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Facebook stock price falls after announcing new political ad ban - Business Insider

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Facebook slumps 6% after saying it will ban new political adds in the week before the presidential election

"We all have a responsibility to protect our democracy. That means helping people register and vote, clearing up confusion about how this election will work, and taking steps to reduce the chances of violence and unrest.

Facebook shares have been one of the large technology companies to benefit amid the coronavirus crisis and recession, as investors see it poised to withstand the economic downturn. On Thursday, other technology giants such as Apple, Amazon, Netflix, and Google parent Alphabet — the so-called FAANG stocks —

 

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Nah, Nasdaq is down, bad day for stonks

Mark Zuck is trying to build back up his image this political time around and leaving no stone unturned so as not to be blamed again. He does not seem to care about the money right now but going for what he thinks is right for the society he is part of.

A good lesson in correlation not equaling causation. Facebook stock is down today as are most large technology companies although Facebook is down a smaller percentage than their peers.

Bank of America raises 2020 S&P 500 forecast, 10-year target of 5,200 $BAC $SPY $ES_F $DJI $DJIA Dow *

DeleteFacebook

I remember when I joined Facebook to connect with my friends and share photos... Those were the days.

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