Facebook Trump decision puts stock in focus

FAN Editor

Facebook shares slipped, reversing earlier gains in the pre-market, after the social media giant’s oversight board upheld its ban on former President Trump’s account. 

So far this year, Facebook shares have gained over 16%. However, the Nasdaq Composite has started to face headwinds as investors rotate out of large-cap tech into more cyclical names. 

FACEBOOK’S OVERSIGHT BOARD ON TRUMP’S FATE

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Facebook will uphold Trump ban, but will reassess the decision over coming months

Former U.S. President Donald Trump speaks at the Conservative Political Action Conference in Orlando, Florida, U.S. February 28, 2021. Joe Skipper | Reuters Facebook’s independent Oversight Board ruled to uphold the company’s January decision to suspend the Facebook and Instagram accounts of former President Donald Trump. But, the board said, […]