Wall Street largely gushed over Facebook’s comfortable earnings beat, but analysts are keeping a wary eye on the social network’s costs for security and content.
Shares of Facebook fell 2 percent in early trading Thursday, despite its much better-than-expected results Wednesday. The stock closed at a record Wednesday, up 59 percent for the year.
Analysts fear the controversy over how Russia surreptitiously used Facebook during the 2016 election is not just bad PR but may hit the social media titan’s impeccable bottom line as the company invests further in security to take itself out of the political crosshairs.
