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Facebook is the 'biggest concern' among the FAANG stocks, analyst says

Under CEO James Gorman, Morgan Stanley has emphasized its wealth management division, a far steadier business than its trading operations.

Raymond James upgraded Apple and said its most recent checks show Apple is preparing to bring a 5G iPhone to a wider range of models than previously thought.

Barr and Ross had defied Democrats' subpoenas for information about the Trump administration's efforts to add a citizenship question to the 2020 census.

Iran's state TV says Revolutionary Guard forces have seized a foreign tanker with 12 crew accused of smuggling oil.

The House voted to table a resolution to start impeachment proceedings against President Donald Trump introduced by Rep.

A photo editing app has introduced a few new wrinkles to the faces of celebrities and to the ongoing discussion around personal digital security, NBC reports.

One industry analyst has sounded the alarm on Facebook, calling the company the "biggest concern" among the so-called FAANG stocks.

Wang said many of Facebook's trust woes have been "centralized" around Chief Operating Officer Sheryl Sandberg, who was in the spotlight after a New York Times report in mid-November about the executive and the social media company's internal operations.

In particular, Wang cited the challenges faced by Apple in India, where it "overpriced the product" and "missed the whole market" as a result.

Faced with all those challenges, however, Wang remained positive on the company's prospects beyond the near futures.

Original article
Author: Cnbc

Cnbc has recently written 9 articles on similar topics including :
  1. "Facebook had previously warned that iOS 14 could impact its advertising business, but the company's blog post on Wednesday outlined just how specific that impact could be. The Facebook Audience Network allows mobile software developers to provide in-app advertisements targeted to users based on Facebook's data". (August 26, 2020)
  2. "Major advertisers are continuing to join the "#StopHateForProfit" campaign, promising to stop Facebook ad spend to ramp up pressure on the social media platform against hate speech and misinformation". (June 30, 2020)
  3. "Facebook announced it will now ban content that "denies or distorts the Holocaust," reversing its earlier policy". (October 12, 2020)
  4. "Verizon says it is pulling advertising on Facebook until the company "can create an acceptable solution that makes us comfortable". (June 26, 2020)
  5. "In Palantir's filing to go public on Tuesday, CEO Alex Karp said the "engineering elite" of Silicon Valley do not know "how society should be organized or what justice requires". (August 26, 2020)
  6. "Facebook on Friday took a shot at Apple, saying the company will only be able to pay small businesses a portion of sales from a new paid online events feature as a result of the iOS App Store's policies". (August 15, 2020)
  7. "Google spent more than $1.9 million in lobbying in the third quarter, a 14.2% increase from the prior quarter". (October 21, 2020)
  8. "Apple, Google and Amazon are passing some of the costs of digital taxes to smaller companies". (September 3, 2020)
  9. "Facebook CEO Mark Zuckerberg on Tuesday told employees he was standing firm in the company's decision not to moderate a post in which President Trump said "when the looting starts, the shooting starts". (June 2, 2020)
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