Shares of Facebook Inc rose nearly 5% on Thursday, a day after the social networ...
FILE PHOTO: Stickers bearing the Facebook logo are pictured at Facebook Inc's F8 developers conference in San Jose, California, U.S., April 30, 2019. REUTERS/Stephen Lam
Wall Street analysts gave a more mixed reception to the earnings report, with at least nine analysts raising their price targets on the stock, while at least five trimmed. That did little to shake brokerages’ faith in a business model that has generated stellar gains throughout the past two years, in counterpoint to growing pressure from politicians and regulators about privacy and competition.
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