FANTASTIC NEWS: Another Jewish Company in FREE FALL: FACEBOOK: Billions in market capitalization wiped out – My Comments
[How awesome is this? Paypal taking enormous hits. CNN takes a beating and the top Jew is ousted. There's so much good news. I hate Paypal. I detest Jewbook. This makes my day. I have been thinking about the Metaverse that the Jew bag of shit, Zuckerberg was planning. The more I thought about it the more I disliked it. To me it is as if the Jew is trying to encourage huge numbers of people to disappear into an imaginary world as if to draw their attention deliberately away from REALITY. This would not surprise me. Maybe the Jews feel that people, common people, are too SERIOUS about reality AND THEY MIGHT CHANGE IT … so instead shuffle them off to another "world" where they can play and be so absorbed that they miss out on the real con games going on in the real world. I think that would be more in line with Jewish thinking. Because nobody could really figure out WHY the Jew Zuckerberg was doing this dumb Metaverse concept? Anyway, I'm glad it's a flop. Excellent. Jan]
Billions in market capitalization wiped out after first Meta quarterly report misses expectations
Shares of Facebook’s parent company Meta went into a nosedive after the markets closed on Wednesday, following an underwhelming quarterly report, the first since CEO Mark Zuckerberg announced the name change.
The stock stood strong at $323 a share when the markets closed at 4 pm EST, but collapsed to $249 just half an hour later, for a loss of almost 23%. In just the first eleven minutes of after-hours trading, $16 billion in Meta’s market cap had been wiped out.
What triggered the sell-off was Meta’s quarterly report showing lower revenue, earnings per share, and the numbers of daily and monthly active users than expected by investors.
Meta EPS misses User growth falls shortRevenue forecast missesMega-cap companies behaving like penny stocks. Brutal ? pic.twitter.com/H94A0eACUB
— Jonathan Ferro (@FerroTV) February 2, 2022
Whereas the investors expected around $30.15 billion, Facebook’s figures showed $27-$29 billion, CNBC reported, citing a Refinitiv survey of market analysts. According to the same source, earnings per share came in at $3.67, short of the expected $3.84.
The number of daily active users (DAU) stood at 1.93 billion, less than the expected 1.95 billion, while the monthly active users (MAU) also undershot the 2.95 expectation, ending up at 2.91 billion, according to Street Account.
This is the first quarterly report since Zuckerberg announced his social media behemoth would be changing its name to Meta, to better represent its focus on the upcoming “metaverse” and encompass the existing Facebook, Instagram and WhatsApp brands.