According to CNBC website Beijing time reported on March 29th, former well-known analyst, Gene Munster who is now turning to venture capitalist (Gene Munster) said on Wednesday that he does not think that Facebook stock price will continue to drop sharply, but it is already in a mire. , it may be difficult to improve in 12 months.
Munster said that for the first time, advertisers must determine whether advertising on Facebook represents a responsibility. 'I don't think there will be a lot of advertisers fleeing Instagram or Facebook. I think these platforms will always exist,' Munster said. In an interview with Squawk Box, 'but these Facebook policy changes will affect their advertising effectiveness.'
'We have seen a small number of small advertisers have left the Facebook platform, but this subtle move has caused investors to focus on Facebook stocks,' he said.
Munster is the founder of venture capital firm Loup Ventures, which specializes in research and early investment. He said that he does not believe that Facebook's stock price will decline sharply, but it may 'be in a mire in the next 6 months to 12 months. ', difficult to pick up.
As of Tuesday's close, Facebook's share price has fallen more than 17% since its close on March 16. On March 17, the New York Times, The Observer and the Guardian reported that the political analysis company Cambridge Analysis (Cambridge) Analytica) collected more than 50 million Facebook user data without user consent. This personal information was used to deliver targeted political advertising.
On Monday, the U.S. Federal Trade Commission (FTC) confirmed that it is investigating Facebook’s data breaches.
Facebook announced on Wednesday that it will adjust its data and privacy tools. Now, Facebook's privacy settings will be displayed on a single page, rather than spread over nearly 20 different pages. In addition, Facebook CEO Mark Zuckerberg (Mark Zuckerberg) Has agreed to go to the U.S. Congress to testify against the data breach.
On Tuesday, Cambridge analyst Christopher Wylie told British lawmakers that Trump’s election prompted him to tell the truth. Cambridge Analysis had cooperated with Trump in the Trump campaign.