Will Any of the Regulatory Drama Matter When Facebook Reports Earnings?
Earnings season is kicking into high gear, and Facebook (NASDAQ: FB) is one of the companies set to report the financial results of its third quarter after the market close on Wednesday, Oct. 30. The biggest question on the minds of investors is whether the ongoing regulatory saber-rattling will eventually derail the tech giant's continuing growth.
CEO Mark Zuckerberg was once again called to testify on Capitol Hill this week. At the same time, it was announced that 46 attorneys general have joined an antitrust investigation into the company.
This all comes just months after the Federal Trade Commission (FTC) assessed a record-setting $5 billion fine for Facebook's privacy practices that led to the Cambridge Analytica scandal. Oh, and did I mention the FTC opened another antitrust investigation?
Source Fool.com
