05.03.2020 Facebook Daily Analysis

05.03.2020 Facebook Daily Analysis

  Facebook prices rose to 191.76 dollars in Wednesday's trading session. Facebook's Libra currency's regulatory issues, which seemed to be a major problem turned out to be a 'blessing' as the introduction of new features in the digital wallet due to regulatory concerns built investor's trust in the enhanced project.   The news of Facebook closing down it's Seattle office after one of their contractors tested positive to the coronavirus is likely to have an effect on the prices during the day. However, India has lifted restrictions on their internet access, which has granted millions of people access to social media platforms. This would have a positive impact on Facebook's revenue and help curb the effects of the Seattle office closure.