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Interesting that you mention FB, considering it's just had a 40%+ drop over a matter of weeks. Compared to other FAANG, the drop is massive. FB is now only up a
by x3sphere 5y ago
Interesting that you mention FB, considering it's just had a 40%+ drop over a matter of weeks. Compared to other FAANG, the drop is massive. FB is now only up around 30% compared to early 2017. If you'd bought GOOG or AMZN during the same time, you'd be up over 200%.
What warrants such a huge drop if the market was correct about FB? Seems to me like it was indeed overvalued, but the market just came to that realization a few months ago. Even though we're experiencing a broad selloff in the market FB has been hit way harder than comparable companies.
- clove 5y agoIt was the earnings report that effected the drop. Users dropped for the first time in the company's history, potentially signaling peak growth, meaning it's downhill from here. I think the market acted accordingly and the drop was justified.