Posted on 10/27/2022 1:09:39 PM PDT by montag813
by Jim Clayborn | RNN
META-Facebook shares were down more than 24% Thursday on a weak Q4 forecast and earnings collapse.
“Meta Platforms Inc. shareholders are paying dearly for its spending on the metaverse: The Facebook parent’s market value has collapsed by a whopping $677 billion this year, forcing it out from the ranks of the world’s 20 largest companies.” Bloomberg News reported Thursday morning.
Mark Zuckerberg’s fortune took a huge hit.
“Mark Zuckerberg’s fortune plunged by $11 billion after his Meta Platforms Inc. reported a second-straight quarter of disappointing earnings, bringing his total wealth loss to more than $100 billion in just 13 months.” Bloomberg News reported.
CNBC’s Jim Cramer recommended META stock right before it collapsed.
Cramer held back crocodile tears as he apologized for leading people off a cliff by recommending META stock.
VIDEO:
This isn’t the first time Cramer led investors off a cliff.
(Excerpt) Read more at rightnewsnow.org ...
BUY BEAR STEARNS NOW!!!
If a guy asked you for money and his idea is to strap a brick to your face and watch cartoons, are you going to invest in him?
There literally is a fund that does just that😂
I’d ask who didn’t see this one coming, but now I know.
Leftist blinders defy reality for only so long.
You could throw a dart and do better with stocks than that idiot.
I should have an anti-zeugma fund. Either that, or I could get companies to pay me not to invest in them.
Facebook's ad revs have been beaten down by Apple's software updates. So, half of FR will start siding with Zuckerberg and Cramer. :^)
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