Soros Has Stake in Facebook?
- Posted on August 14, 2012 at 10:59pm by
Becket Adams
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Currency speculator and billionaire philanthropist George Soros’ most recent 13-F report reveals two very intriguing facts:
1) He has abandoned his stake in major financials
2) He holds thousands of shares of Facebook stock
“Soros completely dumped his stakes in Citigroup (420,000 shares), JP Morgan (701,400 shares) and Goldman Sachs (120,000 shares), leaving him with no position in any major financials at all,” writes Business Insider’s Linette Lopez.
He also ditched tech stocks: “He got rid of minor stakes in Dell (3,100) and Intel (10,600).”
And as for his position in Facebook, Soros owns 341,000 shares.
Considering the fact that Facebook’s stock has been struggling ever since its disastrous initial public offering, and the fact that he’s ordinarily a savvy investor, one can’t help but wonder what’s driving Soros’ interest in the seemingly unprofitable social network.
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Comments (67)
nocommie
Posted on August 15, 2012 at 6:49amHey old George,I think you just got ZUCKED
Report Post »starman70
Posted on August 15, 2012 at 10:46amOH, NO: How better to keep up with conservative posts and have them altered than to own a large block of shares in facebook.
Report Post »shustring
Posted on August 15, 2012 at 5:44amOMG…..GLENN PLEASE PLEASE PLEASE have your team create a website
Report Post »that works like facebook……only make it like the original and not like this timeline
crap !!!!
TAXEVERYONE
Posted on August 15, 2012 at 8:44amFacebook has run it’s course.
Report Post »Sounds like a good business opportunity for some conservative business people.
grayling646
Posted on August 15, 2012 at 3:59amUmmmm…shortly after this story appeared I requested they stop posting stories about Soros because he’s just boring anymore. They removed the post. Kinda sensitive, huh Blaze?
Report Post »LONGHOTSUMMER
Posted on August 15, 2012 at 2:49amDon’t you just love people in stores;
1. Not looking where they’re going.
Report Post »2.Making dumb noises about what aisle they’re in.
3.Making dumb noises about what kind of canned peas they’ll buy.
4.Racking up minutes.so ‘the dude’ gets richer.
5.Less money for my treats. ……grrrr……..
PATTY HENRY
Posted on August 15, 2012 at 3:10amNoticed that he no longer has PETROBAS (whatever) the Brazilian Oil Co. that OBAMA gave SOROS $2 BILLION dollars of OUR TAX MONEY…when asked about it, OBAMA refused to answer, but said we had to support the Brazilian Exploration for Oil…. Traitor. When the news of it got around, Soros sold off his shares… Who knows what happened to our TWO BILLION…this was one of the first things this snake in the grass did after he moved into our WHITE HOUSE. (2009) it’s probably still on line. Look it up.
Report Post »Z
Posted on August 15, 2012 at 1:12amTime to dump Facebook
Report Post »sillyfreshness
Posted on August 15, 2012 at 1:50amJust another reason not to have Facebook. It’s a spying network for the government developed by “chosen person” Mark Zukerberg and owned in part by “chosen person” George Soros. Two Bolsheviks.
Report Post »A_GUY_FROM_WNC
Posted on August 15, 2012 at 1:50amWho even has their stock? They have no real value, only an advertising stream.
Typical Facebook update:
Ain’t my cat cute?…LOL, OMG,RFLMAO, stuck at work and my boss (me) busted me again et al.
Some folks use it for informative things…….but not most.
I don’t have an account but I have a life!!!
Report Post »deltaecho
Posted on August 15, 2012 at 1:06amToday after I got up and made some coffee, I let the dog out to take a whiz. Then I gave him a cookie, because he’s a good dog. His name is Kobie.
Report Post »Later I had some coffee – always Columbian – and a smoke (yeah, I know.)
After that I thought about Soros and realized I didn’t give a schit what he does.
I have lots of water, food, ammo, dead standing trees for wood and a small cozy home.
Come and take it.
ThoreauHD
Posted on August 15, 2012 at 12:48amWhat’s more important is that Soros has dumped all his shares in JP Morgan Chase, among others. Guess what that means kids?
Report Post »whatthecrazy
Posted on August 15, 2012 at 3:04amWhat?
Report Post »DRAGONSEED
Posted on August 15, 2012 at 5:39amYeah. Strikes one as “odd,” to say the least. Maybe the Hungarian who calls himself SOROS
“knows something”… ?? Would not be the first time he profited from Bank problems! (He is known as “The Man Who Broke the Bank of England” [source: wikipedia].
An interesting quote from link below:
“Economist Paul Krugman is critical of Soros’ effect on financial markets.
