Re:Ask HN: Why is Facebook Stock back up again after adverti...
by samizdis on Wednesday July 01, 2020 @05:02PM
(#23706667)
Possibly because the market sees the hit to the share price as overdone.
This from the FT [1]:
> Analysts have been quick to note that the impact of the boycott on Facebook’s annual revenues — which topped $70bn last year — is likely to be negligible, since three-quarters of its advertising earnings come not from the deep-pocketed brands leading the campaign but from small and medium-sized companies.
This from the FT [1]:
> Analysts have been quick to note that the impact of the boycott on Facebook’s annual revenues — which topped $70bn last year — is likely to be negligible, since three-quarters of its advertising earnings come not from the deep-pocketed brands leading the campaign but from small and medium-sized companies.
[1] https://www.ft.com/content/2970cf91-dcf7-4424-bdc9-b6d92ad72...
Syndicated, non-paywall version:
https://www.bizjournals.com/albany/news/2020/07/01/facebook-...