I don't do stocks, but I couldn't let this get away. Look at this GAP in the price..
The price will return to nearly where it was before. But not anytime soon.
The problem with that is it will take "a long time", especially with the attention that european countries are giving FB (as FB clearly dropped the ball and/or collaborated on this one).
The beating up hasn't finished yet, so don't "buy" many lots. As long as the_Zuck doesn't come clean, apologetic and with a no-BS plan to move forward, the FB stock will get beaten up more. In 1-2 months this will be back. I don't mind waiting this one out, and if FB play their cards right (and become a quarter-decent privacy advocate) then their stock may even see an increast.
Recap: gap will be revisited/closed (as they always do).
Ps: imagine the party that EU would have had if this would have happened after GDPR had gone live!!!
Pps: I caught a good portion of the drop, and I've made the first slice of profit. Now it's time to make some on the way back.
The price will return to nearly where it was before. But not anytime soon.
The problem with that is it will take "a long time", especially with the attention that european countries are giving FB (as FB clearly dropped the ball and/or collaborated on this one).
The beating up hasn't finished yet, so don't "buy" many lots. As long as the_Zuck doesn't come clean, apologetic and with a no-BS plan to move forward, the FB stock will get beaten up more. In 1-2 months this will be back. I don't mind waiting this one out, and if FB play their cards right (and become a quarter-decent privacy advocate) then their stock may even see an increast.
Recap: gap will be revisited/closed (as they always do).
Ps: imagine the party that EU would have had if this would have happened after GDPR had gone live!!!
Pps: I caught a good portion of the drop, and I've made the first slice of profit. Now it's time to make some on the way back.
Trade closed manually:
I got to the point that I am making a very small profit and I closed the trade before the NYSE closing today. That FTC, together with the lies by CA/FB will make things ugly.
I still believe it will get back up to (nearly) where it was, but NOT any timesoon. I expect some nasty beating to the price of the stock as soon as official inquiries begin.
And while I was writing the above:
www.bloomberg.com/ne...use-of-personal-data