Bloomberg: Facebook Shares Fall Following First Stock Downgrade Since January

Facebook’s shares fell on Wednesday after the company’s stock received its first downgrade since January, according to a report. “Research firm OTR Global cut its rating to mixed versus positive amid concern that year-over-year growth in advertisement spending moderated in the first quarter of 2018,” reported Bloomberg. “The last downgrade of the stock prior to OTR was made by Stifel Nicolaus & Co’s Scott Devitt in January, before the scandal involving Cambridge Analytica.” -- More...