Facebook (FB) Stock Falls Ahead of Meeting With Conservatives Amid Political Bias Accusations

NEW YORK (TheStreet) -- Facebook (FB)  shares are taking a hit, down 0.92% to $117.58 on Tuesday afternoon ahead of CEO Mark Zuckerberg's meeting with conservatives on Wednesday in an effort to address concerns over claims of anti-conservative bias. 

More than 15 prominent conservatives, including Donald Trump adviser Barry Bennett, American Enterprise Institute President Arthur Brooks, and TV and radio host Glenn Beck, will get together at Facebook's headquarters with Zuckerberg and the company's head of global public policy, Joel Kaplan, the Wall Street Journal said.

This meeting comes after a report last week published by Gizmodo sparked an outcry on social media. In the article, a former Facebook employee claimed popular articles from politically conservative outlets were purposely left off the "trending" news module.

Shortly after the report was released, Zuckerberg said the company would conduct a full investigation.

Wednesday's meeting will address these accusations of political bias and other concerns from conservatives, the Journal noted.

(Facebook is held in Jim Cramer's charitable trust Action Alerts PLUS. See all of his holdings with a free trial.)

Separately, Facebook has a "buy" rating and a letter grade of A- at TheStreet Ratings because of the company's robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.

You can view the full analysis from the report here: FB


More from Markets

Trade War Fear Creeps Back Into Markets on Thursday

Trade War Fear Creeps Back Into Markets on Thursday

Trade Tussle Sinks Stocks, Oil Slides, Micron, Daimler - 5 Things You Must Know

Trade Tussle Sinks Stocks, Oil Slides, Micron, Daimler - 5 Things You Must Know

Daimler Slumps After Profit Warning Cites 'Import Tariffs' in US-China Trade War

Daimler Slumps After Profit Warning Cites 'Import Tariffs' in US-China Trade War

Oil Prices Slide as Saudi Energy Minister Suggests OPEC Output Deal Imminent

Oil Prices Slide as Saudi Energy Minister Suggests OPEC Output Deal Imminent

5 Biggest U.S. Tech Stocks Test $4 Trillion Valuation Amid Bullish Nasdaq Run

5 Biggest U.S. Tech Stocks Test $4 Trillion Valuation Amid Bullish Nasdaq Run