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Troubled Tech stock Heaven : FAANG giants struggling?

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FAANG Stocks Getting Long in the Tooth?

  Stockhouse Editorial
6 hours ago


Every stock in the FAANG bloc was lower to kick off the trading week, as the tech selloff continued on Monday.

After taking a 20% hit last week, Facebook stock was down 4% at early trading on news of mixed earnings and slower future growth. Amazon was down nearly 2% by midday, while Apple posted a 0.50% decline, Netflix was in the red 5% and Google’s parent Alphabet retreated 1.74%.

Michael Antonelli, an institutional equity sales trader and managing director at Robert W. Baird & Co told Bloomberg News that sentiment is touring sour for FAANG, especially after less-than-stellar earnings reports. “They are dragging the Nasdaq 100 down by its feet.”

The selloff has also had an effect on the S&P 500 I.T. Index, which saw its biggest declines since March 2018, losing $240 billion from its market capitalization.


Read more at http://www.stockhouse.com/news/newswire/2018/07/30/faang-stocks-getting-long-tooth#pmzVlkWoc9XWyMyf.99

NOT "down by its feet". Down by the Head, more dangerous

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Rising Breakup Fever ?

New York AG Candidate: Time To Break Up Facebook And Google

https://www.zerohedge.com/news/2018-07-26/new-york-ag-candidate-time-break-facebook-and-google

"New York attorney general candidate Zephyr Teachout says it's time to "explore breaking up" Facebook and Google under state and federal antitrust laws if she is elected.....

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Twitter, Google and Facebook are Social Engineering Their Users for Manipulating the Political System

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Donald Trump Condemns Social Media Companies for Biased Censorship

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President Donald Trump criticized social media companies like Twitter and Facebook on Saturday for censoring conservatives.

“Social Media is totally discriminating against Republican/Conservative voices,” Trump wrote on Twitter. “Speaking loudly and clearly for the Trump Administration, we won’t let that happen.”

The president finally addressed the issue after prominent Trump supporters were expelled from social media platforms like Facebook, Youtube, and Twitter in recent weeks.

“They are closing down the opinions of many people on the RIGHT, while at the same time doing nothing to others,” he wrote.

Trump warned that the censorship decision process was clearly biased.

“Too many voices are being destroyed, some good & some bad, and that cannot be allowed to happen,” he wrote. “Who is making the choices, because I can already tell you that too many mistakes are being made.”

He warned that censorship in America was wrong.

“Censorship is a very dangerous thing & absolutely impossible to police,” he wrote.

Although Trump considers CNN and MSNBC “Fake News” he indicated that he did not want to censor those news outlets.

“If you are weeding out Fake News, there is nothing so Fake as CNN & MSNBC, & yet I do not ask that their sick behavior be removed,” he wrote. “I get used to it and watch with a grain of salt, or don’t watch at all.”

Trump called for all voices to get equal access on social media.

“Let everybody participate, good & bad, and we will all just have to figure it out!”

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Fakebook Chief's Delusions of Grandeur

"Will to Dominate" ... Fed by FB's still-high (but fading?) stock price?

I hear FB's success was assisted & fed by Deep State capital, connections & assistance

FB / Facebook ... All-data : 5-yr : 3-yr : Weekly fr. 1/2014 : 1/2015 : 1/2016 : Daily: 1/2016 : 1/2017

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FB / Facebook vs other FAANG & SPX ... update : FB at $164 is still down for the year

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Zuck's Delusions - he feels like an Emperor - which one?

images?q=tbn:ANd9GcQ-nEXncXf564MlgL92Kjo: Zuckerberg's obsession with ancient Roman emperor...

... Offers insight into how he runs Facebook

  • The Facebook CEO's idealization of the ancient Roman emperor, who he says made difficult choices to achieve the greater good, may explain some of his decisions.
  • The company pursued growth aggressively, including expanding into foreign nations and giving access to outside developers without putting checks and balances in place.

"You have all these good and bad and complex figures," Zuckerberg said during an interview with The New Yorker. "I think Augustus is one of the most fascinating. Basically, through a really harsh approach, he established two hundred years of world peace."

