TSX:BBTV.DB - Post by User
Post by
indoubtgetouton Jul 16, 2021 11:21am
116 Views
Post# 33559502
Facebook concerns?
Facebook concerns?FB announces $1 billion push to attract influencers. This is likely the reason for the BBTV sell off as investors are concerned about perceived FB competition and even cannibalization of its clients by FB. The market opportunity is very large so unlikely to affect BBTV but FB is now a giant in the space. BBTV is tied to GOOG's platform so FB will not be competing on there. In all, BBTV needs to attract a large partner like GOOG and such a partnership would definitely lite a fire under BBTV stock price.