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Facebook investors increasingly unfazed by 'content and privacy concerns,' analyst says in upgrade

Stocks could struggle in the week ahead if earnings reports focus on the murky economic outlook and negative impacts from the trade war.

The move ramps up pressure on companies like Juul Labs whose products have come under intense scrutiny for their popularity among teenagers.

Tropical Storm Barry's wind and rain began hitting parts of Louisiana early Friday as New Orleans and coastal communities braced for a drenching.

Trump is most likely to put steep tariffs on French wine in response to France's digital tax that will affect Facebook and Google.

Shawn "Jay-Z" Carter is partnering with a California cannabis company as its chief brand strategist, and the company's CEO is looking to expand to other states.

Guggenheim raised its rating of Facebook's stock to buy from neutral on Thursday, saying shareholders are becoming more accustomed to data leaks and privacy uncertainty.

"Investors will continue to gain comfort with the incremental financial risk created by content and privacy concerns," Guggenheim analyst Michael Morris said in a note.

The analyst sees "potential for commerce and messaging monetization opportunities as attractively priced within shares."

Original article
Author: Cnbc

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