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Top Facebook Executive Departures Could Be Contagious, Warns Analyst [Fortune]
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Top Facebook Executive Departures Could Be Contagious, Warns Analyst By Natasha Bach 12:27 PM EDT rough road ahead. Wall Street brokerage firm Needham & Company downgraded the social media giant to a hold rating on Monday, amid worries of a continued management exodus, Laura Martin, a Needham analyst, told CNBC. “We are concerned that regulatory, headline, and strategic pivot risks will negatively impact ’s valuation more than investors currently believe due to the negative flywheel created by Networks Effects,” she said. “A Negative Network Effect suggests that departures will continue, and since we believe that people are a key competitive advantage of FAANG [, Amazon Apple Netflix Bank of America Merrill Lynch analyst Justin Post shared Martin’s concerns, according to CNBC. “While we think A number of top managers have left chief product officer Chris Cox a nearly 24-hour outage livestream of the New Zealand terrorist attack SPONSORED FINANCIAL CONTENT You May Like
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