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.
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.
