Hedge Fund Favorite Facebook Faces Crucial Test

The social media pioneer is the most popular stock among hedge funds. After Thursday's huge selloff, will it remain so?

Stephen Taub July 26, 2018

Illustration by II

Facebook’s sharp 19 percent selloff on Thursday following disappointing second-quarter results did not just shave huge gains from investor portfolios.It has once again raised the question of whether this is one of those seminal moments when a stock’s stature and allure has suddenly changed. Is

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