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Social media stocks getting crushed after hours

Posted on 2/2/22 at 3:58 pm
Posted by GeneralLee
Member since Aug 2004
13104 posts
Posted on 2/2/22 at 3:58 pm
FB, SPOT, etc. all down 10-20%. Yikes, the margin calls for some tomorrow might get ugly.
Posted by ItzMe1972
Member since Dec 2013
9807 posts
Posted on 2/2/22 at 4:00 pm to
Paypal was down 25% today.
Posted by zephry801
Member since Dec 2017
434 posts
Posted on 2/2/22 at 4:18 pm to
Good
Posted by CarolinaGamecock99
Member since Apr 2015
21890 posts
Posted on 2/2/22 at 4:18 pm to
What caused it?
Posted by they call me horse
Member since Jan 2022
362 posts
Posted on 2/2/22 at 4:20 pm to
quote:

What caused it?


Meta/FB & spotify announced earnings after the close.

Meta down 22 percent.

When Meta sneezes the social media world catches a cold.
Posted by Brobocop
Baton Rouge, LA
Member since Feb 2018
1905 posts
Posted on 2/2/22 at 4:36 pm to
Straight drop on NQ_F after FB earnings. Lol
Posted by Triple Bogey
19th Green
Member since May 2017
5986 posts
Posted on 2/2/22 at 4:38 pm to
That whole basket of shite is still overvalued.
Posted by FLObserver
Jacksonville
Member since Nov 2005
14473 posts
Posted on 2/2/22 at 4:38 pm to
Makes no sense One falls and everyone is taken down with them.
Posted by they call me horse
Member since Jan 2022
362 posts
Posted on 2/2/22 at 4:47 pm to
quote:

Makes no sense One falls and everyone is taken down with them.


Yes and no.

If FB is losing users/activity then it is likely that so will other social media companies.

Kind of like how if GM announced a drastic drop in revenue, Ford stock would drop.
This post was edited on 2/2/22 at 4:48 pm
Posted by they call me horse
Member since Jan 2022
362 posts
Posted on 2/2/22 at 4:58 pm to
Amazon announces earning after the bell tomorrow 2/3.

If they miss badly the nasdaq going to get smoked again.

Apple is the only fang that's killing it.
Posted by ItzMe1972
Member since Dec 2013
9807 posts
Posted on 2/2/22 at 5:11 pm to
"Apple is the only fang that's killing it."

Alphabet/Google also smashing positive numbers!
This post was edited on 2/2/22 at 5:12 pm
Posted by they call me horse
Member since Jan 2022
362 posts
Posted on 2/2/22 at 5:13 pm to
quote:

Alphabet/Google also smashing positive numbers!


Yeah, forgot them.
Although most of their bounce was due to 20-1 stock split.
(Which is kind of silly, but people are silly)
Posted by LSUregit
Member since Dec 2013
1620 posts
Posted on 2/2/22 at 5:26 pm to
quote:

Yeah, forgot them.
Although most of their bounce was due to 20-1 stock split.
(Which is kind of silly, but people are silly)



Google crushed it. Green light to buy here around 2900 IMO.
Posted by C
Houston
Member since Dec 2007
27825 posts
Posted on 2/2/22 at 5:36 pm to
What the hell is FB spending so much damn money on!?!?! That’s crazy. They have an amazing project management team so I guess I’ll trust them… but damn!
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 2/2/22 at 5:37 pm to
this volatility makes the crypto markets look stable

Posted by they call me horse
Member since Jan 2022
362 posts
Posted on 2/2/22 at 5:42 pm to
quote:

Google crushed it. Green light to buy here around 2900 IMO.


I'm kind of surprised that Berkshire Hathaway hasn't taken at least a small stake in GOOGL.
EPS 103 & pe 27.

Berkshire Hathaway owns over $159 billion of Apple, and owns 2 percent in Snowflake.
This post was edited on 2/2/22 at 5:51 pm
Posted by FinleyStreet
Member since Aug 2011
7902 posts
Posted on 2/2/22 at 5:48 pm to
quote:

Apple is the only fang that's killing it.


How is Netflix still in this club?

Faag is way more appropriate these days.
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21057 posts
Posted on 2/2/22 at 5:49 pm to
MMaag
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21057 posts
Posted on 2/2/22 at 5:49 pm to
Metaverse dawg
Posted by Triple Bogey
19th Green
Member since May 2017
5986 posts
Posted on 2/2/22 at 5:58 pm to
quote:

Apple is the only fang that's killing it.


MSFT also blew out
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