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Thread: Zuckerberg loses $16,800,000,000 in minutes!

  1. #1
    INGSOC GURPS's Avatar
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    Zuckerberg loses $16,800,000,000 in minutes!

    Tech stocks set to fall Thursday with Facebook on track for biggest drop ever



    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.

    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 5:30 a.m. ET Thursday, they indicated losses of 114.59 points at the open.

    Big technology stocks other than Facebook felt the collateral damage as investors fled the sector. Apple lost nearly 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.
    We’re tempted to suggest a conspiracy here — but it’s just liberals agreeing yet again that conservatives have hidden, evil motives, because modern liberals simply can’t conceive of any other reason to disagree with the liberal consensus.

    “Moral precepts are constant through the ages and not obedient to circumstances.”

  2. #2
    I'm sure it had to be because of Trump's tariffs...
    Go back and search before you rock back that Pez dispenser of Stupid called a mouth. ~ Pete

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