Like Zuckerberg, Augustus assumed power of his empire at a young age. To attain world peace, Augustus had to make choices "that didn't come for free, and he had to do certain things," Zuckerberg added. But in the end, the Facebook executive believes the emperor was able to achieve a significant period of peace, something that "feels unattainable."

The profile notes that Augustus eliminated political opponents and may have arranged the execution of his grandson.

Domination !

...The Augustus mindset could be one reason why Zuckerberg reportedly led his company to pursue growth at all costs, and used to end some meetings by half-jokingly shouting "Domination!," the profile says.

When Facebook stopped growing at 50 million users in 2007, the executive created a "Growth Team" to focus on getting more users, The New Yorker reported. Solutions included adding more languages to reach out to new territories, as well as asking the Federal Election Commission to exempt the platform from disclosing political ad funding sources in 2011. It also opened its platform to outside developers before putting safeguards in place to make sure user data wasn't misused, according to former operations manager Sandy Parakilas.

Many of these growth strategies have led to Facebook's current issues, including how foreign nations were allowed to sway U.S. elections with manipulative content. Facebook's former security chief recently told CNN he believes the company is not better prepared to deal with these forces than they were during the 2016 election.

Read the full New Yorker profile of Mark Zuckerberg here.

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SOXX-SPY : the Gap Widened... to the downside - maybe be signalling a stock Drop

Ratio Bounced off support at 62% yesterday

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fr. 11/1/17 : SOXX: $172.09>183.10 -1.16%,wed

/ SPY: $257.49>289.12 +0.02%:= Ratio: 66.85% > 63.33% : 94.73% (-5.27%)

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10d

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FAANG stocks ... since YrE-2015 : '16 : '17 :

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PAPER: Break up AMAZON before it does any more damage to America!

When Jeff Bezos announced that Amazon would be raising its minimum wage to $15 an hour last week, the reception was rapturous. The Seattle Times called it “the just thing.”Good for them,” said President Trump’s chief economic adviser Larry Kudlow. “I’m in favor of higher wages.” Bloomberg called it proof that “an even higher minimum wage is probably safe for big, productive cities.” Senator Bernie Sanders, a chief Bezos antagonist, called it “enormously important.” “Unequivocally good news,” said The Washington Post.

The latter is owned by Jeff Bezos, an all-too-easily forgotten point these days. Because for all the questions to follow this announcement — Why now? What is Amazon eliminating to pay for this? How much praise does Bezos, recently crowned the World’s Richest Man, deserve while paying, as of 2017, a median Amazon income of $28,446? — we are not asking the real one.

When did we become The United States of Amazon?

. . . From 2006 to 2016 Amazon’s stock price growth surged by 1,910 percent, destroying Sears, J.C. Penney, Kmart, Best Buy, Macy’s, Nordstrom, Target and Walmart.

Perhaps most importantly: Since the Great Recession, Amazon has paid just $1.4 billion in corporate taxes compared to Walmart’s $64 billion.

“We have institutionalized a regressive corporate tax structure at the hands of our idolatry of innovators and Amazon,” Galloway says. In 2017, Amazon paid nothing in federal tax.

The company is now on pace to become the largest clothing retailer in the country by 2021 and has become the most valuable company on the planet without ever posting substantial profit.

Think about that. Perhaps no other publicly traded company aside from Tesla has convinced the markets and investors of future profitability with such lopsided margins.

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Germany urges global minimum tax for digital giants

Europe is trying to devise a strategy to tax profits from the likes of Google, Amazon, Facebook, Apple and digital platforms such as YouTube and Airbnb which currently manage to keep fiscal exposure to a bare minimum.

Digital platforms "aggravate a problem which we know well from globalisation and which we are trying to counter -- the shifting of profits to fiscally beneficial regions," said Scholz.

> more: https://www.yahoo.com/news/germany-urges-global-minimum-tax-digital-giants-220405598.html

FAANG stocks ... since YrE-2015 : '16 : '17 :

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First Tech-Biggie down 25%?

AMZN /Amazon ...  Last $1539, -24.9% off year's high ($2050)

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Bezos Loses $19 BILLION!
AMAZON shares cratering...

