Citi downgrades Facebook and Google, says ad market expectations are too bullish

📆 5/10/2021 6:37 AM
📰 CNBC

⏱ Reading Time:
1 sec. here
2 min. at publisher
📊 Quality Score:
News: 4%
Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

New for subscribers: Citi downgrades Facebook and Google, says ad market expectations are too bullish. Check out CNBCPro today.

The logo of Alphabet Inc's Google outside the company's office in Beijing, China, August 8, 2018.The growth trajectory for the online advertising market doesn't appear to be strong enough to drive more gains for two Big Tech stocks that rely heavily on that business, according to Citi.

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:

Write Comment

Pro Hedge Funds are selling in preparation to StockMarket crash!

Pro Top 5 richest person in the world

Pro This downgrade doesn’t make any sense , if the economy will get strong after the lockdown , stimulus package and infrastructure package should all help the online advertising .all this upgrade and downgrade from investment bank just for benefit when they write the options .

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.

This Chinese Battery Company Has Produced More Billionaires Than Google Or FacebookShares of a publicly traded lithium-ion battery company based in China more than doubled in the past year. Its CEO and founder is now one of the 50 richest people in the world. APPLE✨️ Dicksuckingfactory llc 1/8 Solar & Wind are 0 emissions? Each 1 MW of solar farm power requires between 35 to 45 tons of steel, + you need to dig for cadmium, gallium, germanium, etc Make silicon Silicon metal is made from the reaction of silica (SiO2) -
Source: Forbes - 🏆 394. / 53 Read more »