Don’t Underestimate the Impact of Diem on Facebook Stock
Everybody hates Facebook (NASDAQ:FB). But it has no impact on FB stock in 2020. Source: Ink Drop / Shutterstock.com A group of states led by New York plan to file an antitrust suit as early as next week. As many as four cases may be filed by the end of January. Facebook is accused of abetting war crimes and a black market in antiquities. It’s accused of complicity with authoritarian regimes, censoring content from their opponents.InvestorPlace - Stock Market News, Stock Advice & Trading Tips But so far this year, FB stock is up 40%. The company, founded in 2004, is now worth more than General Electric (NYSE:GE), Exxon Mobil (NYSE:XOM), Intel (NASDAQ:INTC), AT&T (NYSE:T) and International Business Machines (NYSE:IBM) put together. By about $40 billion, which is more than the value of Slack (NASDAQ:WORK). Why? It’s because regulators still have no idea what Facebook is. The World’s Free Phone Company Facebook is a free, global phone company. Facebook gives people in Asia, Africa, Europe and the Americas
4 Dec 2020 ... Everybody hates Facebook (NASDAQ:FB). But it has no impact on FB stock in 2020. Source: Ink Drop / Shutterstock.com A group of states led ...