Official saddo financial thread

[Master]

Apple is a fad. It will blow up and people will move on to the nokia soon.

[walrus]

Apple is a fad. It will blow up and people will move on to the nokia soon.

A fad, dude look at all the advice I gave you that was solid. Had you acted on it you could have had some ten bob notes or whatever u call them. Sometimes I think u might be trolling me.

[El Kabong]

Going to be interesting to see WHY (because you KNOW there's a WHY) Facebook is in a stock market free fall.....hmmm what could it be?

[walrus]

Going to be interesting to see WHY (because you KNOW there's a WHY) Facebook is in a stock market free fall.....hmmm what could it be?

Wow down 40 bucks. They missed a lot of numbers yesterday. I’d say buy if it hits 160.

[walrus]

Earnings per share: $1.74 vs. $1.72 per a Thomson Reuters consensus estimate
Revenue: $13.23 billion vs. $13.36 billion per a Thomson Reuters consensus estimate
Global daily active users (DAUs): 1.47 billion vs. 1.49 billion, according to a StreetAccount and FactSet estimate
Facebook missed projections on revenue and global daily active users this quarter after struggling with data leaks and fake news scandals.

The company reported its second-quarter earnings after the bell on Wednesday.

Bloomberg:

Mark Zuckerberg is counting the cost of user disenchantment with Facebook Inc.

His fortune tumbled by $16.8 billion in late trading Wednesday, as shares of the social media giant slid 20 percent at 5:37 p.m. in New York on disappointing results. If that holds through Thursday’s close, he will slide to sixth place from third on the Bloomberg Billionaires Index. It would also wipe his $13.7 billion of gains for the year, leaving him with just less than $70 billion.

[walrus]

I’m no Facebook fan and I don’t have the stock or use it but regardless they still have over two billion users. They also have other parts of the business they have yet to monetize and set up a social media consulting firm in China. Unfortunately I don’t see Facebook going away, it wouldn’t bother me, in fact i would be well pleased if it did

[walrus]

Ya Facebook down almost twenty percent. I don’t know what it’s P/E was before this dump. Sometimes drops like this set of automated selling and it just feeds itself. Let’s see what happens, maybe it’ll continue for a few days or bargain guys will swoop in at the end giving it a pump