were sort of stupid anyhow. Especially in today’s world.

Ari
Ari
5 years ago

The speculator must have inside knowledge.

Stephen Lowe
Stephen Lowe
5 years ago

It is time for this self proclaimed psychic to call Miss Cleo…she dreamed he was frog marched into jail in the near future.

Don Wayne
Don Wayne
5 years ago

How many times is Satan going to let Soros refinance that black soul of his?

usn
usn
5 years ago

Ever hear of insider trading.

santashandler
santashandler
5 years ago

“I fancied myself as some kind of god…”Gee, that’s because right after he sold his soul, the devil told him he was…..

Stephen Honig
Stephen Honig
5 years ago

Can two liberals be angry at each other? It looks like Soros and Zuckerberg are.

ladywarrior
ladywarrior
5 years ago
Reply to  Stephen Honig

We can only win if those two are at odds….

Jan Favre
Jan Favre
5 years ago

Soros alias Schwarz das schwaze Schaf (black sheep in German)

Ron G
Ron G
5 years ago

Sounds like the sick mind of $or0s is trying to destroy our country. Although I have no love for the firms he dumped his stock from, it is easy to see how a hater like $or0s could control our stock market.

notme123
notme123
5 years ago

Martha Stewart went to jail, and someone else recently was in the news. But Soros gets away with it. No special treatment here, so sick of the double standards.

John Nosser
John Nosser
5 years ago

The timing of this suggests inside information and is thus illegal. These transactions need to be investigated by the SEC. This could finally be the “gotcha” moment with Trump in office.

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