Please examine this screen shot...Can anyone find what is wrong with this picture? And look at the time stamp. So the "tech reporter" who posted this probably started composing this at around 4:03 PM ET. Sipped his latte, checked his Instagrams/Facebook, messaged his mom he'll be home for supper and will pick up the milk and eggs. Then yawned unceremoniously for a few minutes while checking his iWatch to see how high his respiration rate went up today, before finally hitting the "submit" button. And poof, there we have it, the totally accurate report on the extended session rout of FB stock as reported by a "credible source". Meanwhile, if he had just waited until a reasonable time, like 5PM ET, he would have a more reliable picture of what REALLY went down in the immediate after-hour.
Most likely this reporter is a tech reporter without quotes, i.e. a bot/AI that builds 'articles' from market data.
Bloomberg does that a lot. They list the source as Bloomberg news but when you click on the article, the author is Bloomberg automation which means I will get nothing insightful from the article : just numeric data in paragraph form.
%% Easy to find a lot wrong with that. WHY put FB falling 17%+ SPX falling 1.57%,same sentence??Apples to orange timeframe.