Facebook is the worst of the Big Tech stocks

Can Mark Zuckerberg assure investors -- and Congress -- that Facebook is going to make some big changes?Wall S...

Posted: Apr 9, 2018 7:39 PM
Updated: Apr 9, 2018 7:39 PM

Can Mark Zuckerberg assure investors -- and Congress -- that Facebook is going to make some big changes?

Wall Street has punished Facebook's stock since the Cambridge Analytica data scandal. Facebook is down nearly 10% this year.

Meanwhile. Amazon is up more than 20% in 2018. Apple is up 2%. Netflix has soared 50% and Google owner Alphabet is down just 1%.

Facebook's lackluster stock performance is one reason why it will be crucial for Zuckerberg to put on a charm offensive in Washington. Zuckerberg will testify in front of the Senate Judiciary and Commerce committees Tuesday about how data company Cambridge Analytica was able to access personal information belonging to about 87 million Facebook users. He will appear again before the House Energy and Commerce Committee on Wednesday.

Related: Zuckerberg meeting with lawmakers ahead of his testimony

Zuckerberg isn't known as a gifted public speaker. If Zuckerberg bombs on Capitol Hill, investors will worry that Congress could impose regulations on Facebook. Wall Street may even question whether Zuckerberg is the right person to run the company during these tumultuous times.

In the meantime, Zuckerberg is trying to soothe investors' fears. He told reporters in a conference call last week that the #DeleteFacebook movement didn't catch on: Few customers and advertisers left Facebook since the Cambridge problems came to light.

Related: Here's what Zuckerberg plans to tell Congress...

Analysts back those claims up. Brent Thill of Jefferies wrote in a report Sunday that Facebook users appear to be just as engaged on the site in the past few weeks as they were before all the negative headlines. Thill said in his report that his team surveyed 750 Facebook users and found that more than 60% said they were using Facebook just as often or even more than they were a year ago.

Thill also highlighted data from web traffic analytics firm SimilarWeb, which showed that Android users of Facebook actually spent more time on Facebook this past March than they did in March 2017.

"Recent headlines around FB's data policies have not meaningfully impacted engagement on the platform," Thill wrote.

Related: ...and here's what Zuckerberg has to fear when he testifies on Capitol Hill

And Mizuho analyst James Lee said in a report Friday that Facebook's recent decision to wind down the Partner Categories tool, which allowed advertisers to target users based on information harvested by third-party data brokers, will be a plus.

"FB is trying to improve data privacy/transparency," Lee wrote, adding that the new policy should not lead to any significant changes in how much advertisers spend on Facebook in the long haul.

Related: Facebook starting to alert the 87 million users whose data was shared

The rest of Wall Street doesn't seem too nervous either. Analysts have boosted their first quarter earnings estimates for Facebook by more than 10% on average in the past three months. They've raised their forecasts for the full year by nearly 10% as well.

Wall Street won't have to wait much longer to find out if this bullishness was justified. After Zuckerberg's testimony in DC this week, the next can't-miss event for Facebook investors is April 25 after the market closes.

That's when Facebook will report its first quarter results and Zuckerberg and Facebook chief operating officer Sheryl Sandberg will face questions from analysts about the real impact Cambridge Analytica is having on user growth and ad sales.

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 307519

Reported Deaths: 7096
CountyCasesDeaths
DeSoto20772248
Hinds19888408
Harrison17489302
Rankin13311275
Jackson13097243
Madison9895210
Lee9856169
Jones8290160
Forrest7523146
Lauderdale7187237
Lowndes6262144
Lamar610584
Lafayette6027117
Washington5280132
Bolivar4769129
Oktibbeha455297
Panola4442103
Pearl River4419139
Warren4280118
Marshall4273100
Pontotoc416472
Monroe4057132
Union403675
Neshoba3987176
Lincoln3869108
Hancock372085
Leflore3468124
Sunflower329389
Tate322681
Pike3180104
Scott310572
Yazoo304368
Alcorn297764
Itawamba296776
Copiah292965
Coahoma289677
Simpson287484
Tippah284668
Prentiss275659
Marion265779
Wayne261341
Leake261073
Grenada254982
Covington254580
Adams245882
Newton244859
George237847
Winston225981
Tishomingo222067
Jasper219748
Attala213273
Chickasaw204857
Holmes186471
Clay182454
Stone179131
Clarke176876
Tallahatchie175240
Calhoun163230
Yalobusha158836
Smith158534
Walthall130543
Greene129433
Lawrence126223
Noxubee125933
Montgomery125542
Perry125138
Carroll120826
Amite120041
Webster113432
Jefferson Davis105432
Tunica102525
Claiborne101330
Benton97225
Kemper95226
Humphreys94332
Franklin81823
Quitman78916
Choctaw72817
Jefferson64828
Wilkinson64727
Sharkey49617
Issaquena1686
Unassigned00

Alabama Coronavirus Cases

Cases: 518899

Reported Deaths: 10712
CountyCasesDeaths
Jefferson753641487
Mobile37763798
Madison33859494
Tuscaloosa25266443
Montgomery23962565
Shelby23106238
Baldwin20631300
Lee15524165
Calhoun14284311
Morgan14139268
Etowah13662345
Marshall11957219
Houston10380278
Elmore9993200
Limestone9811147
Cullman9470188
St. Clair9426234
Lauderdale9215227
DeKalb8746181
Talladega8058171
Walker7087275
Jackson6754110
Autauga6723103
Blount6483135
Colbert6203130
Coffee5399112
Dale4767110
Russell428838
Franklin419982
Chilton4083109
Covington4053114
Tallapoosa3893146
Escambia387674
Dallas3527149
Chambers3499122
Clarke346360
Marion3065100
Pike305875
Lawrence295395
Winston272372
Bibb256258
Marengo248661
Geneva245875
Pickens232959
Barbour224755
Hale218775
Butler212266
Fayette208960
Henry187844
Cherokee182044
Randolph176941
Monroe171440
Washington164038
Macon154548
Clay149354
Crenshaw149257
Cleburne146041
Lamar139234
Lowndes136453
Wilcox124327
Bullock121340
Conecuh109028
Perry107926
Sumter102932
Coosa99228
Greene90734
Choctaw58724
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