Slump in Facebook’s share price is justified by uncertain outlook | Nils Pratley
Slowing user growth and inexperience in dealing with difficult issues make large drop in market cap seem fair enough
Facebook is growing more slowly than expected and the list of explanations is long. Was it purely the impact of the Cambridge Analytica scandal? How much did the EU’s well-timed data privacy regulations contribute? What about Facebook’s slow progress in selling adverts against the new photo-sharing Stories product?
Even the company’s management was unable or unwilling to untangle the various factors. In the absence of clarity, investors have to rely on the hard numbers – or, rather, projections of the numbers. On that score, the outlook for Facebook is radically different from the cloudless horizon previously assumed.
Source: Guardian Transport
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