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This Is The Reason Why Facebook Is Sliding After Hours, Dragging Nasdaq Futures Lower
Moments ago, Facebook reported Q2 earnings and just like Twitter, it beat across all key financial metrics:
- Revenues of $4.04 billion beat consensus $3.99 billion
- Non-GAAP EPS of $0.50 also beat consensus of $0.47 (GAAP EPS was a different story, at half the non-GAAP).
- Monthly active users (MAUs) - MAUs were 1.49 billion as of June 30, 2015, an increase of 13% year-over-year, and above the 1.475billion expected.
So all is well, and FB stock should be soaring. Alas for FB longs it isn't and at last check the stock was down by $5 or about 5% after hours, because algos were focused on one particular user growth metric:
- Daily active users (DAUs) - DAUs were 968 million on average for June 2015, an increase of 17% year-over-year.
This number was a fraction less than the 970.5 million consensus estimate, and because it brought up nightmare visions of what happened to Twitter stock overnight, which since earnings has plunged to near all time lows, is forcing traders to sell or short, if only now, and ask questions later.
Ironically, the one chart the algos should be looking at is the one showing the Y/Y decline in real operating income, masked by the endless fudging of non-GAAP adjustments...
... an dthe collapse in GAAP operating margins:
The reason for this massive divergence? Some 19% of Facebook revenues are stock-based compensation: magically everyone continues to pretend this is irrelevant.
Whatever the reason, the stock is not happy...
And since FB, with its $270 billion market cap, has become a huge component of the Nasdaq, the broader tech index is not too happy either.
That said, we wouldn't be at all surprised if there is a complete kneejerk reversal during the conference call: yesterday TWTR had spiked 10% on the initial results, only to crash today. Perhaps Facebook will pull a mirror image...
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968 Million Assholes.
Algo's have nightmarish visions?
Hmmm...who knew? Guess that means we can get in their heads...
BOOGA BOOGA BOOGA, MOTHERFUCKERS!!!
200 million assholes
768 million fake assholes
i have 10 fake accounts and dont even use facebook lol
AOL, Myspace, FB. What's not to understand?
Will enjoy a healthy smattering of schadenfreude watching this shit go down.....
… yeah!
What the hell are y’all doing on THIS site ??
Be a patriot !
Log into Facebook™ -- help the NASDAQ and raise the GDP !!
Ass holle repeat 968 million times.
What's facebook?
"If its the House and Senate that are responsible for a lot of the terrorist start ups by over stepping their authority, will she apologize to president Obama and take the Republican and Democratic parties to task?
Will Tomi Lahren demand that John McCain gets water-boarded at Guantanamo? If she does, should we listen? During Lahrens rant against President Obama she neglected one thing…the facts, any facts. John McCain is just the tip of the iceberg when the subject turns to both Houses of Congress financial and emotional support for terrorism around the world. They control the budgets. They tie funding into major spending bills. They dare the president to veto them.
Will Tomi Lahren go after the “rich, white, old politicians she addressed at CPAC? I won’t hold my breath waiting.
If you think the US should bomb ISIL, start in Ukraine. The Baptist, Evangelical, Lutheran, Greek Catholic, and Ukrainian Orthodox that make up the fascist/ nationalist government and punisher battalions hold the same beliefs as them. They invited them and support them. Just think of it, US Army trainers working with ISIL that are in Ukrainian uniform.
Better yet, if America really has had enough the PATRIOTIC THING TO DO IS to cut off weapons and funding, and start prosecuting the members of our government that are making millions of dollars supporting them."
http://thesaker.is/its-not-the-muslims-stupid/
$270 billion market cap with 11,000 employees for a social media web site that builds absolutely NOTHING> When will this shit end.
Short answer. Never. The Psychopathic Social Engineers have made certain to build the Five Eyes infrastructure to enslave & control mankind.
"Guaranteed Five Eyes Safe."
This is valid even for Google, Amazon, Netflix and other corps that are owned by the deep state.
Facebook? Who the fuck uses that anymore?
Apparently, 968 million Assholes do.
Government's drug money went into US Treasuries this quarter.
Sorry Fuckerface.
