Heard on the Street: Facebook investors love what they can see but should care about what they can’t
Anyone who thought Facebook just “woke up like this” need only read The Wall Street Journal’sthis week to understand that things aren’t so flattering right now beneath the surface. But even the harsh light of critical media reports hasn’t been enough to scare away investors.
The Journal’s investigation found that the social-media giant knows its platforms—which are now used by nearly half the world’s population—cause users harm, often in ways only the company fully understands.
, according to the Journal’s report. Yet investors seemed to largely gloss over the disturbing revelations: As of Thursday’s market close, Facebook’s stock had lost less than 1.5% of its value this week.
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