Ah, the joys of watching The Left shoot their toes off…
So FaceBook and Twitter decided to piss on Conservative Voices, doing all they can to collude with the Democrats and shift (meddle in) the Midterm Elections.
So what do you get after 3 months of pissing off 1/2 the population, your customers and potential customers (not to mention your investors)? What’s your ROI on that action?
Here’s their stock tickers in the last 3 months compared to the S&P 500:
Down 26% and 34%. At that rate, they can reach zero in a year… A fella can hope ;-)
Normally I’d start to watch for “bottoming action” and a chance to pick up a rising company on the cheep. The problem here is that it is not clear they will ever ‘rise’ again. Will they change their behaviour after the election? Will a Red Tidal Wave mean they get “congressional oversight”? Will they double down on the policies even as their customers find other competitors who do not abuse them?
There’s just too much unknown until a good ways post mid-terms.
But until then I can enjoy a good laugh at the schadenfreude…