Much of Wall Street thinks the Facebook data scandal is overblown

Much of Wall Street thinks the Facebook data scandal is overblown

6 years ago
Anonymous $gIi3-PxxKB

https://www.cnbc.com/2018/03/21/much-of-wall-street-thinks-the-facebook-data-scandal-is-overblown.html

Altimeter Capital Management CEO and founder Brad Gerstner is one of many on Wall Street who thinks Facebook's latest scandal is no big deal. He called Facebook CEO Mark Zuckerberg and COO Sheryl Sandberg "one of the best management teams in global technology" and recommends buying the stock.

"I take issue with this idea of some big scandal," he said Wednesday on CNBC's "Halftime Report."