Why Facebook Stock Bounced Back Today
After suffering a bad case of the Mondays, shares of Facebook (NASDAQ: FB) stock bounced back in Tuesday trading, regaining 2.3% through 12:20 p.m. EDT of the 4.9% that it lost yesterday. You may want to thank Piper Sandler for that.
As you'll recall, Facebook got hit by a double-whammy yesterday. First, it suffered a public relations blow when the whistleblower behind The Wall Street Journal's "The Facebook Files" reporting stepped out of the shadows and revealed herself to be a one-time member of Facebook's own Civic Integrity Team, which was responsible for helping to stop the "spread [of] political falsehoods, [the stoking of] violence and [the abuse of Facebook] by malicious governments."
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Source Fool.com
