A bad day
for Mark Zuckerberg as his Facebook stock
Took quite
beating that should have left him in a state of shock
$15 billion
of his value down the drain
Dropping him
out of 4th to 6th in the top ten billionaires’ reign
Privacy
concerns have forced a commitment to spend billions more
Also a
growing threat of censorship that the company will find hard to ignore
Largest drop
in market value in the history of our stock market
So much for
the idea that high tech is where investors should park it
Before one
feels sorry for Mark one should remember $8.3 million he earns
Making the
mortgage payments should not be the slightest concern
Question is
whether Facebook is now a buy
And if and
how long before it recovers to its former high.
© July 27,
2018 Michael P. Ridley aka the Alaskanpoet
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