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Morgan Stanley will Facebook target price down 13%, worry about scandal advertising revenue

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Morgan Stanley will Facebook target price down 13%, worry about scandal advertising revenue
Tencent technology - According to foreign media reports, Morgan Stanley, an investment bank will Facebook stock price target from $230 to $200, the reason is worried about the recent data leak scandal will affect the social networking giant advertising revenue. "In Facebook data/privacy issues happened recently, and announced that it would end the data with a third party after the agent cooperation, we feel, investors are increasingly worried about the company's advertising revenue, short-term" analyst Brian novak (Brian Nowak) wrote in research report on Wednesday. "Although we believe that Facebook good advertising effect indicates that the user can gain value from these ads, but ordinary users don't like ads, and increasing data review may lead to more users choose not to share data on Facebook," he said. Novak said, as Facebook to data security...
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