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Facebook Down 16% In Last Four Days

Published 06/29/2020, 04:05 PM
Updated 07/09/2023, 06:31 AM

In just four days, Facebook (NASDAQ:FB) has lost about 16% of its value, or about $100 billion.

The reason?

Advertisers are cancelling left and right, since they are declaring Facebook is too tolerant of politically offensive positions.

This is adjunct to the Nasdaq 100 breaking its intermediate term trendline on Friday.

Personally, I don’t find the Facebook chart the least bit interesting, but it’s interesting to see how the cultural mores are directly affecting specific equities in our increasingly-polarized culture.

Latest comments

Just amazing refusing cencorship is taged a vice how is uncle sam any better than ccp at this point
I’m boycotting all social media that censors free speech. Calling criminals what they are, is not hate speech. All voices need to be heard. Not just the socialist, liberal agenda. Sorry.
I absolutely agree
the wealthy don't care about your opinion, they care about money and you alone don't have enough to effect their decisions.
I would definitely buy the dip of FB. It needs to fall more!
it should be 50% down at least. Nemesis for those who speak against basic human rights
I'm going to stop buy from those boycotting FB.
What does that mean in terms of valuation? Is this attractive to you? Shall one buy the dip?
atractive is a really relative term nowadays it's just cheaper relative to the other FANGS, That said still its one of the mighty five thats driving the entire market if you believe the bulls still got legs this is a buying oppotunity, myself ignor toxic social platforms alltogether
Need another 15% haircut then ill jump in. 100 shares long
good for facebook for not allowed this corporations to bully them. other companies will be hit much harder when the 230 violations and law suits roll around.
Seems like the big wigs want to see a Biden win
when Huckleberry Finn is attacked and barred the time has come to support the 1st Amendment for free speech under our Constitution. Outside of yelling fire in a theater we are supposed to have debates. Zuckerberg is a Liberal being pushed to extremes by corporate extortionists. I hope he tells them to get lost.
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