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 ...
To me the whole idea of “Meta” is/was stupid. Yes people spemd a lot of time in relatively anonymous on line relationships and activity. But it is real people (MOSTLY creating the environment, not some “virtual realtity” program you wear a head set for.
Did the pig get slaughtered, finally?
What a scam artist
It’s just PAPER, Jim!” - Sam Walton..................
Zuckerberg lost 11 billion today. 100 billion over the last 13 months. Couldn’t have happened to a more deserving little tyrant.
Flagged because this article lacks context.
he and Jim cantore are the biggest buffons on TV
I think I read there’s a short-Cramer ETF now, his picks are so bad.
One of the best if not the best book on personal finance!
Over the past 30 years, I have read the book about ten times.
I am sure Cramer was fully or mostly hedged against a Meta disaster... though not so for his viewers and acolytes.
Zucks’s metaverse of artificial reality. That Zuck sunk billions into. People are staying away in droves. I read that the Meta AI glasses make many people dizzy.
Investors Can Soon Short Cramer’s Stock Recommendations Thanks to Tuttle Capital’s newly-filed Inverse Cramer ETF and Long Cramer ETF, investors can soon take a short or long position against the stocks recommended by Cramer. With ticker SJIM, the Inverse Cramer ETF will bet against Cramer’s stock recommendations.
> That would be nice, but suspect he [Cramer] is just a broken clock...right and wrong at random. <
About 15 years ago, some guy set up an internet contest, comparing Cramer‘s stock picks with those of Leonard the Wonder Monkey (Leonard was a computer program that picked stocks at random).
Leonard the Wonder Monkey won. It wasn’t by much. But Leonard won.
> Cramer is a monkey with a dart. <
And he was actually beaten by a monkey, of sorts. See my post #33.
He didn’t look too choked up to me.
“Always do the opposite of whatever Cramer says.”
Usually, he manages to take both sides.
Die, FakeBook, die.
Classic from 2008 - “Bear Stearns is fine. Do not take you money out.”
https://www.youtube.com/watch?v=gUkbdjetlY8
Tears?
What a crock.
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