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OTR Global reverts to positive on Facebook
Jun. 5, 2018 1:39 PM ET|About: Facebook (FB)|By: Jason Aycock, SA News Editor
Facebook (NASDAQ:FB) is still seeing strong ad performance, OTR Global says in upgrading to a positive view and reversing its quick post-privacy-scandal concerns.

Display ad spending growth is on the rise, and worries about the phase-out of third-party data providers have become mostly a non-issue, analyst Claudia Geller says. (h/t Bloomberg)

Shares are flat today after retesting their all-time high this morning ($195.32, hit on Feb. 1).

Overseas, the EU's top court has ruled that while Facebook's European headquarters are in Ireland, its privacy issues can be regulated in Germany. A case brought before the new GDPR privacy-protection rules came into effect has concluded with German oversight over "fan pages" operated by Facebook users.

The new GDPR provides that the lead privacy authority is where a company has its headquarters.