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Facebook Slide Continues Even As US Market Closed

Tyler Durden's picture




 

The market may be closed but that does not mean long, well, short-suffering FadeBoon longs get a respite: courtesy of FB's German tracking stock, it appears that the stock traded down another 1.7% during today's trading session. This shift (adjusted for the EURUSD) implies a 2.7% drop from Friday's USD day-session close and extends the after-hours rout that occurred. And in even worse news for FB bulls, rumor has it Europe may open tomorrow again.

The EUR24.935 close today (-1.7% in Germany) implies around USD31.05. FB closed at USD31.91 on Friday (and slipped after-hours to USD31.34) inferring that Germany's equity traders see FB trading down 2.7% from Friday's US day-session (and still down from the after-hours close)...

Chart: Bloomberg

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Mon, 05/28/2012 - 12:31 | 2469486 junkyardjack
junkyardjack's picture

Don't worry they are going to buy a browser and come out with a phone.  Problem solved....

Mon, 05/28/2012 - 12:33 | 2469493 djsmps
djsmps's picture

A couple of weeks after paying a ridiculous sum for a browser, they will debut their new browser app.

Mon, 05/28/2012 - 12:35 | 2469502 cbxer55
cbxer55's picture

An app a day keeps the moonbats at bay!

Mon, 05/28/2012 - 12:57 | 2469560 Ahmeexnal
Ahmeexnal's picture

If they want an off the chart reading, they should come up with a bullshit detector app.

 

edit: Holy crap, they already did:  http://www.webtopia.com.au/iphone-apps/utilities/amazing-universal-detector

Mon, 05/28/2012 - 14:57 | 2469833 derek_vineyard
derek_vineyard's picture

just assess $100 per user fee and they'll have a quick $90 billion

then make that a monthly charge and 1 tril per year revenue from subscriptions----so the market cap is possiblily zillions

 

Tue, 05/29/2012 - 06:42 | 2470994 Harlequin001
Harlequin001's picture

It's looking good for a bounce... eventually...

Isn't this a penny stock yet?

Mon, 05/28/2012 - 18:22 | 2470244 Al Gorerhythm
Al Gorerhythm's picture

Planet of the apps.

Mon, 05/28/2012 - 12:53 | 2469550 Id fight Gandhi
Id fight Gandhi's picture

Yep, a half assed, crappy phone is what everyone is just jonesin' for. Good thing theres so little competition and high margins in that niche.

If FB had a brain they'd fix the apps on phones now. They're shit, and one of their reasons ad revenue is dropping off.

Don't get zucked.

Mon, 05/28/2012 - 14:34 | 2469812 Temporalist
Temporalist's picture

Spent time with some people complaining about how fragile their CrApple products were, 3 broken phones, 2 pads, macs, shuffles, pods.  Me "I had one phone break and fixed it myself."  Never bought an apple gizmo.  They can't wait to spend more on Apples.  Oh and they also complain about Siri but I guess having pretend friends on FacePlant is not as good as having a pretend friend on your phone.

Mon, 05/28/2012 - 15:02 | 2469873 vast-dom
vast-dom's picture

$28.99 immanent. 

Mon, 05/28/2012 - 16:20 | 2470043 Max Fischer
Max Fischer's picture

 

 

I tried to post an image of FB's 2 week chart over on MarketWatch, but they wouldn't allow images of rape.

MF

Mon, 05/28/2012 - 16:54 | 2470101 CPL
CPL's picture

Rape would imply that the patient was alive to begin with. 

 

I'm viewing FB as necrophilia, the body was DOA, yet people keep trying to get fucked by it.

Mon, 05/28/2012 - 22:21 | 2470628 Tijuana Donkey Show
Tijuana Donkey Show's picture

That was the first comment that I gave you an up. But, they are right about the corpse fucking...

Mon, 05/28/2012 - 15:03 | 2469875 Freewheelin Franklin
Freewheelin Franklin's picture

Just as long as they don't buy the Tor browser.

Mon, 05/28/2012 - 17:06 | 2470125 CPL
CPL's picture

Tor = Old and Busted, technology that attempts rebuild a piece of granite from the gravel in a parking lot.  Very slow and there are holes in the anonymity of it after some exploits were revealed.  Plus it can be REAAAALLLY slow.

I2P = New Hawtnez.  Better hiding online by technology that doesn't bother rebuilding the mountain, instead considers each piece of the original as a single object, much faster and completely befuddling to eyes, human or electronic.  Designed to take in locations and shit out fractals that are exchanged with the closest neightbour...but like the cat in the box as well...it'll skip around.

