Facebook Stream of Terrorist Attack Rattles Investors, Lynx Says
- Lynx Equity cites hedge-fund concerns over negative headlines
- Traders are also alarmed by the recent executive departures
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A live stream of a terrorist attack is adding to investor concerns as more bad news surrounds Facebook Inc.
"Hedge funds who were previously complacent about the recent negative headlines are raising eyebrows on the news overnight," Lynx Equity Strategies analyst, Jahanara Nissar, wrote in a note. Facebook fell as much as 4.5 percent for its biggest decline since December.