29.05.2020 Facebook Daily Analysis

29.05.2020 Facebook Daily Analysis

Facebook Inc (FB) 225.46usd, -3.68,-1.61% The Facebook shares lost some of its gains today and the stock is trading at 225.46usd today and it went down with almost 4 percent. The reason for the loss of some gains was caused by Trump's prompt reaction after Twitter tagged all his tweets that were linked to the fraud claims about mail-in voting warning readers to check all the posts. President Donald Trump said he will introduce legislation that may scrap or weaken a law that has protected internet companies, including Twitter and Facebook in an extraordinary attempt to regulate social media platforms where he has been criticized. He wants to make changes on the law known as 230 that protects and defends social media companies from being responsible for the content posted by their users.