Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search


(6,288 posts)
Wed Jul 25, 2018, 05:51 PM Jul 2018

FACEBOOK Crashes 20% Drops 45.00 to $174.50

As of closing today.

CNBC discussing the drop & talking heads "can't understand why the crash"..????

Saying "FB could invest tons of money in security but it wouldn't be a guarantee of any better protections"..???


15 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies


(6,288 posts)
2. Yup. GOOD! Maybe Trump will offer a bail-out to Mark AND the Farmers
Wed Jul 25, 2018, 06:12 PM
Jul 2018

Zuckerburg did make a statement but I just caught the last part.
He was saying that he just wanted to provide a product where people could keep in touch with family .

(Guess he didn't mean no harm, really!)





(6,288 posts)
4. ?? Ahhh, isn't that just the kind of the thing to do nowdays ?
Wed Jul 25, 2018, 06:18 PM
Jul 2018

You know he'd do it too.

Good point.

Lucky Luciano

(11,283 posts)
13. If you are already long 550 million shares, it is hard to short.
Wed Jul 25, 2018, 11:05 PM
Jul 2018

In other words he would need to sell all the long before being short.



(6,288 posts)
8. FB lost 126 Billion today. The crash began only 3 hours ago.
Wed Jul 25, 2018, 06:47 PM
Jul 2018

Am Watching the crash on CNBC..

Wonder how investors are dealing with it.
Do they wait it out? Hope it settles back up?

Its now down to $169



(6,288 posts)
9. Yup. Not like Zuck will feel any financial pain no matter how low it goes.
Wed Jul 25, 2018, 06:52 PM
Jul 2018

I'm sure billiinares just keep their money where it cannot be touched anyway.

He will feel no financial loss, unlike what America is feeling since the 2016 election scam.


(22,556 posts)
10. Numbers supporting the stock mkt can't keep going up and up and up...
Wed Jul 25, 2018, 07:09 PM
Jul 2018

it's all got to come down eventually, especially w/ all of the market pressure that rump is putting on top of businesses w/ all of his stupid tariffs, and idiotic ramblings...



(6,288 posts)
11. True. Netflix has also dropped somewhat, as well as Apple, Amazon & Alphabet
Wed Jul 25, 2018, 07:18 PM
Jul 2018

FB still dropping,
Now at 164.30 -52.21

CNBC heads saying, " everytime Zuckerburg opened his mouth to explain, the stock dropped".

Also saying, :This crash was completely out of left field. No one predicted it & no one can explain what trigfered the crash in the past few hours."

FB loss is now 145 billion since hours trading.


(22,556 posts)
15. Per your remark regarding what triggered the crash out of left field etc.
Thu Jul 26, 2018, 01:31 PM
Jul 2018

There has been a lot of folks anticipating a market downturn for some time, figuring that if the markets have been going up and up for over 9 years, that it's bound to go down. They didn't, and kept going up...this is one of the longest run up markets in quite a bit of time, I give B. Obama lots of credit for this, for giving lots of stability to the markets, and so forth.

Rump is the exact opposite, runs off the mouth and does things impulsively. This is going to tank the economy as folks are discovering, when tariffs go up in one area, then all of a sudden, they impact other parts of the economy.

The republicans have clearly shown that they don't care about the economy, but instead, reduced the taxes their donors pay. They don't care about the minimum wage pay that we make, but do care about the pay of the 1% of the 1%. They don't care about infidelities that their members commit, oh, it's just locker room talk (this is disgusting, and reeks, Jordan is a joke)...they cared before about the federal debt, but now???

Hypocrites, all of them.

I can't wait until it is time to hunt republicans. In some areas, hunting season has already begun.
I hope that smart democratic contenders for office throws back everyone of these '100% about face' issues back in their faces!! Rump and his crap is just icing too, on the cake.


(51,819 posts)
12. The lights went out at W House presser
Wed Jul 25, 2018, 08:49 PM
Jul 2018

last week while discussing out nation's security and Russia and now this! Wasn't the issue of the safety of our power grids and Russian hacking in the news a lot in the last week? INTERESTING!

Latest Discussions»Editorials & Other Articles»FACEBOOK Crashes 20% Dro...