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Face Down

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

In just four days, Facebook has lost about 16% of its value, or about $100 billion. The reason? Advertisers are cancelling left and right, since they are declaring Facebook is too tolerant of politically offensive positions.

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This is adjunct to the NASDAQ breaking its intermediate term trendline on Friday.

Personally, I don’t find the Facebook chart the least bit interesting, but it’s interesting to see how the cultural mores are directly affecting specific equities in our increasingly-polarized culture.

Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. I may receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.

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