Social media watch amid Zuckerberg testimony
Apr. 10, 2018 5:48 AM ETMeta Platforms, Inc. (META)META, TWTR, GOOG, GOOGL, VZ, MSFT, SNAPBy: Yoel Minkoff, SA News Editor76 Comments
- Facebook (NASDAQ:FB) and other social media stocks are on watch this morning as Mark Zuckerberg gets grilled over the Cambridge Analytica scandal on Capitol Hill.
- Investors will be parsing over questions on privacy, as well as mentions of regulation.
- Several analysts have also seen Facebook's recent decline as a good opportunity to buy the previously high-flying shares, though they cautioned that much will depend on Zuckerberg's testimony.
- Premarket movement: FB +1%; TWTR +2.1%; GOOG, GOOGL +1.7%; VZ +0.4%; MSFT +1.9%; SNAP flat