Posted on 11/19/2018 11:16:43 AM PST by Red Badger
Facebook is on track to post its longest losing streak ever, and some say there’s more pain ahead Facebook is on track to post its longest losing streak ever, and some say there’s more pain ahead 4:52 PM ET Fri, 16 Nov 2018 | 04:19
Facebook is facing a mountain of problems.
The social media giant's stock fell nearly 5 percent on Monday, hitting its lowest level since February 2017, as the social media company came under fire after a damaging report about its top management in The New York Times.
Facebook is poised to close its third straight month in the red, which would mark its longest monthly losing streak on record. Furthermore, Facebook is on track for its longest quarterly losing streak since 2013, and its first full year of losses since going public. According to some experts, the stock isn't done falling.
"Technically, when I look at this, there's no question that we've violated the long-term uptrend support line off of the [2014] lows. We've got some support that's going to come in right around $130, but better support coming in at $114," Craig Johnson, chief market technician at Piper Jaffray, said Friday on CNBC's "Trading Nation," adding that he would stay on the sidelines here, rather than putting fresh money to work, or "further reduce positions on it at this point."
The shares are on track for their third straight month of losses, something they've never done before, and their second straight calendar quarter of losses, which they haven't seen since 2013.
Others are negative on the stock in the near term, but say it could be a value play in the long run since its valuation has fallen so severely. Mark Tepper, CEO of Strategic Wealth Partners, told "Trading Nation" that he finds its price-earnings to growth ratio, or PEG ratio — a measure of a stock's value by taking its price-earnings ratio and factoring in its earnings growth rate — reasonable at this juncture.
"If you have a two- to five-year time horizon, Facebook actually looks really attractive at these levels," Tepper said.
Still, the short term will likely be difficult for the stock with mounting headwinds.
"The market has been absolutely punishing companies with decelerating growth, and that's exactly what you're seeing with Facebook. I don't think there's any light at the end of the tunnel anytime soon. They're making some pretty aggressive investments to deal with improving their ad transparency, getting rid of fake accounts, eliminating fake news, and that's going to be a drag on profits in the near term," he said.
Facebook shares have declined 25 percent this year.
My Space is still around, as is AOL...................
FB and all the other social media were NEVER worth their valuations...
That right there is a biggie......reveals a horrific tinpot dictators' mindset. What he intended to do with the data is frightening (and its not what he says he intended).
=================================
Only the tip of the iceberg of Zuck's obsession with domination. THERE'S ALSO:
Requested nude photos of users to “protect them against the risk of revenge porn”. (a nice blackmail scheme he dreamed up)
Secretly tried to get hospitals to release vast stores of patient data “so I can help cure diseases”. .....OMG.....
Wouldnt he be cute in a pink pussy hat?
Is there an alternative to FB? Now or in the future where one can get Conservative views instead of far-left views??
Is there an alternative to FB? Now or in the future where one can get Conservative views instead of far-left views??
The interesting Question is why the NYTimes is going after FB. I suspect this is part of an ongoing campaign to make sure FB doesn’t back off on censoring conservatives.
FB temporarily challenged the legacy media’s monopoly on setting what could be discussed on the news. The legacy media is making sure FB joins that monopoly.
The FB purge of conservative opinion was FB’s first step of capitulation. This article is a reminder to fb of how painful it would be to cross the deep state and its media minders.
GAB, is like Twitter.
There isn’t a good alternative for FB, but some have suggested taking over MySpace in droves to get FB off their screens................
I remember my sister and her Friendster,still have no idea what that was ,LOL
and if I go inside I still think their stuff costs way too much
Usually I hate public loathing of someone unusually wealthy.
But in ZUCK’S case..?
I COMPETELY understand..!
He would be cute.................in an orange jumpsuit..............Bubba says....................
Or as I call it, The Bush Family Plan.
IMO....FB isn't to be used. But that is just me....I've family that uses it...and very Conservative friends that use it.
I think my way....they think their way..........
It would be interesting to see if this nose-dive correlates in time with the hiring of Alison Schumer to a position in Facebook management.
Investors Beware: Could gifted political hires be hazardous to your financial health???
Baby, better come back maybe next week
Can’t you see I’m on a losing streak?
I was a little confused by the article. By losing streak I guess they mean market value. It still makes profit though, right?
I hope so, because they have a lot of control. For instance if I want to comment on various forums I must log in via Facebook.
I’m loving the fact that the social-ists are eating each other. That’s social justice.
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