Facebook's gloomy ranking hasn't yet knocked its stock price. Shares rocketed to record highs at the end of July after the company
for profits and revenue. The healthy results come despite the coronavirus pandemic slamming advertising revenues. Facebook partly offset the spending slowdown with a 12% year-over-year growth in monthly active users.Morgan Stanley breaks down 4 reasons why the next stock bull market is just getting underway — and lays out the best investing strategy for taking advantage
Analysts also feared a July advertiser boycott would weigh on profits. More than 1,100 companies and organizations pulled spending from the platform last month, pressuring Facebook to better police hate speech and misinformation. The company's stock tumbled in late June as the boycott's following grew, but the losses have since been erased.raised its price target for the shares to $290 from $265 following the report and praised Facebook's sturdy revenue streams.
"While COVID-19 disruptions, content controversy, ad boycotts, and privacy changes make for difficult headlines and [near-term] revenue risk, FB continues to show sustainable growth through uncertain times," analysts led by Justin Post wrote in a note.Billionaire investor Paul Tudor Jones famously earned a 4-year streak of triple-digit returns. Here are the 7 trading rules he lives by after suffering a devastating loss.
Though the boycott didn't keep Facebook from beating estimates, it may have dented the stock's appeal. When asked to rank the FAANG components in order of which they'd like to own the most, more than half of respondents deemed Facebook the tech mega-cap they'd least like to own.Now read more markets coverage from Markets Insider and Business Insider:
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Millenials say that Facebook is for older people. Then they turn around and check their Instagram and Whatsapp accounts.....
LMAO. All they do is pump out profit.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside Equifax's cloud migration and digital transformation strategy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Royal Caribbean stock rises 10% after seeing strong 'pent up demand' for summer 2021 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 🤞🏽🤞🏽🤞🏽🤞🏽 Time to buy bake stocks. May be pent up demand but they’ll burn through it quickly and then I question how many actual new customers they will find. Everyone saw these ships turn into Covid death traps...
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market outlook: Wave of bankruptcies biggest risk, El-Erian says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Trump says he wants to invite Putin to the next G7 meeting - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Trump is infatuated with Putin. Puppet. realDonaldTrump Mike_Pence gop senatemajldr GOPLeader LindseyGrahamSC SenateGOP HouseGOP TrumpIsARussianAsset PutinOwnsTrump PutinsGOP PutinPuppets PutinsBounties MoscowMitch LeningradLindsey GOPCorruptionOverCountry GOPCowards GOPBetrayedAmerica ResignNow GFY
Source: BusinessInsider - 🏆 729. / 51 Read more »
3 ways financial institutions can better support Black-owned businesses - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. KelloggInsight 1 Treat all people the same regardless of color. See, you only needed one way.
Source: BusinessInsider - 🏆 729. / 51 Read more »
How I'm supporting Black- and women-owned businesses during COVID-19 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I’m good with doing business with good companies regardless of the owner’s colour, but i’ve never been really trendy.
Source: BusinessInsider - 🏆 729. / 51 Read more »