Facebook's earnings report just out - AND IT'S TERRIBLE. Stock down 20%

[Legion]

Facebook was on track Thursday to post the largest one-day loss in market value by any company in U.S. stock-market history after releasing a disastrous quarterly report.

Through midday Eastern Time, the social media giant's market capitalization had plummeted by about $120 billion to about $508 billion as its stock price fell by more than 19 percent. At Wednesday's close, Facebook's market cap had totaled nearly $630 billion, according to FactSet.

No company in the history of the U.S. stock market has ever lost $100 billion in market value in just one day.

https://www.cnbc.com/2018/07/26/facebook-on-pace-for-biggest-one-day-loss-in-value-for-any-company-sin.html

 

[tinfoil]

People are realizing what Facebook is really about. They did not know that Facebook would work with Russian hackers to better penetrate the American electorate. They were complicit. They don't care about your privacy at all.

You wouldn't have cared if Trump had not been elected. Whatever your motivations, I'm happy to agree with you about facebook.

 

[Fentoine Lum]

Looks like people are voting with their feet AGAINST facebook's censorship of conservatives. Tmrw july 26, starbucks issues its earnings report and it will be interesting to see if people have abandoned it after its liberal-extremist management turned starbucks into a homeless shelter.

Good, fuck FB.

 

[Text Drivers are Killers]

The starbucks earnings came out today at 4 PM ET. Look to be ok. Stock was flat in aftermarket trading. Tmrw we'll know for sure.

 

[Joe Capitalist]

Congratulations (you capitalist pig), I'm too gun-shy to buy individual stocks. I go for the 'Bundle of Stocks' theory. ('why look for a needle in a haystack, ... when you can just buy the whole haystack and find all the needles')

Well, most of my investments are with mutual funds and ETFs but I allocate 10% for growth stocks. I hit the jackpot with Facebook, Chipotle, Netflix and Amazon.

 

[Text Drivers are Killers]

Twitter came out with it's earnings this morning and they were awful too. Their hate-conservatives policy is backfiring. Like so many companies, they try to please the news media instead of the public.