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Published 6 years ago by geoleo with 1 Comments
by geoleo
6 years ago 1

Bank of America cuts Facebook stock forecast for second time in 5 days, this time for FTC data probe

For the second time in five days, Bank of America Merrill Lynch reduced its price forecast on Facebook shares as the fallout from the data scandal worsens. The bank slashed its original forecast on Thursday. On Monday, the Federal Trade Commission confirmed it has an open nonpublic investigation into Facebook's data privacy practices, a development analyst Justin Post called "significant."

Continue Reading https://www.cnbc.com

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