Facebook has had a rough month: Its outage that took down everything from WhatsApp to Instagram was one for the history books. A whistleblower who turned over documents to the Wall Street Journal for an exposé went on to tell politicians in Washington that the social media company puts “astronomical profits” before people. While the bombshell from Frances Haugen, a former product manager at Facebook, definitely had a short-term effect on the stock price, changes in Apple’s operating system and the risk of a weak Christmas are probably a bigger worry for CEO Mark Zuckerberg, said Inge Heydorn, a partner at GP Bullhound, an advisory and investment firm that owns Facebook shares. Read More...
Facebook has had a rough month: Its outage that took down everything from WhatsApp to Instagram was one for the history books. A whistleblower who turned over documents to the Wall Street Journal for an exposé went on to tell politicians in Washington that the social media company puts “astronomical profits” before people. While the bombshell from Frances Haugen, a former product manager at Facebook, definitely had a short-term effect on the stock price, changes in Apple’s operating system and the risk of a weak Christmas are probably a bigger worry for CEO Mark Zuckerberg, said Inge Heydorn, a partner at GP Bullhound, an advisory and investment firm that owns Facebook shares.