 

I'm sure an exploit will be developed eventually for it.  But it's the new online armour afaic.  Plus it's slightly more ungeekified, unlike it's TOR counterpart, which when misconfigured is completely pointless as a defence mechanism.  I2P has taken the annoyances out because of the nature of how it works.  It's easier to make a mess than remake the world.  It's a rather awesome piece of Computer Programming Architecture and Engineering.

Mon, 05/28/2012 - 19:44 | 2470372 Freewheelin Franklin
Freewheelin Franklin's picture

Is there another way to get on Silk Road that I am unaware of?

Thu, 05/31/2012 - 07:56 | 2478703 CPL
CPL's picture

The silkroad is on there, don't know the address though under I2P.  It's a part of the deep web I tend to avoid because it's heavily monitored and I'm not a big fan of the idea of an eBay of the illicit.  Most of the good stuff is located in the BBSes that hide under TOR.  Funnyily enough running Amiga's Citadel BBS variations.

 

There is enough rotten stuff out there on the web.  My interest is in the privacy aspect.

Mon, 05/28/2012 - 15:35 | 2469961 CCanuck
CCanuck's picture

RIM for sale? Cheap! Crackberry & DoucheBook a marriage made on Wall St.

Wedding to be aired on NetFlixx....25% off pay-per-view coupons available @ GropeOn!

CC.

Mon, 05/28/2012 - 15:59 | 2470006 The Fonz...befo...
The Fonz...before shark jump's picture

Haha yes hardware margins that's where it's at..forget writing code..making all the right moves...it's obvious sucker burg doesn't have a real growth strategy to implement..well at least one that won't result in massive losses

Mon, 05/28/2012 - 12:32 | 2469490 francis_sawyer
francis_sawyer's picture

Can't get [raped by] enough of a good thing...

Mon, 05/28/2012 - 13:25 | 2469624 q99x2
q99x2's picture

First thing I did when rape was first explained to me was to look for women that might commit such and act.

Mon, 05/28/2012 - 18:13 | 2470203 francis_sawyer
francis_sawyer's picture

doesn't exist... EXCEPT ~ within the 'fight or flight' expression...

I guess A LOT of ZH'ers don't understand this (based on the junks)...