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FB down 35.0% to $142.09 from $218.62 High of year

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GOOG down 19.9% to $1,020 from $1,274 High of year

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==

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Bull Market may be killed by FAANG's

SPY -vs: AMZN, FB, GOOG ... update :

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Index : Prev. : Open +%change: -Low  > -High-  : Close + $Chg. +%chg.: %Op
SPY  : 267.77: 270.65 +1.08% : 270.12 > 273.22 : 270.63 +2.86, +1.07%: 99%
IWM : 149.73: 151.26 +1.02% : 150.03 > 151.86 : 150.03 +0.30, +0.20%: 20%
Soxx : 160.92: 163.42 +3.37% : 161.52 > 164.22 : 162.96 +2.04, +1.27%: 38%
FB -- : 146.22: 155.00 +6.00% : 148.96 > 156.40 : 151.79 +5.57, +3.81%: 64%
Goog: 1036.2: 1059.8 +2.28% : 1057.0 > 1091.9 : 1076.8 +40.56, +3.91%: 171%
amzn: 1530.4: 1570.0 +2.59% : 1565.1 > 1623.1 : 1598.1 +67.59, +4.42%: 171%
=====

‘Godfather’ of chart analysis says ‘damage done to the stock market’ is much, much worse’ than anyone is talking about

MarketWatch

Prominent market technician Ralph Acampora says the stock market is in bad shape and it’s worse than many on Wall Street investors appreciate.

A pioneer in the field of chart-based trading, Acampora said the technical damage that has resulted in the Dow Jones Industrial Average DJIA, +0.97% and the S&P 500 index SPX, +1.09% erasing all of their gains for 2018, and the Nasdaq Composite Index COMP, +2.01% falling into correction territory—usually characterized as a decline of at least 10% from a recent peak—will take months to repair.

Acampora cited a break down of so-called FANG stocks—a quartet of technology and internet-related companies that include Facebook Inc. FB, +3.81% Amazon.com Inc. AMZN, +4.42% Netflix Inc. NFLX, +5.59% and Google-parent Alphabet Inc. GOOGL, +3.91% —as the clearest sign that the worm has turned on the bull market.

On Monday, those names, which have been significant catalysts for market sentiment and price moves, shed a combined $120 billion in market value. On top of that, Amazon became the most recent of that group to close in bear-market territory, defined as drop of at least 20% from a recent peak.

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he who dare not say apple....

1st of nov tomorrow, should be fun. on the back of a massive rce vulnerability in mac/ios too.

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Gab Reponds To Being Deplatformed In Wake Of Synagogue Shooting: “We Are A Threat To The Media &… Silicon Valley Oligarchy”

Up and coming social media platform Gab.com was taken offline by its hosting company following the synagogue shooting in Pittsburgh, Pennsylvania at Tree of Life this week that left 11 people dead.  The reason?  The shooter used their platform to post his threats and venomous hatred of Jews.  So, why should that be Gab's problem?  It isn't, but it's being made out to be that way so that a precedent is set for simply removing platforms, which are not publishers, for any reason their hosting company thinks appropriate, even though there are protections in the law for platforms like Gab.  Facebook crossed the line on that a long time ago when they decided to be censors.  However, Gab's CEO believes it demonstrates they are a real threat to the state-controlled media and "the Silicon Valley Oligarchy."

In a post that comes up at Gab.com, CEO Andrew Torba declared that the social media startup had been working with the Justice Department and the FBI to bring 46-year-old Robert Bowers to justice following the shooting.

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AAPL / Apple ... 2yr : 6mo / 10d - Last: 207.48 -14.74, -6.63%

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Facing iPhone Troubles, APPLE Tries to Change the Story...
Sales FALL In India...

Apple’s iPhone sales are set to dip by around a quarter in India’s holiday season fourth quarter, putting them on course for the first full-year fall in four years, industry research firm Counterpoint said on 4 November.

The Cupertino, California company’s struggle to break through with India’s 1.3 billion consumers swung more sharply into focus this week after Apple blamed a disappointing set of sales forecasts on a handful of big emerging markets.

Chief executive Tim Cook said after publishing third-quarter results that sales were flat in India in the fourth quarter, which includes a month-long festive season culminating this week in Diwali, a bumper period for electronics sales.

Neil Shah, research director at HongKong-based Counterpoint Research, said on 4 November its channel checks pointed to numbers for the quarter in the range of 700,000 to 800,000 units, down from about a million a year ago.

