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Facebook Suffers Massive Loss Overnight That Could Have Shareholders In Mass Panic



The last couple of days on the stock exchange have been tumultuous for Facebook to say the least. It started yesterday but continued today as the tech-heavy Nasdaq fell sharply after Facebook missed predicted earnings. It sent the social media giant into a massive share price decline. They are on track to lose in the neighborhood of $100 billion in market value. As of the time of this writing, Facebook shares are down more than 19 percent. Not good.

Facebook has lost about a fifth of their overall stock value. The Nasdaq 100 index was off by 1.2 percent. Facebook, however, was not alone in their misery.

Amazon has lost roughly 2 percent. Netflix fell by more than 1.7 percent before slightly bouncing back. Google’s parent, Alphabet, fell .2 percent. Rocky is an understatement for the tech market today. Twitter and Snap both fell as well, with Twitter by 2.5 percent and Snap by 3.1 percent.

Investors did not see this coming.” It happened after the Nasdaq Composite index hit a record just yesterday. Before Facebook started falling at the end of yesterday, they had jumped 1 percent during regular trading. After the bell, things got messy. Facebook posted weaker-than-expected daily active users for the last quarter and reported that revenue growth would decline sequentially in the second half of this year.

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“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, who is the 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.” It could cause a sort of contagion in the tech market that could see massive drops in values. We’ll see. The loss overnight and today could send shareholders into a mass panic.

With Facebook down more than 19 percent, they are on track for their biggest drop ever. Its previous biggest drop was a 12 percent fall in July of 2012 shortly after it went public. We are talking billions of dollars disappearing here. The good news is that the broader market is on much sounder footing at the moment. The SPDR S&P 500 ETF Trust was just below break-even. Investors were more than likely encouraged by President Trump’s comments following his meeting with European Commission President Jean-Claude Juncker that hinted at the possibility of a trade deal between the U.S. and the European Union. Trump got concessions out of the EU when everyone said it was impossible. Go figure.

Forbes is saying that Facebook is slowing down and that people should get out of their stock. From Forbes:

“Facebook is slowing down. And unless Mark Zuckerberg can speed it up again, you should get out of its stock. (I have no financial interest in the securities mentioned here).

Before getting into that, Facebook stock fell 20% in pre-market trading on July 26. That $123 billion market capitalization wipeout had a simple cause — a slower-than-expected growth and profit forecast.

To be fair, its daily average users (DAUs) increased 11% in the second quarter — but its 1.47 billion DAUs fell 10 million below the average of analysts’ estimates compiled by Bloomberg. Its user base was unchanged in its biggest market, the U.S. and Canada, at 185 million DAUs and fell 1% in Europe to 279 million DAUs, according to its quarterly report. And its $31.2 billion revenues — which soared 42% in the quarter — were $130 million below analysts’ expectations.

Facebook’s bad news bearer was CFO David Wehner who said revenue growth rates would decline in the third and fourth quarters.”

When Facebook’s top executives were asked on a conference call by analysts “for more information on exactly how the company’s financial future had changed so dramatically,” they could not satisfactorily answer according to Bloomberg. It sounds like they don’t know or are being cagey about their answers here.

Part of the pain Facebook is feeling right now is that investments they have made are not paying off. For example, they paid $19 billion for WhatsApp in 2014, which does not charge for the service. By May of 2018, WhatsApp messages had tripled with approximately 1.5 billion users who were sending 65 billion messages via the WhatsApp mobile app and web client per day, according to Business Insider. It is unknown if that is boosting Facebook’s revenue or hurting it. As an accountant, I would want to see those statistics in writing to figure it out.

The revenue payoff from Facebook’s $3 billion 2014 acquisition of OculusVR is not very big either. In the third quarter of 2017, Facebook sold 210,000 Rift headsets at $399 apiece, generating about $84 million in retail sales. That’s a poor return on investment. Digital advertising is also suffering and doesn’t seem to be growing for Facebook these days. Forbe’s is also concerned about Zuckerberg himself, as they feel he is in over his head and cannot be displaced. We’ll see.

Whatever the reasons, it’s been a rough week for Facebook and shareholders could be starting to eye the exits. Again, not good.


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After Mexico Refuses To Stop Migrant Invader Mob, Trump Swings Presidential Hammer Of Justice




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Stop The Facebook Purge of Triple Amputee War Hero’s Pages! He Gave 3 Limbs For our Rights And they Stole It All From Him! Help this Hero Take it To Congress –> Fight4FreeSpeech!

This is a paid invasion army. It’s time to close the border immediately. I hope President Trump does so.

When you look at this illegal invasion.. you can clearly see most are men. Not women or children. Let’s hope they stop this in time.

From Zero Hedge:

Since President Trump threatened to close the Southern border due to Honduras’ unwillingness to comply with his requests for assistance in stopping a migrant caravan marching toward the US, the migrants have successfully crossed into Mexico and on Sunday regrouped after being temporarily delayed at the Mexican border by border guards who failed to force the migrants to turn back.

So, for the second time this year, it appears President Trump is ready to send more US troops to the border, as he said in a tweet Monday morning that he’d notified the border patrol and military that this is a “national emergency” while reiterating that the blame lay with Democrats for refusing to change our “pathetic” immigration laws.

The president also claimed that “unknown Middle Easterners” had become “mixed in” with the caravan.

And since Honduras and Guatemala did nothing to stop the migrants despite Trump’s requests for assistance, the president added that we would be cutting off aid: “We will now begin cutting off, or substantially reducing, the massive foreign aid routinely given to them.”

