Back to square one? Trump decision still weighs on Facebook
Poll
Several times a week
A few times a year
Rarely/never
Suppose you were Mark Zuckerberg, recently ordered by an advisory board to decide how long former President Donald Trump should stay banned from Facebook. How do you make that decision without alienating key constituencies – advertisers, shareholders, users, lawmakers and others – while staying true to your own sense of what Facebook should be?
It’s a hypothetical exercise, but one that illustrates the high-wire act Facebook’s leadership now has to pull off.
Facebook’s quasi-independent oversight board last week said the company was justified in suspending Trump because of his role in inciting deadly violence at the U.S. Capitol on Jan. 6. But it told Facebook to specify how long the suspension would last, saying that its “indefinite” ban on the former president was unreasonable.
Suppose you were Mark Zuckerberg, recently ordered by an advisory board to decide how long former U.S. President Donald Trump should stay banned from Facebook. How do you make that decision without alienating key constituencies advertisers, shareholders, users, lawmakers and others while staying true to your own sense of what Facebook should be? It s a hypothetical exercise, but one that illustrates the high-wire act Facebook s leadership now has to pull off. Facebook s quasi-independent oversight board last week said the company was justified in suspending Trump because of his role in inciting deadly violence at the U.S. Capitol on Jan. 6. But it told Facebook to specify how long the suspension would last, saying that its indefinite ban on the former president was unreasonable.
Launch of Africa - Middle East mobile app As we start a new year, we are cognizant of the fact that online presence is increasing. Communities throughout the globe have been forced to spend more of their time online as face-to-face contact has been minimized. This has set the perfect environment for Africa Middle East Vegetable Seeds team to take advantage of the digital space, Syngenta Vegetables announces. 67% of the global population uses mobile devices and this will grow by 40% in Africa and 52% in the Middle East according to the World Advertising Research Center. Another report from Counterpoint Research shows that out of the global population of mobile phone users, about 403 million are located in Africa and Middle East countries.
Snapchat (NYSE:SNAP) which was the worst performer of 2020?
If you guessed Facebook, you re right. Pinterest s 250% price rally in 2020 far outpaced Facebook s 31% gain. Facebook s returns also lagged the
Global X Social Media Index ETF (NASDAQ:SOCL), which tracks over 30 companies involved in social media. In 2020, the ETF posted an annualized return of 78.4%.
That said, it s too early to call Facebook an underperformer. This, after all, is a company that s consistently delivered double-digit percentage growth year after year. The big question is: Can this FANG stock get its bite back? I think so, and here are two reasons why.
Image source: Getty Images.
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