Wall Street analysts remain bullish heading into Facebook's earnings report on Wednesday after the close.
"Heading into earnings, Facebook remains under a significant amount of media and regulatory scrutiny, with regards to both ongoing antitrust concerns from the government and the planned 2020 launch of the Libra crypto currency," J.P Morgan analyst Doug Anmuth said.
The persistent drumbeat of pessimistic headlines aren't driving users or advertisers away either, according to analysts at Oppenheimer. "Agency checks suggest news headlines are having no impact on advertisers client spending, so long as conversion and return on investment remain strong."
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