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Fly News Breaks for September 23, 2016
FB
Sep 23, 2016 | 13:56 EDT
Last night, the WSJ reported that Facebook likely inflated video viewership 60%-80% for two years. Cowen analyst John Blackledge said Facebook has since responded by saying it has updated the definitions, corrected data and have made it available since August 25. He view this controversy as a non-issue and expect it to have no residual impact beyond today's news cycle and headline risk. Blackledge reiterated his Outperform rating, $150 target price.
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