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Zuck 'em into Prison !

President Trump: Administration ‘Looking at’ Whether Top Tech Companies Violate Antitrust Laws

https://media.breitbart.com/media/2018/03/Zuckerberg-Justin-SullivanGetty-Images-640x480.jpg

In a recent interview, President Donald Trump stated that his administration was “looking at” whether or not the Silicon Valley Masters of the Universe have violated antitrust laws.

Business Insider reports that during an interview with Axios’ Jonathan Swan and Jim VandeHei during the premiere of the website’s new HBO show, President Trump stated that the European Union’s recent $5 billion fine against Google for “denying rivals a chance to innovate,” made him consider whether investigating other tech companies such as Amazon, Facebook, Google, and Twitter for similar antitrust violations may be a good idea.

“You look at the European Union, they fined I guess it was Google, billions of dollars, and frankly I don’t like that they’re doing that because that’s an American company,” Trump said. “I don’t think it’s good that they’re doing that. But if anybody does that, it should be us doing it.” When asked by Swan if he would direct the Justice Department to investigate whether the companies had developed a monopoly, Trump stated that it was “certainly something we’re looking at.”

 

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FAANG stocks ... since YrE-2015 : '16 : '17 :

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AT WAR ? FB vs AAPL 

Mark-Zuckerberg-300x169.jpeg

Sugar-Borg is NOT happy! & there's nothing sweet about ZuckerB.

AAPL versus FB... update

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Mark Zuckerberg Reportedly Orders Employees To Only Use Android Phones After Tim Cook Went After Facebook

Facebook founder Mark Zuckerberg reportedly directed his managing staff to use only Android phones after becoming “infuriated” at comments by Apple CEO Tim Cook, according to The New York Times.

Facebook, however, said it’s encouraged staff to use Androids for a long time.

” … we’re not going to traffic in your personal life. I think it’s an invasion of privacy. I think it’s — privacy to us is a human right. It’s a civil liberty, and in something that is unique to America, you know, this is like freedom of speech and freedom of the press and privacy is right up there for us,” Cook said during an MSNBC interview released in April.

The report from The Times mentions Zuckerberg was “infuriated” after Cook’s comments.

“We’re not going to traffic in your personal life,” Tim Cook, Apple’s chief executive, said in an MSNBC interview. “Privacy to us is a human right. It’s a civil liberty.” (Mr. Cook’s criticisms infuriated Mr. Zuckerberg, who later ordered his management team to use only Android phones — arguing that the operating system had far more users than Apple’s.)

Cook also denounced advertising-centered profit models and public security concerns during an interview with Vice News in October that took place after Facebook’s Sept. 28 announcement that the largest breach in its history had occurred, exposing the private data of 50 million users. The number was later dropped down to 30 million users.

“The narrative that some companies will try to get you to believe is, ‘I’ve got to take all of your data to make my service better.’ Well, don’t believe that. Whoever’s telling you that — it’s a bunch of bunk,” Cook told Vice. (RELATED: Apple CEO: Don’t Trust Companies That Say They Need Your Data)

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FAANG update

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A 1-2 week bounce may be due

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Tech Holders get Zvcked!

Stock : --11/19-- : - Chg.  : - Pct.- : MktCap : Old.MCp: -1d.chg: -SPYpt: income: PE-R:
FB----- : $131.44 : -$7.98 : -5.72%: $401.0B: $425.3B: -$24.3B: - 0.27 : $19.5B: 20.6 :
AMZN: 1512.29 : -81.12 : -5.09%: $779.1B: $820.9B: -$41.8B: - 0.47 : $08.9B: 87.5 :
AAPL : $185.86 : -$7.67 : -3.96%: $918.4B: $956.3B: -$37.9B: - 0.43 : $59.5B: 15.4 :
NFLX : $270.60 : -15.61 : -5.45%: $124.8B: $129.3B: -$04.5B: - 0.05 : $01.3B: 96.0 :
GOOG: 1020.00 : -41.49 : -3.91%: $740.6B: $770.7B: -$30.1B: - 0.34 : $18.8B: 39.4 :
==== 
Faang: $2963.9 : -138.6 : -4.68%: 2963.9B: 3102.5B:-138.6B: - 1.56 : $108.B: 27.4:
SPY- : $269.10 : - $4.63 : -1.69%: 23.88Tr*: 24.29Tr*: - 410.B: - 4.63 : $1.09Tr 22.0:
NDX- : 6642.92: - 224.1 : -3.26%:

