Facebook spent Wednesday getting hammered by congress, and Thursday blowing its financial earnings out of the water.https://www.nytimes.com/live/2020/07/30/business/stock-market-today-coronavirus/facebook-nearly-doubles-its-profit-but-warns-of-fallout-from-ad-boycotts …
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though to your point their financial guidance says they expect earns next quarter to be flat-ish rather than going down. so theyll still make the 18b analysts expect MZ was right, they all tend to return.
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Yeah, where else are they going to go? Also Facebook is making money by the metric shitload from political ads already and that will only intensify over the summer. Including from every politician who pledges not to take their money (but will pay them instead)
End of conversation
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