Rodexo
Technology

Facebook ‘has created too many adversaries’: Stifel lowers to ‘hold’



Marlene Awaad | Bloomberg | Getty Images

Mark Zuckerberg, chief executive officer and founder of Facebook Inc., listens during the Viva Technology conference in Paris, France, on Thursday, May 24, 2018. 

Stifel on Wednesday published a note saying it has lowered its rating for Facebook shares from “Buy” to “Hold,” saying political and regulatory blowback could restrict how the company operates in the long term.

“Facebook’s management team has created too many adversaries — politicians/ regulators, tech leaders, consumers, and employees — to not experience long-term negative ramifications on its business,” the firm said in a note.

The lower rating comes after a rough year in which Facebook has experienced numerous scandals, a 30-million user data breach, declining and stalling growth in key markets, an executive exodus and its worst stock performance since going public in 2012.

Stifel also published the latest results from an on-going survey of Facebook users.



Source : CNBC

Related posts

Fury Wilder free live stream WARNING: Boxing fans put on alert about illegal streams

Rodexo

Amazon’s Latest Ambition: To Be a Major Hospital Supplier

Rodexo

Babbling with your baby just got scientific – Technology & Science

Rodexo

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.