It can't be long now:
Posted on 07/25/2018 3:01:20 PM PDT by 11th_VA
Facebook missed projections on revenue and global daily active users this quarter after struggling with data leaks and fake news scandals. The company reported its second-quarter earnings after the bell on Wednesday. Shares were down as much as 20 percent. At the current after hours prices and given its market cap at the close Wednesday, Facebook is poised to lose more than $123 billion in market value. Earnings per share: $1.74 vs. $1.72 per a Thomson Reuters consensus estimate Revenue: $13.23 billion vs. $13.36 billion per a Thomson Reuters consensus estimate
(Excerpt) Read more at cnbc.com ...
But wait!
Where is Moveon.org, 98%.org and the rest of the rest of progressives going to get free media?
Rot in hell Zuck
Sorry for double post.
Trump’s fault!
Actually, ... I think it is the President’s fault. Why should the CIA budget continue to pay for Zuckerturd’s personal data gathering efforts?
Trump’s fault!
Awwwww.
I know who owns it-—and you’ve got to give them credit———the loyalty of the young are what makes them money.
.
I’m happy I don’t have any money invested in Facebook.
You dont have email? Just make a standing thread by year or month.
Farcebook? Why?
In the beginning, it was nothing sort of an amazing service.
To be able to contact old friends and to catch up with family you didn’t see often, was invaluable.
But then, more trashy people started living their trashy lives through it. people under 18 brought their high school drama. People then saw it as a soapbox to blast their unsolicited political opinions + the lynch mobs that resulted, and then there was all of the tacky add-ons that made it a complete dumpster fire that most of us avoid like the plague.
With all the recent news about FB. This makes more sense than it’s recent accent.
Y’all, if you hold mutual funds heavy-Laden with FANGS, that is FB, Apple, Google, get out of them asap.
The market has factored in Facebook’s decline and moved those $’s into winners.
Stocks Rocket Into Close on Report of U.S. Trade Deal With Europe
www.thestreet.com ^ | Updated Jul 25, 2018 4:05 PM EDT | staff
Posted on 7/25/2018, 1:47:42 PM by Red Badger
Here Are Three Hot Things to Know About Stocks Right Now
The Dow Jones Industrial Average shot higher at the close on reports of a U.S. deal with the EU to avoid a trade war. Facebook (FB) slides in after-hours trading after revenue miss. General Motors Co. (GM) slumped 4.3% after the automaker issued an outlook for 2018 that was below analysts’ estimates.
Wall Street Overview
Stocks surged in late trading on Wednesday, July 25, to end sharply higher on reports the U.S. and Europe have reached an agreement to avoid a trade war
The Dow Jones Industrial Average rose 172 points, or 0.68%, to 25,414, the S&P 500 rose 0.91% and the Nasdaq was up 1.17%.
The surge came amid reports European Commission President Jean-Claude Juncker and President Trump have reached agreement on a deal to avoid a trade war.
Sergio Marchionne, the legendary auto industry executive, died Wednesday, just days after he stepped down as CEO of Fiat Chrysler Automobiles NV (FCAU) following medical complications linked to an earlier surgery. Shares of the company fell 11% on disappointing earnings.
Sergio Marchionne Dies After Complications From Earlier Surgery
Marchionne, who assumed the role of Fiat Chrysler CEO when the U.S. carmaker emerged from Chapter 11 bankruptcy in 2009, has been widely credited with steering the company into profitability thanks to a shift toward larger vehicles in the U.S. market and a focus on cost cuts.
AT&T Inc. (T) fell 4.4% after the newly constructed digital advertising, media and telecom machine got a cool reception, despite an earnings beat.
The parent of Time Warner, DirecTV and AT&T communications networks earned an adjusted 91 cents a share in the second quarter, topping analysts’ estimates of 87 cents. Revenue in the quarter fell 2.1% from a year earlier to $39 billion and missed analysts’ estimates.
AT&T Media Ambitions Draw Cool Response
Boeing Co. (BA) posted second-quarter adjusted earnings of $3.33 a share, higher than estimates of $3.25. Revenue of $24.26 billion topped forecasts of $24.04 billion.
Shares fell 0.7%, however, as the company cut its defense operating margins and its full-year earnings guidance didn’t meet analysts’ expectations.
Boeing’s Earnings Soar, but Here Is Where Wall Street Is Focused
Coca-Cola Co. (KO) earned 61 cents a share on an adjusted basis in the second quarter, beating estimates by 1 cent. Revenue fell 8% to $8.9 billion but topped analysts’ forecasts. Shares rose 2%.
Coca-Cola Shares Edge Higher After Solid Q2, Full Year Guidance Boost
General Motors Co. (GM) posted adjusted profit in the second quarter of $1.81 a share, beating estimates by 3 cents. Revenue fell 3.1% to $36.8 billion. The automaker said it expects adjusted earnings in 2018 of $6 a share, below estimates of $6.42. Shares declined 4.3%.
General Motors Just Served Up a Reality Check to Team Trump GM Slashes Guidance After Mixed Second Quarter
United Parcel Service Inc. (UPS) shares rose 7% on Wednesday as it reported top- and bottom-line beats for the second quarter.
Earnings reports are expected after Wednesday’s closing bell from from Facebook Inc. (FB) and Advanced Micro Devices Inc. (AMD) .
Facebook is a holding in Jim Cramer’s Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells the stock? Learn more now.
http://freerepublic.com/focus/f-news/3673815/posts
They reported after hours. Tomorrow will tell the tale.
I have a young relative (female) who just posts selfies of herself. Weird.
That is not worth a 20% drop in stock price.
Facebook is now entering old news to the market makers and breakers.
I get a kick out of the businesses, like restaurants that have facebook pages. Seems they often forget to update the pages - like the most recent post being “our New Years Day specials” and it’s July of the following year.
It can't be long now:
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