Why Facebook Stock Just Dropped 6.5%
Facebook (NASDAQ: FB) stock took a hit in Friday trading, falling 6.5% through 12:10 p.m. EDT, in the wake of an announcement from Verizon (NYSE: VZ) last night that it is "pausing" purchase of online ads from Facebook and its wholly owned Instagram subsidiary.
On Thursday, the Anti-Defamation League published an open letter criticizing Verizon for the presence of one of its ads found on Facebook "next to a video from the conspiracy group QAnon drawing on hateful and antisemitic rhetoric."
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Source Fool.com
