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I say a little prayer on an open thread

Soros dumps Facebook, Netflix stocks just before they dipped

26

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):

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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