GOOGL - Despite the headline heat social media companies still getting analyst love

With just days left in the Trump presidency, the top social media companies have taken definitive action against the president's postings on their platforms, citing President Trump's role in encouraging or inciting the violence that took place in an assault on the U.S. Capitol this week. Facebook (FB) has suspended Trump's activity on their platform at least until after the Jan. 20 inauguration of Joe Biden as president. And Twitter took the unprecedented step of a permanent ban on Trump's account there, where he had 88.7M followers. Before those moves, though, lawmakers were already applying heat due to the networks' role in offering tools to radicalize protesters and organize the protests. And that's adding not only regulatory pressure, but also some price-performance pressure to the names. Luckily, the Street still loves them, Barron's notes. MKM's Rohit Kulkarni yesterday named his top three Internet stock picks: Facebook (FB), Alphabet ([[GOOG]], [[GOOGL]])

For further details see:

Despite the headline heat, social media companies still getting analyst love