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Facebook – Algo Sell

NYS:FB is under Algo Engine sell conditions.

We’re seeing falls in daily usage but global growth in overall user numbers continues to increase.

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The company warned about the impact from Apple’s privacy changes and called the latter a “significant competitor.” Recent trends suggest slower growth in its advertising business and we may see lower revenue numbers in the second half of 2021.

We will be watching Google/Alphabet numbers when they report later this week.

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