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Facebook reports its second-quarter earnings on Thursday after the bell and Wall Street analysts are standing by the stock even as the fallout remains uncertain from the effects of the coronavirus pandemic and the advertising boycott announced earlier this month.
The company has especially been under pressure as over 400 companies announced in early July that they would pause ad spending due to hate speech on the social media site. Few companies have gotten through the pandemic completely unscathed despite consumers flocking toward a stay-at-home stock like Facebook.
Despite all that the shares are still up by double digits this year.
But many analysts believe Facebook can weather the storm. Other key metrics to watch includes updates on active users as well as Facebook Services which includes WhatsApp, Messenger, and Watch.
Here's what analysts expect from Facebook earnings: