Google, Microsoft and Facebook all reported earnings today, beating estimates.
All are up 10% between the regular trading session and after hours.
So much for our total collapse.
Facecrook:
“As encouraging as this news was,
the reality is that the internet
ad recession sparked by the Covid-19 pandemic
is likely only just beginning. Even management seemed to caution the
environment may get worse. Facebook CEO Mark Zuckerberg said the economic fallout from the coronavirus
may last longer than people anticipate. The company’s CFO David Wehner also added the ad industry
contraction could be more severe going forward. Consequently,
Facebook didn’t provide any guidance for the second quarter and full year.”
https://finance.yahoo.com/news/facebook-defies-gravity-t-deny-232731191.html26+MIL unemployed and the GDP just shrank (4.8) percent in the first quarter, and you think that is a strong economy that can produce profits and growth, and you think every unemployed person will be back to work shortly, just like turning the light switch on, regardless of the numerous business BK’s and supply channels being fractured.
Companies hit their numbers in the first quarter, because the lockdowns were only TEN DAYS SHORT of the very end of the quarter, but with those numbers forward guidance for the REMAINDER OF THE YEAR is being adjusted DOWN…by EVERY business.
This is just getting started cupcake, and the fact you’d make such an immature statement in your attempt at a “gotcha” to make me look bad, simply proves you are completely clueless as to how serious and destructive this situation will be before it is all over.
You have rocks in your head, because you damn sure don’t have any economic / fiscal clue.
P.S. Just wait and see what happens when third quarter numbers come out TWO WEEKS before the election in November when this schit storm has had time to take hold across TWO QUARTERS, but YOU commies will love those results, won’t you?
P.P.S. If the economy is so great mr. “gotcha”, why didn’t facecrook provide ANY FORWARD GUIDANCE…….even if it were only DOWN….like all other businesses?
Last I heard, it is illegal for a public company to keep share holders in the DARK…mr. “gotcha”.
P.P.P.S. CHECKMATE.