Wall Street sours on Facebook: ‘I’m not sure there’s a core business that works anymore’

Wall Street analysts are bearish on Facebook’s parent company Meta as the social network continues to hemorrhage users migrating to upstart rival TikTok. “I’m not sure there’s a core business that works anymore at Facebook,” Needham analyst Laura Martin told CNBC on Friday. While Facebook maintains a dominant position in the mobile advertising market, serious…
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