Facebook (FB) Does Face a Plant, Buy, Sell or Hold
July 26, 2018
Facebook reported 2nd quarter earnings last night and investors did not like what they heard. The share price fell in aftermarket trading by about $44.25 or 20.3%. This is truly remarkable when you think about it. Going into the call the company had a market cap of $630 billion and an enterprise value of $550 billion. $126 billion of market value was erased from the universe in the blink of an eye.