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George Soros Sold Huge Amounts Of Facebook And Netflix Just Before Tech Stocks Crashed
DC Dirty Laundry ^ | 11/23/2018 | Michael Snyder

Posted on 11/23/2018 6:30:04 AM PST by deandg99

George Soros avoided a loss of more than 17 million dollars by dumping shares of Facebook, Netflix and Goldman Sachs just before the big crash started happening. In other words, he made out like a bandit by selling at the peak of the market. Is he smarter than all the rest of us, did he have some inside information, or was he simply lucky? In recent months, tech stocks have lost approximately a trillion dollars in value, and many investors have been absolutely devastated. But not George Soros. According to the most recent filing with the SEC, Soros Fund Management was able to dump shares in Facebook and Netflix just in time…

Soros Fund Management, which Soros founded and chairs, exited social-network giant Facebook (FB) completely in the third quarter, while also slashing positions in Netflix stock (NFLX) and Goldman Sachs Group stock (GS). Those three stocks have tumbled in the fourth quarter so far, with Facebook and Goldman setting new lows Tuesday. They are down almost 20% and 15%, respectively, so far this quarter. Highflying streaming-content giant Netflix has tumbled almost 29% since the end of September.

(Excerpt) Read more at dcdirtylaundry.com ...


TOPICS: Business/Economy; Conspiracy
KEYWORDS: 2018election; 2020election; blogpimp; blogsrippingoffblogs; election2018; election2020; facebook; fascistbook; garbageblog; georgesoros; goldmansachs; happyzotsgiving; markzuckerberg; netflix; postandrunpimp; prolificblogpimp; reblogger; soros; sorosstocks; stockmarket; stolencontent; techstocks; twitter; zot; zuckerberg
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To: subterfuge

I don’t know. Take a company like NFLX. The stock was selling at something like 100x forward earnings. Trees don’t grow to the sky. Basically, everyone in the U.S. and Europe who wants a NFLX account already has one. The company is spending like a drunken sailor on content—pouring out billions on mediocre shows from has-been actors, directors and politicians. Credit the devil where he’s due... Soros recognized a top in ridiculously over-hyped stock and got the hell out.


21 posted on 11/23/2018 8:02:20 AM PST by irishjuggler
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To: deandg99

Money can and does buy inside information Hillary and party winks.


22 posted on 11/23/2018 8:08:00 AM PST by Vaduz (women and children to be impacIQ of chimpsted the most.)
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To: deandg99

Insider trading? They finally got Capone on less.


23 posted on 11/23/2018 8:10:51 AM PST by RJS1950 (The democrats are the "enemies foreign and domestic" cited in the federal oath)
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To: bgill

Chuckles, wonder how many will get that.


24 posted on 11/23/2018 8:14:02 AM PST by Nuc 1.1 (Nuc 1 Liberals aren't Patriots. Remember 1789!)
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To: deandg99

H’mmm, makes me think that stocks didn’t ‘fall’ but that Soros pushed them.


25 posted on 11/23/2018 8:17:56 AM PST by GreyFriar (Spearhead - 3rd Armored Division 75-78 & 83-87)
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To: deandg99

Wasn’t he convicted of insider trading some time in the past.


26 posted on 11/23/2018 8:20:27 AM PST by mountainlion (Live well for those that did not make it back.)
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To: subterfuge

“I think the market slipped BECAUSE he dumped those shares. It’s manipulation.”

Bingo. I heard Jim Rogers talk once and someone asked his opinion of an investment. He said he didn’t give them because right or wrong they could influence the market. Sounds egotistical, but probably correct.


27 posted on 11/23/2018 8:23:07 AM PST by CrazyIvan (A gentleman arms himself for the protection of others.)
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To: irishjuggler

Is that around the time Obummer and wife went aboard the Netflix ship, because that would have made me sell, sell, sell.

I strongly believe that Schwartz/Soros is manipulating the market. Soon, I also believe officials will notice.


28 posted on 11/23/2018 8:26:09 AM PST by Maris Crane (T)
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To: Jonty30

The entire tech sector took a dump, how is inside info to blame?


29 posted on 11/23/2018 8:49:15 AM PST by Toddsterpatriot (TANSTAAFL)
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IS SOROS PROFITING FROM HIS WAR ON FACEBOOK?


30 posted on 11/23/2018 8:52:25 AM PST by SunkenCiv (and btw -- https://www.gofundme.com/for-rotator-cuff-repair-surgery)
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To: deandg99

I hate it when people trade better than I do! It must be satan’s work.


31 posted on 11/23/2018 9:09:07 AM PST by babble-on
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To: deandg99

The guy is crooked. He fleeces the hedge fund he runs for a huge salary.


32 posted on 11/23/2018 9:12:26 AM PST by Sam Gamgee
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To: deandg99

At that level of trading, luck is not a factor. Soros was given a courtesy notice. The Left doesn’t want to annoy their largest source of funding.


33 posted on 11/23/2018 9:32:39 AM PST by robel
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To: deandg99

He employs hundreds of experts to find and take advantages of such opportunities.


34 posted on 11/23/2018 10:21:07 AM PST by JimRed ( TERM LIMITS, NOW! Build the Wall Faster! TRUTH is the new HATE SPEECH.)
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To: deandg99

bttt


35 posted on 11/23/2018 10:26:31 AM PST by timestax
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To: deandg99

He has more connections than AOL at its peak. Insider info? Haaa. and then some.


36 posted on 11/23/2018 10:42:32 AM PST by NormsRevenge (Semper Fi - Monthly Donors Rock!!!)
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To: deandg99

Congressional investigation?


37 posted on 11/23/2018 6:00:18 PM PST by simpson96
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To: irishjuggler

You’re probably right.


38 posted on 11/26/2018 5:55:51 AM PST by subterfuge (RIP T.P.)
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