Good News! Good News! Facebook Death Spiral By Chris Knight

     We can hope. We can pray. But, there is some chance, that Facebok could go down the financial drain:
  https://www.cnbc.com/2018/07/25/tech-stocks-poised-for-bloodbath-on-thursday-with-facebook-on-track-fo.html

“The tech-heavy Nasdaq was set for a big down day Thursday after disappointing quarterly results from Facebook sent the social media giant hurtling toward its biggest share price decline ever and on trackto lose more than $125 billion in market value. The Invesco QQQ Trust, which tracks the Nasdaq 100 index and can give traders a good idea of how the Nasdaq stocks will trade, was down more than 2 percent at one point in after-hours trading Wednesday. At last count, the ETF was off by about 1.5 percent. Facebook lost more than a fifth of its value after hours. Nasdaq futures opened lower Wednesday evening, off by about 0.8 percent. By 11:20 p.m. ET, they had declined further by 0.96 percent. Big technology stocks other than Facebook felt the collateral damage as investors fled the sector. Apple lost about 1 percent. Facebook’s “FANG” brethren were also lower. Amazon, which reports after the bell Thursday, lost 2.3 percent. Netflix, which disappointed FANG investors with its own set of weak results earlier this earnings season, shed about 3 percent in after-hours. Google parent Alphabet fell 2.4 percent."

     In this mad world, things can go up as quick as they go down, but if trends continue, Facebook may be like a person grabbed by a croc. Taken to the bottom of a stream, where the croc rolls drowning the unfortunately censor . Come on Mr Croc, show us what you have got! Get that death roll going.

 

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Thursday, 25 April 2024

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