Facebook (FB) has been able to run on its own since being founded and going public.
So what, as it turns, does the company do? It runs amok.
As the NEW YORK TIMES INVESTIGATIVE REPORT revealed this week the company has been reckless and irresponsible and instrumental in the Russian invasion of the US 2016 elections, and its executives have “delayed, denied, and deflected” criticism through the entire controversy.
We’re talking sheer greed here, capitalism as its ugliest.
But it appears its time of running unfettered is up as Congress focuses on bringing regulations to finally make it responsible for the harm it has done and to insure that it does not do it again. In the end Facebook will be better off for it…or it will be dead (hard to believe? remember MySpace?).
As a result the FB stock (see chart below) has proved once again in financial markets’ store there all always both escalators up and escalators down,
Regardless, to state the obvious, while investors may see profits evaporate in fleeting time, traders can make money on both the ups and and the downs.