“[N]obody who has read a business magazine in the last few years can be unaware that these days there really are investors who not only move money in anticipation of a currency crisis, but actually do their best to trigger that crisis for fun and profit. These new actors on the scene do not yet have a standard name; my proposed term is ‘Soroi’.”[33]
https://en.wikipedia.org/wiki/George_Soros
Report Post »taxpro4u03
Posted on August 15, 2012 at 12:22amIn that report, I couldn’t help but notice a string of sixes for Exar Corp — ‘what IS that?’ — Lo! I say unto thee, it is a Fremont, Ca – based internet security and ‘CLOUD’ based organization — now — with sheeple jumping on the bandwagon to ‘store ALL’ their ‘information/finacials etc — in a ‘cloud,’ — what does one suppose would happen to it in a ‘digital world?’ Lost/Stolen/hacked etc…. “I want to TOUCH my money…” — If it ain’t IN your possession/control — it ain’t safe. period. “Life, liberty and the pursuit of happiness is never safe when Congress is in session.” ~Mark Twain… Choose to make an ‘educated’ decision before allowing ANY ‘cloud-based backups’ to store your data… Like ‘insurance.’ Assess the RISK/benefit factors.
Report Post »BryanB
Posted on August 15, 2012 at 12:12amTax Write-Off…..All Rich People need them…………
Report Post »elderbat
Posted on August 15, 2012 at 12:07am…and Citigroup handles Home Depot credit cards…what else does old Spooky have his grubby hands in???
Report Post »kickagrandma
Posted on August 15, 2012 at 7:03amEVERYthing.
Report Post »woodyee
Posted on August 15, 2012 at 12:02am8.7 million shares in Government Electric (GE)
1.6 million shares in Government Motors (GM)
lots of food for thought…if I were a gobblement attorney., I’d be getting my pencil pushers ready as November nears…
Report Post »KwikKarl
Posted on August 14, 2012 at 11:51pmHe seems to like Walmart and Micron
Report Post »WAL-MART STORES INC COM 931142103 $336,873(X$1000)
MICRON TECHNOLOGY INC NOTE 1.875% 6/0 595112AH6 $804,608(X$1000)
Maxim Crux
Posted on August 14, 2012 at 11:50pmHe owns that many shares of all the idiots that post all their personal information and likes on there too. He now not only knows who you are, what you like, he also knows your whole family, your friends and where they all live. Valuable information. That is what it is all about isn’t it. Facebook is only a tool in which you don’t need anyone to tell on you…you tell on yourself
Report Post »whatthecrazy
Posted on August 15, 2012 at 3:09ami started to do a face page and changed my mind, now they won’t leave me alone.Seems creepy ,now i know why
Report Post »KINGRUDDY
Posted on August 14, 2012 at 11:47pmObvious…..banks will plunge very soon and take down the market….where facebook will emerge as big winner… what does he own facebook at? he prolly just bought it.
Report Post »WTF!!! If banks do tank soon and facebook pops, then we know soros is the anti christ!!!
Wake up America!!!
helluvagoodgod
Posted on August 15, 2012 at 12:01amSore-ass is just a pawn of the antichrist. The real antichrist has not been released on the earth yet. This would be the actual devil who stands in the holy place claiming he is GOD during tribulation.
Report Post »taxpro4u03
Posted on August 15, 2012 at 12:36am@ helluva: — Some say that would be Prince Harry, who will be 33 (jesus was 33) in 2015 – it is speculated by some that this will be HIS time to ascend the throne – Realize also that the Pope guy‘s ’NWO’ (read OWN, bas-ackwards) has dibs — real or imagined — thru PROXY everything in the revived Roman Empire (Empire of the Cities = 3 city-states of London/Vatican city and D.C.) — perhaps a ‘Harbinger’ “story” will emerge before too long… Hyksos ‘shepherd kings’ and their descendants are rumored to be “God’s Chosen people” — but the ‘scapegoat’ Khazarian descendants are getting the ‘rap’ for it… that’s just the rumor, tho…
Report Post »Detroit paperboy
Posted on August 15, 2012 at 12:57amKingruddy……the anti Christ has been revealed……..it’s name is “ ISLAM ”
Report Post »wisehiney
Posted on August 14, 2012 at 11:41pmCalifornia had budgeted hundreds of millions of dollars in tax proceeds from the gains they would harvest from shareholders. The stock is down 47% from the IPO price, and will drop like a rock this week as the lock up period expires for insiders. They will all dump as quickly as they can to salvage what they can. These are tax losses. Not only will CA not get the gains, the losses will be deducted. The “great” state has already lost half a billion. They came out today and said that “somehow” sales taxes came in 10% below projections. Train wreck in Chi-town, NY, and many, many more. Ain’t liberalism fun.
Report Post »watersRpeople
Posted on August 14, 2012 at 11:38pmMaybe it’s more telling that he owns 8 mil shares in a Extreme Networks, and 8 mil in GE.
