Facebook shares dropped over 50%! The biggest drop came at the beginning of this year, after the company's poor reporting and the outbreak of hostilities between Russia and Ukraine. Because the court of the Russian Federation banned the use of Facebook on the territory of the country. A number of VPN systems were also blocked that citizens could use to enter social networks! Such a measure of restrictions was chosen by the government so that the population of the Russian Federation does not have alternative sources of information other than Russian ones. But not everything is so bad for Facebook, which has already filed a lawsuit about the illegal actions of Russian courts against the company. Because there are no legal representations of the company on the territory of the Russian Federation. You also need to understand that now the whole world is watching the situation in Ukraine. And he also uses Facebook as a source of information! Moreover, in social networks you can receive information from the first person. The situation that has now developed around the company is reminiscent of the one that was at the beginning of the pandemic. When the shares initially collapsed, and then over the course of six months they made an increase of over 120%! I think that this year they will reach their historical maximum!!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.