Jefferies' Brent Thill sees Facebook as vital — despite President Donald Trump calling it an 'enemy of the people' on CNBC's 'Squawk Box' on Monday.
One of Wall Street's biggest bulls on Meta Platforms thinks its business could easily grow during a Trump presidency. Jefferies' Brent Thill sees Facebook as vital — despite President Donald Trump calling it an "enemy of the people" on CNBC's "Squawk Box " on Monday. "I don't agree with this view that it's the enemy. The reverse has happened for small businesses," the firm's tech sector lead told CNBC's " Fast Money .
But ultimately, I think, the value created is so great for these small businesses, it's hard to turn down the facts," said Thill. "This isn't fundamental risk." Thill is particularly bullish on Facebook's advertising business. "All of the advertisers we have spoke to in the last six months have seen incremental budgets go from Google to Meta because of the quality of the product and the quality of the targeting and the quality of the return," said Thill.