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Facebook share price down 20% after earning miss

34 points by boto3 5y ago

boto3 5y ago
Seems like the metaverse is not selling well to the Wall street in the real universe :)
- missedthecue 5y ago
  Probably means it's going to pay off in spades.
xqcgrek2 5y ago
Seems like the decade long tech bubble is finally popping
- systemvoltage 5y ago
  Google posted earnings yesterday and stock popped by 10%. This is more to do with FB than tech bubble FUD. Also they broke out the reality labs division for the first time, presumably indicating not-so-rosy picture of what FB is betting on in the future with Meta verse.
  - xqcgrek2 5y ago
    Google is down on FB earnings. The market has strong correlations.
  - dhruval 5y ago
    This is partly because of the 10:1 stock split google announced.
    - rednerrus 5y ago
      Didn't google beat earnings by 10%?
- sjtindell 5y ago
  What bubble? These are literally some of the largest, most profitable companies on the planet earth.
MerelyMortal 5y ago
Duplicate (older with more comments): https://news.ycombinator.com/item?id=30184104 https://news.ycombinator.com/item?id=30184104
zipiridu 5y ago
Facebook is facing competition from TikTok and will have a very hard time breaking their momentum. Always go long Google and short Facebook.