No problem.. A LOT of 'new age' ZH'ers don't have a fucking clue about anything... They fucking think this is a 'METRO' version of 'The View'...

~~~

NOTE: BE FUCKING CAREFUL PEOPLE... "ZH" has ben systematically infiltrated by legions of 'FOLKS' who, using their strategy of 'gang warfare', endeavor to subjucate the TRUTH (especially in the guise of a ALTER psy-ops personality)...

Believe me or don't believe me... YOU DECIDE... In an ULTIMATE DEMOCRACY ~ if it exists... francis_sawyer will abide by your resolution... (WHO KNOWS ~ I COULD BE WRONG... Send your complaints to 1600 Pennsylvania Ave... Because I'm sure, between putts, the Teleprompter In Chief will be sure to address your concerns (as well as close GITMO, End Iraq & Afghanistan wars, put asunder the banking elite, & give you FREE & UNFETTERED Healthcare (with his right hand), while he's stroking the left handed putt into the hole...

GOD Bless America!... GODDAMMIT!

 

 

Mon, 05/28/2012 - 12:36 | 2469504 The Alarmist
The Alarmist's picture

Don't you hate it when Harvard grads screw other Harvard grads?

Mon, 05/28/2012 - 12:43 | 2469526 ihedgemyhedges
ihedgemyhedges's picture

As long as they don't make a video of it, I'm good.................

Tue, 05/29/2012 - 00:00 | 2470741 ToNYC
ToNYC's picture

That's Mark Zuckandburned for you.

Mon, 05/28/2012 - 12:36 | 2469506 veyron
veyron's picture

will the bundesbank have to prop FB now?

Mon, 05/28/2012 - 12:37 | 2469509 chrispycrunch
chrispycrunch's picture

Bringing back  browser wars  retro-style and making phones, poaching Apple engineers.  It'll work. Viewing ads and getting tracked on a phone targetted towards phone users who can't afford a phone will work. It'll work.

 

Mon, 05/28/2012 - 12:53 | 2469552 LawsofPhysics
LawsofPhysics's picture

That reminds me, how soon before there is a "drone app" to target any phone location?  Oh wait,  nevermind...

Mon, 05/28/2012 - 15:31 | 2469948 Zero Govt
Zero Govt's picture

the only 'technicians' FacsistBot will be able to poach from Apple are their janitors

..but only if they offer them twice the cash and tax status in Singapore like all the other FB Execs (which should tip the tax revenue balance and finish off those parasites in Washington)

Mon, 05/28/2012 - 12:39 | 2469512 LongSoupLine
LongSoupLine's picture

About face(book)

Mon, 05/28/2012 - 12:48 | 2469534 Bay of Pigs
Bay of Pigs's picture

where's that 20 handle anyway?

Mon, 05/28/2012 - 12:50 | 2469541 AC_Doctor
AC_Doctor's picture

The poor, ignorant investor has been Facellatioed!

Mon, 05/28/2012 - 12:57 | 2469567 Eclipse89
Eclipse89's picture

Facefucked, bitchez.

Mon, 05/28/2012 - 20:42 | 2470470 Drachma
Drachma's picture

MyTubeFace

Mon, 05/28/2012 - 12:53 | 2469551 Matt
Matt's picture

I hope it doesnt tank too hard before Puts are available tomorrow.

Mon, 05/28/2012 - 13:05 | 2469577 Beam Me Up Scotty
Beam Me Up Scotty's picture

I was thinking the exact same thing.....and some FAZ calls I think to boot, maybe Oct or Nov?  Theres got to be a market shit storm coming sooner or later.  Plus, Congress is on the hook for Taxmageddon, and they will wait until the last possible nanosecond to pass anything related to that.

Mon, 05/28/2012 - 13:09 | 2469581 Landrew
Landrew's picture

@ or near the money options on either side will be so rich which makes zero profits. Far out of the money is a loser over time. In order to make any money out of @ the money puts buy them after a big cover ralley back to 31?

Mon, 05/28/2012 - 13:03 | 2469574 Al Huxley
Al Huxley's picture

 'rumor has it Europe may open tomorrow again.' - good one, still laughing.

Mon, 05/28/2012 - 13:11 | 2469589 nudlee
nudlee's picture

me too, great one mr.T!

Mon, 05/28/2012 - 13:04 | 2469575 Jack Sheet
Jack Sheet's picture

I thought markets in GER were closed today -Whit Monday

Mon, 05/28/2012 - 13:10 | 2469584 vegas
vegas's picture

They should develop an app for every 20-something so that they could get up to the second details on what they owe on their student loans - put 'em on your FB page so that the whole fucking world knows just how broke you are and everybody can LMAO at just how fast interest and pricipal are piling up - your very own national debt clock.

I'd even get an account and log in just to see how fucked up some of you noobs are. I can see it now; BS sociology - Berkely - and then a clock on the 200K debt clicking along - WTF awesome.

 

htpp://vegasxau.blogspot.com

Mon, 05/28/2012 - 13:16 | 2469604 LawsofPhysics
LawsofPhysics's picture

That is a great idea.  I'll know what engineers are the most in debt before I hire them.  A 24-hour accessible list of the biggest, most "educated", debt slaves for hire.  That is bloody brilliant.

Mon, 05/28/2012 - 13:10 | 2469585 monopoly
monopoly's picture

Yes, but what I am waiting for is when Tyler posts that "Rumor has it that Europe WILL NOT open tomorrow. That.....will be the beginning of the end game.

Mon, 05/28/2012 - 13:16 | 2469605 Flounder
Flounder's picture

I haven't really been keeping up with this shit, but a "Buffy" phone?  "Zucker lusts for a phone to call his own." Huh?

http://www.dailytech.com/Report+Facebook+to+Launch+Phone+By+Next+Year+Ey...

 

Mon, 05/28/2012 - 13:32 | 2469642 I am Jobe
I am Jobe's picture

Farbook should show organic growth by posting dead people as the numerb of folks using Fartbook. Pathetic, all that hype of jobs they will create etc, a big fucking hoax.

Mon, 05/28/2012 - 14:36 | 2469818 Temporalist
Temporalist's picture

Farcebook?

Mon, 05/28/2012 - 15:22 | 2469929 I am Jobe
I am Jobe's picture

Yeap, had a little too much Scotch when typing.

Mon, 05/28/2012 - 13:32 | 2469643 TrainWreck1
TrainWreck1's picture

Zuckerdog will bounce back from this, with a sure-thing: WinningBook!

Mon, 05/28/2012 - 13:33 | 2469644 Fix It Again Timmy
Fix It Again Timmy's picture

Facebook - when you build a Lead Zeppelin, what can you expect?

Mon, 05/28/2012 - 15:30 | 2469947 Spastica Rex
Spastica Rex's picture

"Kashmir."

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