Saying ‘Sorry’ Isn’t Enough for Social-Media Stocks

Facebook (ticker: FB) and Twitter (TWTR) executives struck a contrite tone before the Senate Intelligence Committee on Wednesday, which should serve them well in the long run, a Wall Street firm said in a note Thursday.

But the short-term pain continues for both stocks, even after Facebook Chief Operating Officer Sheryl Sandberg and Twitter Chief Executive Jack Dorsey explained what their companies are doing to prevent foreign meddling in elections.

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