The market’s had a hard time deciding what to make of all the “scandals” but the past few headlines have had less and less of an effect on the stock. The TC article that came out yesterday had absolutely zero effect which surprised me a little and the news that they might receive a record fine a week or two ago knocked the stock down for literally twelve minutes before it sprang back up (I was following it that day). I think the market is finally ready to move past all of this and focus on what moves Facebook is going to make going forward because it’s quite obvious users and advertisers don’t care about any of this.
I think there are two camps out to get Facebook for reasons that go beyond privacy- media outlets threatened by its existence and Twitter users who have amassed a large following and view it as an “us versus them” dynamic because they’ve come to rely on Twitter as a communication mechanism. To view Twitter as any better is completely illogical but media outlets are happy to choose favorites if it suits them.