Facebook Defies Gravity But Can’t Deny Reality
An attendee looks at a mobile phone while walking the demonstration room during the F8 Developers Conference in San Jose, California, U.S. (Photographer: David Paul Morris/Bloomberg)

Facebook Defies Gravity But Can’t Deny Reality

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(Bloomberg Opinion) -- Going in to Facebook Inc.’s earnings on Wednesday, investors were braced for bad news — specifically, that advertising revenue had dried up as the shutdowns caused by the cor...
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