Facebook Inc (FB) is no longer among the top 10 places to work, according to Glassdoor. The company is now 23rd on a list of “Best Places to Work” in 2020, after being 7th in the preceding year.
Facebook has faced heightened regulatory scrutiny over how it handles user data, as well as in relation with its plans for a Libra cryptocurrency project and alleged misinformation campaigns on the platform.
Facebook shares closed higher for the fifth time in the past ten trading sessions on NASDAQ on Wednesday. The stock went up 0.69% ($1.39) to $202.26, after touching an intraday high at $202.60, or a price level not seen since December 9th ($203.14).
Shares of Facebook Inc have risen 54.29% so far in 2019 compared with a 25.32% gain for the benchmark index, S&P 500 (SPX).
In 2018, Facebook Inc’s stock went down 25.71%, thus, it underperformed the S&P 500, which registered a 6.24% loss.
The company’s overall rating was 4.4 out of 5 in 2020, after scoring 4.5 in 2019, as some employees expressed dissatisfaction with Facebook’s senior leadership and work-life balance.
“High profile projects can be extremely political and can really be dragged down by too many cooks in the kitchen. In a post-Cambridge Analytica world there are huge slowdowns in releasing new features or products…,” one of the employee reviews on Glassdoor stated.
HubSpot, a fast-growing software company based in Massachusetts, has been named the best place to work in 2020, Glassdoor said.
Analyst stock price forecast and recommendation
According to CNN Money, the 46 analysts, offering 12-month forecasts regarding Facebook Inc’s stock price, have a median target of $240.00, with a high estimate of $342.00 and a low estimate of $120.00. The median estimate represents an 18.66% upside compared to the closing price of $202.26 on December 11th.
The same media also reported that at least 42 out of 51 surveyed investment analysts had rated Facebook Inc’s stock as “Buy”, while 4 – as “Hold”. On the other hand, 2 analysts had recommended selling the stock.
TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover 
