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Facebook Gets Rare Downgrade Over Advertising Spending Growth

April 19, 2018
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Facebook Gets Rare Downgrade Over Advertising Spending Growth

April 19, 2018
Facebook’s stock took a hit on Wednesday (April 18) after research firm OTR Global downgraded the stock, the first time an investment firm has done so since January. Bloomberg reported that OTR Global reduced its rating to mixed versus positive, citing concerns that advertising spending growth moderated in the first quarter. The only other downgrade […]