Benzinga: "Large Facebook Option Trader Betting On Earnings Sell-Off"

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Benzinga: "Large Facebook Option Trader Betting On Earnings Sell-Off"

Excerpt from Benzinga quoting DataTrek’s Nick Colas:

…. “Social media usage and engagement has been on the rise in recent months due to social distancing forcing people online. Unfortunately for Facebook investors, DataTrek Research reported on Friday that TikTok has been stealing market share from Facebook and Instagram during the COVID-19 outbreak, especially among younger users”….

Read the full report here on Benzinga!