Facebook Stock Drops 24% – Zuck Loses 16.8 Billion in Two Hours


Facebook is in meltdown mode as their stock dropped 24% in just two hours. Thus dropping the company’s value by 130 billion dollars. As a result, Zuckerberg has lost 16.8 billion alone. That started a sell-off of all tech stocks, although by much less.

Facebook lost page views and advertising when conservatives grew tired of being shut down on the social media giant. In between elections, I can post as much as I want. Although come election time, I am on constant suspension. There have been two occasions in which I was suspended and I hadn’t even logged in yet. You can’t alienate half the country expecting to have continued growth.

From CNBC

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 track to lose more than $100 billion in market value.

Facebook posted weaker-than-expected daily active users for the last quarter and said revenue growth would decline sequentially in the second half of this year.

“The Facebook guidance debacle will be a tough pill to swallow for the bulls and weigh on FANG names as this comes on the heels of a Netflix miss as well last week,” said Daniel Ives, head of technology research at GBH Insights. “Facebook’s outlook will cause worries on the Street and that could spread to other names with stock multiples coming under attack. Facebook’s nightmare guidance will spook tech investors with a near-term white-knuckle period ahead.”

The shareholders can’t insist Facebook change its policy censoring conservatives. Because Zuckerberg controls more than 50% of the voting stock. They have 2 choices… They can sell their stock and take the loss or hold onto it and hope it goes back up.

Either way, it’s a gamble. However, those holding onto the stock should sell the moment it recovers.

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