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Thursday, April 18, 2024

Comment by phil

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  1. phil

    Good morning!  

    This girl has only been alive for 30,000 hours – what's your excuse?  

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    Yep, they are just like you and me…

    FB caused a pullback but we'll see how things go.

    • Facebook (NASDAQ:FB) is down a hefty 5.6% premarket with JPMorgan taking a dimmer view of what may be a sweeping set of changes to the social network's news feed.
    • That could mean well over $20B off the company's market cap today.
    • Emphasizing the personal over posts from businesses could easily mean fewer ads in the feeds, though CEO Mark Zuckerberg deliberately didn't mention ads in explaining changes, analyst Doug Anmuth says.
    • He has an Overweight rating and $230 price target (still 22.5% upside implied).
    • Meanwhile, Pivotal's Brian Wieser speculates that what it saw as a burgeoning decline in Nielsen's digital consumption rates could have come from the concerns reflected by Zuckerberg's post.
    • Zuckerberg admitted that the changes might mean some engagement measures (including time on Facebook) could go down in the short term.
    • And Stifel has downgraded shares to Hold, departing from a few dozen analysts who have the shares at Buy.

    London/Malsg – Yeah, he chickened out.  



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