Top Facebook Executive Departures Could Be Contagious, Warns Analyst
Facebook could have a rough road ahead.
Wall Street brokerage firm Needham & Company downgraded the social media giant to a hold rating on Monday, amid worries of a continued management exodus, Laura Martin, a Needham analyst, told CNBC.
"We are concerned that regulatory, headline, and strategic pivot risks will negatively impact Facebook's valuation more than investors currently believe due to the negative flywheel created by Networks Effects," she said. "A Negative Network Effect...