Facebook Gains Ahead of Results, Analysts See Stories Growth
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Facebook Inc. reports fourth-quarter results after the market closes Wednesday, and analysts are optimistic that user growth, reinforced by double-digit revenue gains, can help the stock move past the controversies that have weighed on shares for the past six months.
The social-media company has been grappling with a number of headwinds, including a data breach and privacy concerns. Such scandals spurred a user revolt, although it continues to count billions of monthly active users across its platforms.