This post was originally published on this site
Retail investors are meme dancing on what they see as Facebook’s
FB,
stock market grave.
On Monday, the social media giant experienced one of its worst days ever with a whistleblower unmasking herself on ViacomCBS’s “60 Minutes” television program to further claim that the company is not protecting minors, then Facebook’s three major products: Instagram, WhatsApp, and Facebook itself all experienced prolonged outages, and the company’s stock closed down almost 5%.
By Tuesday morning, Reddit boards like WallStreetBets were brimming with dark schadenfreude memes from retail investors ready to watch Facebook’s stock shrivel up like a Friendster account in 2007.
The most popular images ranged from the straightforward grave dancing:
…to pop cultural references:
…to funny, if personal, potshots:
…to Squid Game-y:
…to truly impressive artistic work:
And while Facebook stock showed signs of being “liked” on Tuesday despite Capitol Hill testimony from former Facebook data scientist turned whistleblower Frances Haugen, retail investors remained pretty cynical about HODLing shares.
According to HypeEquity, which tracks social media volume on WallStreetBets, Facebook remained the most-discussed ticker on Tuesday with interest surging more than 300% over even Monday’s action.
But the most popular words in mentions of Facebook were “down” and “put.”
And on Reddit, more dirt was being kicked with one clever user even making a visual joke that Facebook CEO Mark Zuckerberg might think about growing a ZZ Top-esque beard to emulate Twitter
TWTR,
CEO Jack Dorsey:
