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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junkyardjack's picture

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

djsmps's picture

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

cbxer55's picture

An app a day keeps the moonbats at bay!

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

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


Harlequin001's picture

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

Isn't this a penny stock yet?

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.

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.

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.


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.

Tijuana Donkey Show's picture

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

Freewheelin Franklin's picture

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

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.

Freewheelin Franklin's picture

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

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.

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!


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

francis_sawyer's picture

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

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.

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!



The Alarmist's picture

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

ihedgemyhedges's picture

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

ToNYC's picture

That's Mark Zuckandburned for you.

veyron's picture

will the bundesbank have to prop FB now?

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.


LawsofPhysics's picture

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

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)

Bay of Pigs's picture

where's that 20 handle anyway?

AC_Doctor's picture

The poor, ignorant investor has been Facellatioed!

Matt's picture

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

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.

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?

Al Huxley's picture

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

nudlee's picture

me too, great one mr.T!

Jack Sheet's picture

I thought markets in GER were closed today -Whit Monday

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.



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.

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.

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?



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.

I am Jobe's picture

Yeap, had a little too much Scotch when typing.

TrainWreck1's picture

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

Fix It Again Timmy's picture

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