Investorideas.com
Search  Follow Investorideas on Twitter  Investorideas is on Facebook  Investorideas is on Google Plus  Investorideas is on Youtube  Investorideas is on Pinterest  Investorideas is on tumblr  Investorideas is on LinkedIn  Investorideas RSS 


Investorideas podcasts on iTunes, Google Play Music and iHeart.com    Investorideas.com potcasts - cannabis news and stocks to watch plus insight from thought leaders and experts    Investorideas.com crypto corner    Play by Play – the latest sports headlines and sports stock news

 

Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories

Facebook's ($FB) Faceplant: What Do #Investors Really Desire?

 

July 26, 2018 (Investorideas.com Newswire) Peter Kendall, Chief Analyst for U.S. Markets and Cultural Trends, comments on recent news that Facebook's stock droped 19%, losing $120 billion in value after warning that revenue growth will take a hit.

"Investors may say they want "privacy first," but history tells us what they really want is "profits first."

For months, none of it mattered. First came revelations that Facebook had been "weaponized by Russia to try and sway the 2016 election." Then came reports of Facebook's failure to protect users' private data, followed by more and more revelations about privacy issues and Facebook's controversial defense of posting conspiracy theories and holocaust deniers on its social media platform. All along, Facebook continued to advance to new all-time highs. On Tuesday, one industry expert put it this way: "The social media giant looks invincible."

Until Wednesday afternoon, when Facebook fell more than 20% -- and nearly $150 billion in market value! -- as the 18-month long "public relations nightmare" caught up to its stock price in one fell swoop. What happened? A dramatic shift in investor psychology to a less-forgiving nature. That action fits seamlessly into our outlook, not just for Facebook and technology stocks, but for the stock market and U.S. economy as a whole. If we are right, the repercussions will be with us for a long time to come."

About Peter Kendall

Peter Kendall co-edits Elliott Wave International's Elliott Wave Financial Forecast with Steven Hochberg. He also provides commentary on cultural trends, the economy and the U.S. stock market for the firm's Global Market Perspective. Kendall began his career as a financial reporter and columnist in 1983. He wrote "On the Money," a column for The Business Journal, from 1991 to 1997. Kendall joined Elliott Wave International as a researcher in 1992 and served as the director of EWI's Center for Cultural Studies, where he focused on popular culture and the new science of socionomics. He has been contributing to Global Market Perspective since 1995, and he also contributes to EWI's Short Term Update. He graduated from Miami University in Oxford, Ohio, with a degree in Business Administration.

About Elliott Wave International

Elliott Wave International is the largest independent technical analysis firm in the world. We cover every major financial index in the world, around the clock, and many of our publications have won top awards in their categories. We do not take our lead from Federal Reserve Policy, news headlines, Presidential elections or the latest economic statistics. In fact, we forecast the forces that produce those outcomes, so we - and you - can expect them to happen.


TechSectorStocks.com - investing ideas in tech stocks - mobile payments, social media, AI and Robotics, Drone Stocks, GPS, Internet of Things (IoT)

Like Tech Stocks? View our Tech Stocks Directory  Get News Alerts on Tech Stocks


More Info:

Investorideas.com Newswire

This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders


Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release on the Investorideas.com newswire http://www.investorideas.com/News-Upload/

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

Please read Investorideas.com privacy policy: http://www.investorideas.com/About/Private_Policy.asp