That means that Facebook will only be worth a half a trillion dollars.
"...disappointing results from Facebook..."
This is stupid. Why should other tech stocks be dragged down except maybe Google who is as dishonest as Facebook and deserve bankruptcy. FB lost so much value because they are corrupt leftists with fake users and fake news. It has been exposed and their data leaks on users are causing the real users to abandon them. This should not reflect on any other tech companies except Google and any others like the lying lefties like them.
I recall the day after the election. Wild ride. One helluva buying opp.
What clap trap from CNBC! Alphabet (GOOG) is down 1.36% in the after-hours market. Amazon (AMZN) is down 1.75%. Netflix (NFLX) is down 2.17%. Hardly a rout.
Zuckerberg needs to hit the road. He gave birth to it, but he is unqualified to give input to its management now that it is a maturing company.
This is not uncommon.
Entrepreneurs who create are seldom the sorts who can manage what they have created.
Mark better diversify his personal investments.
Couldn’t happen to a nicer guy..../s
Potential buying opportunity ahead in stocks that are collateral damage. (Those with good fundamentals but in the tech sector.)
Heck, its stock will probably go up now that they have reformed and flushed all their bots and fake accounts and are a new and meaner policed more betterer Fussbook. more censors than ever.. Ohhh wait..
I have been an investor for over 50 Years. (Yes I really am that old and yes I really did start that early.)
Since the mid-1990s, when it became possible to easily follow averages on the internet, days when markets have risen for fallen by 0.8% Have happened several times each month.
This is a big nothingburger. Keep your eye on the GPD numbers which are set to be released on Friday. President Trump has already seen them, since he is bragging about them already, so it is going to be good.
I am hoping for 4+% increase. That would really boost the market.
It will take Facebook most of the rest of the year to get back to 217.
August through September are awful months.
Hunting for bad news to try to offset the super economic data......”Economy is supercharged.....but Facebook is having a lousy time....”
Facebook is certainly the creepiest invention in history, and potentially the most powerful tool of authoritarians and tyrants. People are finally waking up to this.
And by the way, is Zuckerberg the real voice of Kermit the Frog?
Suckerberg on suicide watch ...
Twitter taking a big hit, too.