FB tanking now due to ZNGA tanking 40% from bad earning. Doesn't look good now since FB get a little bit of revenue from ZNGA. New lows might be coming.
man I'm sure the inside syndicate of FB is secretly happy even though you don't think they are.. they ramped up the valuation for 2 years and dumped it in the private sector then now they have successfully dumped tons of shares at 38 to 27 .. to them the multibles they are selling at.. why would they care .. 27 or 38 its all way over valued.. i'm sure there are tons of retail long term investors sitting on the stock saying.. "oh it will come back" short term their taking a bath..
i'm guilty as hell though.. i lost a thousand on znga calls that expire this sept at 15 strike .. so who am i to talk... with all these neural network investing algos out there maybe i should just do exactly opposite of what i'm thinking!
Funny, I just deleted my facebook account, found I had no use for it and I was one of the earliest users back when you had to have a college email to sign up.
