Facebook Not Irreparably Damaged by Stock Dive, Says Analyst
Shares of Facebook plunged Thursday after its latest earnings report. But Jefferies analyst Brent Thill tells Cheddar the company won't suffer in the long term, particularly because Europe's new data rules are "great hygiene" to work out the kinks.
For full interview, [click here](https://cheddar.com/videos/facebooks-earnings-nightmare-could-be-short-term-says-jefferies).
Apple posted better-than-expected profit and revenue in the latest quarter but said sales dropped for the fourth straight quarter, including a drop in revenue for iPads and iMacs.
The Federal Trade Commission is accusing Amazon of using an algorithm to raise prices for some of its products, thereby causing other shopping sites to do the same.
