The Ratings Game: Mark Zuckerberg should start at the top with Facebook changes, analyst says [MarketWatch]
Meta Platforms, Inc. - Class A (FB)
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Source: MarketWatch
Mark Zuckerberg should start at the top with Facebook changes, analyst says Mark Zuckerberg wrote thousands of words about his solutions to what ails Facebook Inc. this week, but one Wall Street analyst thinks the answer is much simpler. Stifel’s Scott Devitt wrote Friday that a leadership “shake-up” could benefit Facebook FB, -3.00% by turning around falling employee morale, public perception, and a stock price that’s off 22% over the past 12 months. “With Facebook management under more scrutiny than ever, the campaign trail to rebuild credibility will be long and difficult,” he wrote . “In our view, Facebook’s board and management team could accelerate the credibility rebuild by considering making change(s) at the top of the organization.” A management transition could be “a positive catalyst for the stock” that would be viewed favorably by “the vast majority of constituents,” he wrote. Don’t miss: Google parent Alphabet’s stock becomes 2nd FANG to produce ‘death cross’ and Netf
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