5 years ago
Facebook execs are fleeing, and an analyst warns the exodus could be contagious
Facebook dropped Monday after a Wall Street brokerage downgraded the stock to a hold rating and warned clients that the recent departure of 11 senior managers could spark further flights from the social media giant. Needham analyst Laura Martin wrote that Facebook’s pivot toward privacy and encrypted messaging, rising regulatory risk and the upload of disturbing content will accelerate the management exodus in what she called a “Negative Network Effect.”
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