The zany end-of-day FOMO runup on Thursday afternoon seems a little silly right now, considering some of the post-earnings action. We have Snap (NYSE:SNAP), which is getting destroyed. Incredibly, if you were shrewd enough to buy this thing when it came public 64 months ago, you’d be down about 50% right now.
Facebook (NASDAQ:META) (oh, sorry, META) is falling in sympathy.
But it isn’t just social media time-wasters. Intuitive Surgical (NASDAQ:ISRG) is also getting zapped hard.
But, ya know, as Tesla (NASDAQ:TSLA) aptly proves over the past 24 hours, sometimes these after-hours fireworks wind up to be absolutely meaningless by the next day’s close.
