This is next level wrong:

“How most of Facebook’s 62 analysts—who spend their lives crunching numbers—failed to see such a dismal report coming could be a case study on what you miss when looking at consensus expectations.” pic.twitter.com/N60M9cQLnL

— Barry Ritholtz (@ritholtz) February 11, 2022

I never look at consensus expectations because I don’t give a shit about what clueless analysts think about anything.

I sold all my Facebook stock back in October 2021. Made a lot of money off it, too. When you can tell that the tide is turning, don’t need to know or care what anyone else believes.

Proof I done did what I said I did:

FB is about 35% lower now.