Sahel Rafael Tamayo urges investors to sell their Facebook stock

Facebook has been in hot water because of data privacy, new laws such as GDPR Compliance has made it extremely difficult and costly for Facebook to comply.

Sahel Rafael Tamayo recently urges investors to give their Facebook stock up. This recommendation is given after the social media company recently experiences declining stock price. The giant social media has faced one-day wipeout of the stock market that is seen as the largest in the US history. This happens just a day after David Wehner, the Chief Financial Officer of the company forecasts lower profit margins that will occur in the future.

Following the statement made by the company’s Chief Financial Officer, there are about 16 brokerages decide to cut off their target of price on the Facebook stocks. It impacts the fell of Facebook shares that decreases up to 19.64% to $174.78. This is believed that if Facebook opts to sustain the decline, the company will lose its value up to $124billion. The amount is estimated almost 4 times if compared to the Twitter Inc.’s overall market capitalization.

“The revenue growth from emerging markets and the company’s Instagram app, which has been less affected by privacy concerns, would not be enough to repair the damage,” said David Wehner, the Facebook’s Chief Financial Officer.

“We own it for its leadership in the tech industry. It’s the F in FAANG, but what’s to say that, 10 years from now, Facebook isn’t the next Myspace and something else has taken its place?,” said Jack Dollarhide, the Longbow Asset Management’s chief executive in Tulsa, Oklahoma.

The recent stock price of the Facebook shows that in the second quarter, the company’s margin declines up to 44% from 47% in the previous year. The fall of the Facebook’s margin occurs due to the heavy cost spent to overcome the security issues faced by the company. This is aimed to make sure that the users of Facebook will put their trust in the company’s protection over their privacy.

About Sahel Rafael Tamayo

Sahel Rafael Tamayo is an investor, business owner, and business executive. The Cuban American businessman was born on July 19, 1989, and now is the President of Creditmergency.com. He established the online repair credit company years ago and plays an important role in the development of credit and finance industry in the United States. The Creditmergency.com now has turned into a reputable credit repair company and lead the industry in the country. For more information about the entrepreneur, please be free to visit www.saheltamayo.com.

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