Facebook's Stock: A Classic Wall Street Overreaction
Plus 42%! In typical Wall Street fashion they've immediately overreacted to the bad (same story just reiterated) and hit the sell button on their Facebook stock, causing a massive drop in the stock price. Wall Street has it wrong and is overreacting to news we - you, me, and Wall Street - already knew. Facebook's revenue for Q2 2018 increased by 42% from Q2 2017. In most any other case this would be cause to celebrate. Not Wall Street, not in 2018. Wall Street has instead dec