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 ...
Always do the opposite of whatever Cramer says.
The Inverse-Cramer ETF has got to be making a killing.
Anyone acting on advice from Cramer is a fool.
Why is he still in the air?
How was he “wrong”? Everyone does the opposite of what he says.
Aw
That would be nice, but suspect he is just a broken clock...right and wrong at random. But then I’ve never looked into it because I don’t listen to him.
Cramer is a monkey with a dart. When I was on Wall Street, brokerage stock research departments were no better at picking stocks than a monkey with a dart picking stocks by taking a flying leap at a dartboard with the S and P stock symbols on it. He’s loud and worthless
He fell for the virtual reality meme. 😂
Man up Cramer…for Christ’s sake.
Saw many gamblers cry but never saw a casino manager get emotional.
He's on because some idiots find that entertaining and they can sell ad time and make money.
"A Random Walk Down Wall Street", written by Burton Gordon Malkiel describes Mr. Cramer.
Meta declined in value 71% year to date. Just wow.
It will take longer than that to liquidate all his assets and he would stay in California, but otherwise, YES!!
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