![]() Determining whether or not Facebook - or any stock, for that matter - is a good buy depends on a number of factors. No investor can predict the future, and historical data only says so much. It also noted that unfavorable media coverage could affect its ability to maintain and enhance its brand. In its 2021 annual report, Facebook reiterated risks it faces related to government regulation and enforcement as well as other litigation, including class action suits. A federal judge greenlighted the suit on Jan. The Federal Trade Commission has filed a lawsuit against Facebook alleging the platform has a monopoly in social media and has abused its power by engaging in a “buy-or-bury” strategy that harmed its competition, The New York Times reported. Facebook noted during the Q3 earnings call that it was under investigation by the government.įacebook faces new legal troubles heading into 2022 that began just weeks into the first quarter of its 2022 fiscal year. Included in the documents were research reports and employee discussions suggesting the company knew it was promoting harmful content on its social media platforms, including Facebook and Instagram, the Journal reported, but ignored the danger to protect profits - an allegation Zuckerberg denies. And in October 2021, Congress heard testimony from a whistleblower who leaked a trove of company documents to The Wall Street Journal. In March, Mark Zuckerberg was called to testify before Congress, along with some of his fellow tech CEOs, about what the platform is doing to ensure that erroneous information about COVID-19 and other topics isn’t shared as though it were fact. There’s also the uncertainty of Washington’s concern over the misinformation that spreads unchecked on Facebook and other social media platforms. ![]()
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