Pivoting to Video

Facebook's parent company, Meta, is circling the drain.

Here's an article from earlier today about Meta's stock free-fall:

Meta’s stock continued to plummet Monday, adding another 5% to what is now a 27% drop in the last week since the company’s disappointing Q4 earnings.

After shedding more than $230 billion of its market value in the last week, its valuation is less than a quarter of Apple’s $2.8 trillion market cap. Meta went down in history last Thursday for the biggest one-day crash in the stock market.

It was so bad, billionaire ghoul / fascist Peter Thiel sold off 80% of his Meta holdings:

The billionaire sold 53,602 shares, trimming his holdings by about 81%. Thiel, a member of Facebook's board of directors, cashed in most of his stake in 2012 after the company's post-IPO lockup period expired.

Here's the 5-day chart of $FB performance, via Google Finance:

It's only a matter of time, folks. Zuck is on the ropes!

You've successfully subscribed to Stephen Bolen
Great! Next, complete checkout to get full access to all premium content.
Error! Could not sign up. invalid link.
Welcome back! You've successfully signed in.
Error! Could not sign in. Please try again.
Success! Your account is fully activated, you now have access to all content.
Error! Stripe checkout failed.
Success! Your billing info is updated.
Error! Billing info update failed.