Facebook: Double Whammy [Seeking Alpha]
Meta Platforms, Inc. - Class A (FB)
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm
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US:NASDAQ Investor Relations:
investor.fb.com/home/default.aspx
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Source: Seeking Alpha
Summary The biggest sins of Facebook ( FB ) from the past continue popping up, causing a double whammy for the stock. The repeated ad reporting issue from 2016 is best viewed in the lens of the actual impact on advertisers. Outside an impact to advertisers or users going forward, investors need to focus on the double bottom thesis at $150 of my previous article. Image Source: Facebook newsroom Double Whammy Facebook continues to face negative headlines that in a lot of cases are just a repeat of past issues. The ironic part is that the social stock is getting hit by fake news. The biggest hits from the day is that Facebook charged advertisers with fake video views and that investment funds want to vote founding CEO Mark Zuckerberg out as Chairman. Though both are noteworthy, both news items can be filed under the fake news sector. First, Facebook advertisers may be rightfully outraged that Facebook hid a problem with measuring video ads. All da
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