Facebook tumbled more than 25% shortly after opening trade today! Reason is profit is missing market expectations

Posted by Johnzhang > 2022-02-03 23:12 | Report Abuse

The so called high growth stocks which are trading at absurdly high PE multiples will suffer the same fate when the growth story stop to ring . Amid increasing interest rate to fight hyper-inflation and quantitative tightening, global economic growth will be tempered . The high growth story can not go on . Better to go back to basic !

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2 comment(s). Last comment by Johnzhang 2022-02-04 06:23

Johnzhang

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Posted by Johnzhang > 2022-02-03 23:19 | Report Abuse

Q4 EPS only missed estimate by about 4% is enough to send its share price tumbling 25% soon after opening bell .

Johnzhang

3,098 posts

Posted by Johnzhang > 2022-02-04 06:23 | Report Abuse

The negative impact from interest rate increase and hyperinflation on purportedly high growth tech sector has not been fully priced in yet . More volatility is expected to come .

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