Facebook share price down 20% after earning miss

#1

Post by boto3 » Wed, Feb 02, 2022, 9:50 PM UTC

Facebook share price down 20% after earning miss
finance.yahoo.com

Re: Facebook share price down 20% after earning miss

#2

Post by boto3 » Wed, Feb 02, 2022, 9:57 PM UTC

Seems like the metaverse is not selling well to the Wall street in the real universe :)

Re: Facebook share price down 20% after earning miss

#3

Post by xqcgrek2 » Wed, Feb 02, 2022, 10:09 PM UTC

Seems like the decade long tech bubble is finally popping

Re: Facebook share price down 20% after earning miss

#4

Post by systemvoltage » Wed, Feb 02, 2022, 10:17 PM UTC

xqcgrek2 wrote: post #3

Seems like the decade long tech bubble is finally popping

Google posted earnings yesterday and stock popped by 10%. This is more to do with FB than tech bubble FUD. Also they broke out the reality labs division for the first time, presumably indicating not-so-rosy picture of what FB is betting on in the future with Meta verse.

Re: Facebook share price down 20% after earning miss

#5

Post by xqcgrek2 » Wed, Feb 02, 2022, 10:24 PM UTC

systemvoltage wrote: post #4

xqcgrek2 wrote: post #3

Seems like the decade long tech bubble is finally popping

Google posted earnings yesterday and stock popped by 10%. This is more to do with FB than tech bubble FUD. Also they broke out the reality labs division for the first time, presumably indicating not-so-rosy picture of what FB is betting on in the future with Meta verse.

Google is down on FB earnings. The market has strong correlations.

Re: Facebook share price down 20% after earning miss

#6

Post by MerelyMortal » Wed, Feb 02, 2022, 10:28 PM UTC

Duplicate (older with more comments): https://news.ycombinator.com/item?id=30184104

Re: Facebook share price down 20% after earning miss

#7

Post by zipiridu » Wed, Feb 02, 2022, 10:35 PM UTC

Facebook is facing competition from TikTok and will have a very hard time breaking their momentum. Always go long Google and short Facebook.

Re: Facebook share price down 20% after earning miss

#8

Post by missedthecue » Wed, Feb 02, 2022, 10:35 PM UTC

boto3 wrote: post #2

Seems like the metaverse is not selling well to the Wall street in the real universe :)

Probably means it's going to pay off in spades.

Re: Facebook share price down 20% after earning miss

#9

Post by dhruval » Wed, Feb 02, 2022, 11:05 PM UTC

systemvoltage wrote: post #4

xqcgrek2 wrote: post #3

Seems like the decade long tech bubble is finally popping

Google posted earnings yesterday and stock popped by 10%. This is more to do with FB than tech bubble FUD. Also they broke out the reality labs division for the first time, presumably indicating not-so-rosy picture of what FB is betting on in the future with Meta verse.

This is partly because of the 10:1 stock split google announced.

Re: Facebook share price down 20% after earning miss

#10

Post by rednerrus » Wed, Feb 02, 2022, 11:22 PM UTC

dhruval wrote: post #9

systemvoltage wrote: post #4

Earlier quoted context omitted.

Google posted earnings yesterday and stock popped by 10%. This is more to do with FB than tech bubble FUD. Also they broke out the reality labs division for the first time, presumably indicating not-so-rosy picture of what FB is betting on in the future with Meta verse.

This is partly because of the 10:1 stock split google announced.

Didn't google beat earnings by 10%?