Breaking Down Facebook Earnings and Tesla’s Move into the Trillion Dollar Club

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.9 • 1.3K Ratings

🗓️ 26 October 2021

⏱️ 90 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Facebook shares higher in the after-hours after the company posted a better than expected profit for the latest quarter, even though revenue fell short of estimates. How you should trade the moves now, and what it says about the rest of big tech this week. Plus Tesla added over $100 billion in market cap today, launching it into the trillion dollar market cap club for the first time. What’s next for the EV maker? We break it down. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	Life in the Nasdaq market site overlooking New York City's Times Square.
0:05.0	This is Fast Money.
0:06.0	I'm Melissa Lee.
0:07.0	Tonight's Trader Line.
0:08.0	I'm Guy Domey.
0:09.0	Tim Seymour, Dan Nathan, and Jeff Mills.
0:10.0	Tonight on Fast, $100 billion dollar day.
0:13.0	The news that propelled Tesla into the Trillion Dollar Club.
0:16.0	And what it means for the EV giant plus Paypal on pause.
0:19.0	A deal with Pinterest off the table.
0:21.0	So why haven't you ever been able to recover recent losses?
0:24.0	We'll break down the future for this payment firm.
0:26.0	And we're going under the hood.
0:28.0	On Robin Hood, ahead of the company's earnings.
0:30.0	Shared trading of stones thrown away from where they went public.
0:33.0	Well, tomorrow's results be enough to give them another lift.
0:36.0	But we start off with the earnings alert on Facebook.
0:38.0	Shares with a social media giant.
0:40.0	On the move in the after hours, the company's call gets underway.
0:42.0	Up on a support percent right now.
0:44.0	Let's get to Julia Borson for the breakdown of the quarter.
0:46.0	Julia.
	...

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