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372 Posts.
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26/07/18
18:00
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This is definitely a 'black swan' event.
If you have one of your so called blue chips making a move of -20% plus, then it tells you two things.
One, that your market is changing and the people 'valuing' the companies were blissfully unaware.
Secondly, the companies that sprung up to milk profits from Facebook are also going to hit hard times.
Remember, this is not some sensationalist news headline that is trying to grab the readers attention.
It is one of the biggest companies coming out and saying that things have stalled AND not getting better.
All the best to holders, though.
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