Michael Wursthorn

speaker

1,567 appearances 29 recordings 1 series first heard Jul 2017 last heard Nov 2021

Michael Wursthorn’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Are Stock Pickers Sour on Facebook? · 17 Apr 2018 podcast

So there's some that are just stuck in a really tough place as to where does this company go from here after these revelations. voice-verified

No, yeah. voice-verified

And a lot of that's because of just if you look at last year, for example. voice-verified

All four of those stocks had grown at least 30% or more over the year. voice-verified

So these were big, big growth stocks. voice-verified

And that FANG index really tries to capture that for investors because it's those FANG stocks and then you have a few others like Tencent, Alibaba. voice-verified

But these new crop of high-flying, really big growth tech stocks. voice-verified

And for the most part, even after Facebook's issues, they're still – voice-verified

There's probably going to be a lot of growth that comes out of this company. voice-verified

I think what investors are grappling with here is the level of uncertainty is at its greatest level for Facebook than it has been in quite some time. voice-verified

So the potential for government regulations. voice-verified

is certainly going to be an issue for Facebook. voice-verified

Whether or not that trickles down to less user growth, less revenue, those are the hard questions that I think investors are really trying to understand right now. voice-verified

And we'll get a glimpse of that with earnings results that do come out of Facebook eventually and see just how bad users were fleeing, may have been fleeing from Facebook because of those data issues. voice-verified

And if you do see that, then investors are going to become more and more bearish on just the prospects of that stock overall. voice-verified

But still, that said, voice-verified

This is a stock that has really played well along with the other FANG stocks and investors' portfolios, so it's not an easy choice. voice-verified

Yeah, and for a lot of the ways, I mean, you could argue, some investors could have certainly argued right after the Facebook news had come out that there was a knee-jerk reaction. voice-verified

I mean, some of the declines were some of the biggest in Facebook's history of being a publicly traded company since 2012. voice-verified

So, there was certainly, to some extent, maybe some investors can argue an overreaction, but I think as this has played out with Facebook upping the number of users who had data that was compromised, Facebook still, investors still trying to, as well as lawmakers, trying to get answers as to just how big of a situation this could be and does this mean we have to worry about companies like Google and the data that they collect, companies like Netflix. voice-verified

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