Posted on 02/03/2022 6:09:21 AM PST by lasereye
This is just heartbreaking. Poor Zuck.
Extended hours
$247.45-75.55 (-23.39%) with 13 minutes to go before the opening.
Happy Days are Here Again-—As Bannon would say: Suck on that Zuckerberg.
Facebook and Peloton, falling on the floor...
Trumps soon to be platform having an effect.
Extended hours
$33.71-2.80 (-7.67%)
And this is the pre-opening numbers for our other favorite company—Twitter.
Bad week for men with Zucker in their names.
Make
Everything
Trump
Again
Lol top notch!
"But that’s not the only reason for the crash. Deep in Meta’s earnings slides, the company revealed that its user growth has slowed to a little more than a trickle. And in the case of daily active Facebook users in particular, the company actually lost 1 million ."
Volume—after hours—10,176,457
Average Volume for the entire day (10 days) 27,959,300
A whole lotta shares were traded overnite!!!!!!!!
Just hit -25%...he he he...
$243.4201-79.5799 (-24.64%)
FACEBOOK OPENING FOR REGULAR TRADING!!!!!!
FACEBOOK got a $250 BILLION haircut!!!!!!!
-26%
Meta cited headwinds from a number of factors, key among which was lower user impressions hitting advertising dollars. Meta also saw issues with pricing that stem from disruptive new rules that Apple has introduced for mobile ads, as well as lower ad budgets as businesses face cost inflation and supply chain disruptions.
Also removing everyone who doesn't bleat "Four shots good, two shots bad" didn't help.
It’s a strange world where 3 to 11% growth possibly resulting in $29 billion in revenue is a “disappointment” and causes a stock to plunge. That’s as much revenue as the entire movie industry, and the revenue is still climbing. Too much emotion in the market.
FB
META PLATFORMS INC CL A
$238.9141-84.0859 (-26.03%)
after 9 minutes of regular trading!!!!
“””It’s a strange world where 3 to 11% growth possibly resulting in $29 billion in revenue is a “disappointment” and causes a stock to plunge.””””
Not strange at all. Facebook share price is based on revenue and profits continuing to rise exponentially.
When a slowdown in future revenue and profits is indicated, these high flyers run out of hot air.
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