The backlash to the migrants has intensified over the weekend, as the mile-long caravan has continued unimpeded toward the US’s southern border. Amusingly, liberals bullied the Associated Press on Sunday into correcting one of its headlines after the wire service described the caravan as an “army of migrants”.

“A ragged, growing army of migrants resumes march toward US,” read the original headline on the AP story. The AP later changed the headline to replace the word “army” with “caravan.”

Though the AP has used the word “army” to refer to large groups of people besides migrants – including nurses and political activists – many on the political left criticized the wire service for its original headline.

Meanwhile, videos have emerged of people handing out cash to the migrants, raising suspicions that the caravan has received outside funding for its assault on the southern border.

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Congress Officially Filing Impeachment Charges Against Anti-Trump Politician – Then Unthinkable Happens




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President Trump is the Deep State’s biggest enemy. While Trump may be quite alone in his quest to “drain the swamp,” he does have some allies on the Hill.

Members of the Freedom Caucus have been assisting Trump in his battle with Mueller & his band of Democrats in charge of the witch hunt that after two years has produced zero evidence of Russian collusion.

Stop The Facebook Purge of Triple Amputee War Hero’s Pages! He Gave 3 Limbs For our Rights And they Stole It All From Him! Help this Hero Take it To Congress –> Fight4FreeSpeech!

A few months ago, Freedom Caucus leaders Mark Meadows and Jim Jordan filed impeachment charges against Deputy U.S. Attorney General Rod Rosenstein. The reason for the filing was because Rosenstein hadn’t handed over enough documents that had been asked for.

In July Vox reported:

“Hardline conservatives have backed down from a threat to imminently force a House vote on impeaching Deputy Attorney General Rod Rosenstein.

On Wednesday night, Freedom Caucus leaders Reps. Mark Meadows (R-NC) and Jim Jordan (R-OH) filed articles of impeachment against Rosenstein. The stated reason was mainly that Rosenstein allegedly wasn’t giving enough documents to Congress. But in context, the move — which wasn’t even certain to pass the House, let alone lead to Rosenstein’s removal from office — was clearly part of an effort by President Trump’s allies to attack the Justice Department and undermine special counsel Robert Mueller’s investigation, which Rosenstein supervises.

When Meadows filed the impeachment articles, only 11 of the 236 Republicans in the House were willing to sign on to them, making it unclear how much support his effort had. House Oversight Committee Chair Trey Gowdy, for instance, had said earlier that he wouldn’t back the effort (“Impeach him for what?” he asked). GOP leaders were also unenthusiastic about the controversial push, which would likely divide their party.

However, Meadows had the opportunity to use House rules to file a “privileged motion,” which would require a vote from the full House in the next two days — effectively forcing his colleagues to take a stand on impeaching Rosenstein even though there have been no hearings on the matter and little debate about it. Republicans facing tough races in November would not have been thrilled.

In the end, however, Meadows decided not to carry out that threat — for now, at least. He did not file a privileged motion for impeachment, and House Republicans announced Thursday morning that they would not vote on the matter before they leave for a month-long recess.

It is possible the effort could be revived in September when the House returns to Washington. But that would be closer to the midterms, meaning Republicans would be even less enthusiastic to take a divisive and controversial vote.

The current word is that Republican leaders agreed to hold a vote on whether Rosenstein is in contempt of Congress in the first week of September, if conservatives don’t get the documents they want by then. (That’s a weaker alternative to an impeachment vote, which at least had the potential to remove him from office.)

After conservatives had agreed to back down from the impeachment push, Speaker Paul Ryan announced publicly that he did not support impeaching Rosenstein. “I don’t think that this rises to the level of high crimes and misdemeanors,” he said.

Meanwhile, word leaked out that Jordan, who co-wrote the impeachment articles, will soon announce that he’s running to replace the retiring Ryan as speaker.”

Now, this could be seen as bad news in the fight against the Deep State, but there is a little hope.

Last month, leaked audio of Rep. Devin Nunes seemed to indicate that Rosenstein could be impeached at a later date. The timing was wrong for it.

USA Today reported:

“Leaked audio of Rep. Devin Nunes, R-Calif., speaking at a Republican dinner fundraiser made public Thursday evening shows the congressman addressing why Deputy Attorney General Rod Rosenstein hasn’t been impeached and saying that Republicans could be the only force stopping President Donald Trump from being impeached.

The audio, obtained exclusively by MSNBC, is of Nunes talking at a dinner event in Spokane, Washington, on July 30. He is asked by an audience member about the effort to impeach Rosenstein, which was only publicly supported by a small group of Republicans.

Nunes, who heads the House Intelligence Committee, seems to explain the main reason Congress hasn’t taken up the issue is due to timing and the upcoming midterm elections.

“It’s a bit complicated,” he told the audience member. “We only have so many months left.”

“So if we actually vote to impeach, OK, what that does is that triggers the Senate then has to take it up,” he said, explaining that it could take away from other priorities of Congress.

He said everything would have to be dropped if impeachment was up for a vote. “So it’s not a matter that any of us like Rosenstein. It’s a matter of, it’s a matter of timing.”

“Do you want them to drop everything and not confirm the Supreme Court justice, the new Supreme Court justice?” he added.

Later, he talks about the midterms and the sincere need to keep a Republican majority in both the House and Senate, something Democrats are hoping to clinch. Nunes details one big reason Republicans are needed: to protect Trump.”

Here’s the audio of Nunes.

Let’s hope Republicans in the House follow through & do their part to drain the swamp & get rid of those who are biased against Trump.

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