The Facebook analyst who downgraded the stock Tuesday told CNBC he is concerned about the continued growth of the social media giant’s advertising business.
“We’re just looking at the sign posts that have been popping up over the last few months, and it just feels very unsustainable,” Pivotal Research Group analyst Michael Levine said.
Shares of Facebook slid 2.76% on Tuesday after Pivotal’s downgrade to sell from hold.
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