It is Big Tech week on Wall Street, with the industry giants stepping up to the earnings plate. Facebook (FB) will go first and deliver its third-quarter results today after the close. For anyone who has just climbed out from under a rock, the social media behemoth has rarely been out of the headlines recently, with issues ranging from service outages, accusations of ignoring violent rhetoric, a wonky newsfeed algorithm and whistleblower allegations that the company is prioritizing profit over users’ wellbeing. You would think these would cause damage but Credit Suisse’s Stephen Ju believes the “negative data points” are having less impact than you assumed.
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