Facebook slid

Nikkei fell 1,2% today. The index is so far down 0,9% in October but still up 38% so far this year. The broader Topix was down 0,9% today. 2,82 billion shares changing hands and that is down from a six-week high of 3,48 billion.

European shares is down today with the FED`s less-dovish-than-expected statment rainsing concerns the U.S central bank could start trimming its stimulus sooner than foreseen. Gold is trading at $1334, down -1,11%.

LinkedIn plummeted 9,32%. Facebook slid -0,78%. LinkedIn`s revenue growth per user is slowing down. LinkedIn Q3 revenues came in at $393,0 million, up 56% from last year. Losses came in at $0,03 per share. Earnings came in at $46,8 million, up from $25,1 million last year.

LinkedIn is probably overvalued. The stock is up 107,8% the last 12 months. Stockprice should be much lower than it is today. P/E is 852. LinkedIn is 22 times sales and 25 times book. How is that possible? This is a bubble and how big is it gonna be?

Facebooks (FB) earnings in Q3 beat the expectations as the number one website in social media continue to expand with their mobile ads. Revenues from mobile ads rose to 49%. That`s up 8% since Q2 this year.

Profit in Q3 doubled to $621M, and EPS is now at $0,25. Revenue came in at $2,02B, up 60%. Facebook will not increase the number of ads in user feeds, and Mr. Mark Suckerberg says that the teenagers were using the Web site less. That is not good new for the future. The shares went down and are now trading at 49,01.

News today: Unemployment Claims at 8:30am, Chicago PMI at 9:45am.

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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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