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Executive Face-Offs Won’t Derail Facebook Stock

InvestorPlaceMarch 15, 2019, 2:51 PM GMT. Although Facebook (NASDAQ:FB) is one of the top performers for this year — shares are up nearly 32% since January’s opener — it frustratingly can’t escape unfavorable PR. Following the announcement of a high-profile executive departure, Facebook stock took a hit in both the regular and extended sessions. In a memo to employees that was also shared publicly, CEO Mark Zuckerberg disclosed that Chris Cox, the company’s chief product officer, was parting ways with the social-media firm. To say that he represented the backbone of FB stock is an understatement. But if that wasn’t enough, another executive, Chris Daniels, is also jumping ship.

First found on: finance.yahoo.com And then on: 1 other references

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