Wall Street analysts remain bullish heading into Facebook's earnings report on Wednesday after the close.
"Heading into earnings, Facebook remains under a significant amount of media and regulatory scrutiny, with regards to both ongoing antitrust concerns from the government and the planned 2020 launch of the Libra crypto currency," J.P Morgan analyst Doug Anmuth said.
The persistent drumbeat of pessimistic headlines aren't driving users or advertisers away either, according to analysts at Oppenheimer. "Agency checks suggest news headlines are having no impact on advertisers client spending, so long as conversion and return on investment remain strong."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lauren Goodger drops major hint she's secretly dating Love Island hunkAfter signing up to Celebs Go Dating, Lauren has revealed she's found romance with one of her co-stars
Read more »
Michael Palin cancels book tour to have major heart surgeryEXCLUSIVE: Monty Python star Michael Palin must undergo an operation to fix a leaky heart valve later this year
Read more »
The Nordstrom Anniversary Sale Is Here, and These 133 Major Deals Are Worth ShoppingThere's always time to shop the sale.
Read more »
Nordstrom’s Anniversary Home Sale Has Major Discounts on Diptyque Candles & Missoni TowelsYet another wallet-friendly excuse to redecorate for fall.
Read more »
Emmys: Breaking Down Odds to Win in Major Races on the 2019 BallotA slew of newcomers prove stiff competition in major categories, but recognizable names will likely still prevail at the 71st Annual Primetime Emmy Awards. Here, Variety analyzes the nominees in 14…
Read more »