=====

*SPX MktCap was $25.79Tr. at 9/30/18 ($290.72/269.10=1.080) = $23.88Tr

Faang's Drop of -138.6B was 33.8% ($1.56 spy pts) of the $410B drop in SPX

Faang's MarketCap was 12.4% of the $23.88 Trillion MarketCap of the SPX

Without the FAANG's SPX dropped from 21.19Tr to 20.92Tr : that's 1.27%, 3.44pts

Once popular tech stocks like Facebook and Apple are now getting crushed:

  • Facebook shares fell after a WSJ report that CEO Mark Zuckerberg is becoming much more aggressive in how he manages the tech giant.
  • Apple shares dropped following a report the company has cut production for its newest iPhones.
  • Bitcoin also continued a year-long slide, hitting its lowest level of the year.

Technology stocks were hit hard on Monday, with some of the biggest U.S. companies leading losses across the sector.

The tech-heavy Nasdaq Composite fell 3 percent as it continued a 6-week slide. The index was led lower by Facebook, Apple, and Nvidia.

Facebook's stock hit its lowest level since February 2017 on Monday. Facebook is one pace to finish its third straight month in the red, which would be its longest monthly losing streak ever.

Facebook tanking

The social media giant's shares fell more than 5 percent after The Wall Street Journal reported that CEO Mark Zuckerberg blamed second-in-command Sheryl Sandberg for the Cambridge Analytica scandal and its subsequent fallout. The WSJ's report adds more fuel to criticism of Facebook's handling of the scandal and whether the two top executives have been too slow to change its platform. The New York Times detailed last week how the company ignored and then tried to hide that Russia used the platform to disrupt the U.S. election in 2016.

Apple iPhone worries

Apple shares dropped 4 percent as the WSJ reported the Cupertino, California company has cut production for iPhones announced in 2018. Apple has slashed orders for the iPhone XR, XS and XS Max models, according to the report. The company's stock fell back into a bear market, down 20 percent from its 52-week high.

 

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Tech Holders get Zvcked!

SPY vs SOXX, FB, etc ... 10d :

x chart x

Stock : --11/19-- : - Chg.  : - Pct.- : MktCap : Old.MCp: -1d.chg: -SPYpt: income: PE-R:
FB----- : $131.44 : -$7.98 : -5.72%: $401.0B: $425.3B: -$24.3B: - 0.27 : $19.5B: 20.6 :
AMZN: 1512.29 : -81.12 : -5.09%: $779.1B: $820.9B: -$41.8B: - 0.47 : $08.9B: 87.5 :
AAPL : $185.86 : -$7.67 : -3.96%: $918.4B: $956.3B: -$37.9B: - 0.43 : $59.5B: 15.4 :
NFLX : $270.60 : -15.61 : -5.45%: $124.8B: $129.3B: -$04.5B: - 0.05 : $01.3B: 96.0 :
GOOG: 1020.00 : -41.49 : -3.91%: $740.6B: $770.7B: -$30.1B: - 0.34 : $18.8B: 39.4 :
==== 
Faang: $2963.9 : -138.6 : -4.68%: 2963.9B: 3102.5B:-138.6B: - 1.56 : $108.B: 27.4:
SPY- : $269.10 : - $4.63 : -1.69%: 23.88Tr*: 24.29Tr*: - 410.B: - 4.63 : $1.09Tr 22.0:
NDX- : 6642.92: - 224.1 : -3.26%:

=====

*SPX MktCap was $25.79Tr. at 9/30/18 ($290.72/269.10=1.080) = $23.88Tr

Faang's Drop of -138.6B was 33.8% ($1.56 spy pts) of the $410B drop in SPX

Faang's MarketCap was 12.4% of the $23.88 Trillion MarketCap of the SPX

Without the FAANG's SPX dropped from 21.19Tr to 20.92Tr : that's 1.27%, 3.44pts

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