https://wccftech.com/facebook-nasdaq-fb-ad-boycott-may-not-end-anytime-soon-according-to-a-needham-analyst/

Facebook (NASDAQ:FB) is a veritable cash generation machine, raking in billions of dollars of advertising revenue every quarter like clockwork. This rosy scenario, however, now appears to be at risk as a growing list of advertisers are shunning the social media giant due to its content moderation policies. Even though Mark Zuckerberg, the CEO of Facebook, believes that the upheaval is largely transitory in nature, the latest investment note from Needham disputes this assertion.

As per the investment note from Needham analyst, Laura Martin, channel checks suggest that Facebook’s ad boycott may extend all the way through the U.S. presidential elections in November 2020. Consequently, Martin believes that this ongoing ad boycott campaign will inflict a much more sizable punch to Facebook’s top-line metric than the prevailing Wall Street expectations.