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Facebook Tumbles Then Surges As Algos React To "Fake" Earnings Estimate

Facebook Tumbles Then Surges As Algos React To "Fake" Earnings Estimate

Facebook first tumbled then jumped after reporting Q2 EPS of $1.32, which initially slammed the stock as much as 5% lower however, then jumped just as quickly when it emerged that Bloomberg had blasted a wrong EPS estimate, according to which the company had missed earnings of $1.38...

  • FACEBOOK 2Q EPS $1.32, EST. $1.38

... only to immediately correct itself, and release the correct consensus expectations, which was $1.13.

Snopes.com Implodes, Resorts To GoFundMe

Snopes.com Implodes, Resorts To GoFundMe

Via StockBoardAsset.com,

Snopes.com is a failed liberal blog from 1994.  The website claims to
be the internet’s oldest and most popular fact-checking site. Last
year, Snopes Co-Founder was accused of embezzling company money, and spending it on prostitutes.

Now you can find the blog begging for $500k in funding via GoFundMe. So, far the campaign has raised $18,000 in 3 hours via 710 people...

Another victim of the fake news campaign backfiring on the left.

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