The only people I know who use FB are annoying parents constantly posting picture of little Suzy with gummy bears stuck to her cheeks and 75 year old retired couples who think posting on FB makes them 'hip.'
makes them hip, while getting ads for hip replacement
We must ban after hrs trading uh , selling yeah yeah after hrs selling
Facebook has a P/E of around 100? Exxon has a P/E of 12 and even Apple is at 14.
Their entire income stream is based on advertizing dollars. There is a finite number of advertizing dollars in the world. So how is it that EVERY internet company is claiming they are going to capture all of those dollars? I'm sure those advertizing dollars have been "claimed" by companies hundreds of times over.
So, either their income is going to jump 10 times, or their share price will "adjust".
agree .... and who the hell audits all the DAU and MAU data ? It's a wonderful scam if you ask me. It took Google 8 years to make a quarter trillion market cap, Fakebook just 3.
I called China...Sum Ting Wong had no comment.
And..................
it's back.
1.6 billion get the fuck out of here. That is one of those things that you know is bullshit as soon as you hear it, like "I did not have sex with that woman" and "If you like your insurance, you can keep it".
How many of those accounts are really just duplicates, eg people who want to be on Tinder but dont want to blast that they are on a hookup app to all their friends? Not to mention bots. If Facebook were to add a CAPTCHA to their login that number would drop by half
Fuck you Larry Summers
http://mobile.nytimes.com/2015/07/16/business/dealbook/lawrence-summers-...
FaceBook - the holy grail for divorce lawyers, ambulance chasers, child molesters and every other known bottom feeding scum you can think of.
Didn't FB enroll in the PPT's special Share-Boost program? I'm sure they'll be fine.
I tried to deactivate my account years ago. Its still there. I hate that miserable facebook.
Look harder. You can deactivate the fucker but it requires a lot of steps. I deleted mine a quite a while ago and it works. Proof? People I know ask me why I am not on BookFace anymore when I ocasionally run into them at social functions. I never said shit there anyway.
https://www.youtube.com/watch?v=2ppfweXun4o
Thats says it all...
They're calling them DAU.
I absolutely agree on that: dumbest assumable user...
Who in their right mind would pay Facebook to advertise their products? The real suckers are the companies who think they can get ROI upon thinking they're reaching 968 million sets of eyeballs...
I occasionally visit there. I have never seen an ad, I never intend to see an ad, I block ads with more than "Adblock". Advertise all you want. I just do not see it.
968 million daily active users? out of 6 billion people on the entire planet many of whom don;t even have internet connection?
yup, the numbers are shockingly bogus. Take out about 1 billion plus chinese who are blocked, 1 billion aficans who dont have connectivity leaves say 4 billion humans that could possibly connect. The claim that a quater of the worlds population are active on FB on a daily basis is so ridiculous its actually pretty ballsy to publish that figure. I guess there investor market are living in a bubble where that might actually seem plausible to them.
Not one intelligent or thoughtful post among all these smart people? Haters gotta hate.
I hate BookFace and I can't wait for it to crash and burn and go straight to hell.
A billion people letting Zuckerburg look over their shoulders...
75% of FB's revenue now comes from mobile. They successfully transitioned to mobile way better than Goog. I don't have a FB account but over the last 12 months I've started to feel that in 10 years FB will have far surpassed Google. There are just too many idiots and lemmings who want to be on the platform and it seems more defensible of a postition than Google's is.
Wife went to an online web site yesterday to look at some things. Did not log into that site so she came in anonymous. However, she was on Facebook before and after this. This morning she gets an email from that web site that contained the products she anonymously looked at. Thanks Zuckerburg!
And damn this spell check - I type the first four letters of his name, and spell check finds the rest. Now that is power!
Mrs M's research on BookFace turned this up.
If the epic amounts of click fraud were exposed on this piece of shit --it would collapse.
Facebook is the BIGGEST FAKE of them all.
The VCs buy adds
You have to log in to play online games or make a comment on some zuckered newspapers blog
the nytimes is using them as a portal!
Well that didnt work out so well for Yahoo which was one alibaba float away from anhilation.
Sooner or later this joke of a socially pathetic website will come to grief.
Keep your privacy folks. Its the most valuable asset you have!