The partial recovery in the share price has been smashed by the market downturn after the Fed increased base rates - also indicating 2 more increases in 2019. Tech shares could be under pressure for a while - keep your powder dry there will be bargains to pick up
Looks to me like FB is back in favour although I would prefer to see if this bounce sticks and does not provoke sellers who perhaps missed out when it initially fell out of favour. Interesting that headlines suggest the company offered a cautious outlook even on the back of these "robust" figures. Playing down the future or choppy waters ahead?
Facebook just acquired a London-based startup Chanibase. This is the first their blockchain acquisition, but they already have a team of blockchain specialists. https://twitter.com/hashtag/acquisiton?src=hash Of course, it is not 2017, when it was enough to say "blockchain" to surge to the moon, but it is an important step for the company, anyway.
Is FB in danger of loosing its identity and moving away from social media? Then again I think this has been happening for a few years now with the use of private data. Probably more of a tech company now than social media - or is that a little unfair?
Facebook just cannot shake off the controversy surrounding data harvesting. How can the company win back the trust of investors? At the moment I dont see a way. While I appreciate that money talks, sentiment can also have a major impact.
The company is getting a lot of criticism in the UK from MPs - some suggesting that Mark Zuckerberg is not fit to run the company. Strange as he set it up
I bet the FB management are pleased to be out of the limelight just now - should give them time to restore credibility and refocus analysts on the future, not the past!
A decent rise for FB but at the moment it seems like one down day, one up day and back to where the share price started. Like Apple the shares and investors are looking for direction.