Report Post »Jayms
Posted on August 14, 2012 at 11:37pmFacebook stock is going to crash hard one day. I don’t know how or why it will crash, but I know the stock was over-valued.
Report Post »marine249
Posted on August 14, 2012 at 11:44pmKIND OF LIKE THE dot com‘s of the 90’s
Report Post »randy
Posted on August 15, 2012 at 2:01amI still have a pet.com finger puppet and my dogs still eats out of his Pet.com dish :)
Report Post »QuincySmith
Posted on August 14, 2012 at 11:34pmI would watch to see if he increases his position. (I didn’t know facebook was an unremarkable social network). I would be concerned that ole spooky dude was watching me – but then I don’t facebook.
Report Post »elderbat
Posted on August 14, 2012 at 11:32pmTried it, didn’t like it, gettin’ ready to delete it…sorry, George…you ain’t my type.
Report Post »Snowleopard {gallery of cat folks}
Posted on August 14, 2012 at 11:31pmWhat is driving Soros for facebook:
Obamas desire to exploit facebook media for political propaganda purposes.
Control over one of the worlds most used contact and information gathering systems.
Control over the propaganda potential inherit within facebook.
A nice writeoff on taxes for the losses incured in the buying of facebook shares.
Remember all too well; with Soros, all that he does is for the gain of his own personal wealth, control and power in HIS plans. IF the Fed’s bailout facebook, as Obama has hinted at before, then Soros wins, and while the site becomes fully federalized then, he gains total control of it via Obama.
Now imagine if something goes down in the world that Soros wants to use to his advantage, such as the pending Euro crisis; he has leverage to control facebook, or start a rumor on it…Soros speaks and people listen…
He declares “The Euro is in danger I would advise everyone to get out now.”
A run starts on the Euro in banks and currency funds/exchanges…he buys them up at low prices, and the Euro goes boom! He makes a profit and destabilizes the world a bit more to push the Fabyian agenda forward.
With Soros always look at it from his perspective of gain, and of his stated goals; where the twain meet, there is the means to stop him.
Report Post »Kathleen
Posted on August 15, 2012 at 4:13amHe’s a bit of an old fart to be making plans for the future.
Report Post »Salamander
Posted on August 15, 2012 at 7:13pmKathleen, I wouldn’t stand behind him and try to light a cigarette!
Report Post »Dave In Arizona
Posted on August 14, 2012 at 11:26pmGood. Then he’s losing his @$$.
Report Post »Anarchy_in_the_USA
Posted on August 14, 2012 at 11:37pmor the 8.7 million in GE or the 1.5 million in Gubment Motors. Funny how all his investments have Govment ties.
Report Post »Seabass82
Posted on August 14, 2012 at 11:14pmDidn’t IBM help Hitler gain control with some system they developed? Thats what fb reminds me of….Facebook is SKETCHY!! Speaking of Soros….does he own the company that will be counting our votes in November? I remember hearing Beck hit on it but then went silent.
Report Post »QuincySmith
Posted on August 14, 2012 at 11:44pmI recall hearing that he had interest in airport x-rated machines, don’t remember about voting machines.
Report Post »SimpleTruths
Posted on August 14, 2012 at 11:52pmAnd the Koch brother’s father made a fortune selling oil refinery equipment to Stalin.
Report Post »JohnLarson
Posted on August 15, 2012 at 12:13amBeck hits on a lot of things that turn out to be made up…
Report Post »QuincySmith
Posted on August 15, 2012 at 1:17amsimplelarson;
It is easy to enter comments here, much harder producing EVIDENCE/PROOF. If you have any please provide it, if not go back to your left-leaning, froward friends.
Report Post »Paul
Posted on August 14, 2012 at 11:09pmI’d prefer he had a stake in his heart if he had one…
Report Post »EqualJustice
Posted on August 14, 2012 at 11:11pmAmen to that.
Report Post »QuincySmith
Posted on August 14, 2012 at 11:33pmThanks, Paul, needed a chuckle tonight.
Report Post »LONGHOTSUMMER
Posted on August 15, 2012 at 2:42amWoof.
Report Post »Salamander
Posted on August 15, 2012 at 7:11pmSomeone, quick, give him a stake! Ohhhhhhh, maybe that’s not the missing part!
Report Post »wisehiney
Posted on August 14, 2012 at 11:07pmThe weasel is trying to prevent this bastion of liberalism from completely collapsing before the election.
Report Post »The lockup date for inside shareholders (liberal contributors) is this week. Millions and millions of shares are gonna be hitting the market. I am betting that he cannot prevent further collapse. HA!
Salamander
Posted on August 15, 2012 at 7:12pmIt’s going to be like somebody tipped over a cart of okra on the exchange floor!
Report Post »JUSTANOTHEROPINION
Posted on August 14, 2012 at 11:03pmTends to explain some move by facebook of late. Spooky dude says, say what I want or get deleted!
Report Post »