Facefisted Is A Teenager, Regressing To Birth
Courtesy of Karl Denninger, The Market Ticker
Oh how you got Zuckered…
The price action is simply atrocious. It appears that the firm made an admission that a fairly significant percentage of its "accounts" are in fact duplicates, named for pets or fakes.
All we need now is for the company to post up a loss in the next quarter, and it's done.
My price target? Zero.
Disclosure: No position and I'm sorry if you were silly enough to buy into the bubble hype. After both 2000 and 2007 you should have known better — and I tried to warn you…