Facebook shares drop after Instagram co-founders resign; JP Morgan sees 'meaningful' pullback

Facebook shares are likely to fall significantly in the short term due to the departure of two key executives, Instagram co-founders Kevin Systrom and Mike Krieger, according to J.P. Morgan. “We look for additional color in coming days and weeks, but in the near-term, we expect FB shares to come under meaningful pressure from the departures,” J.P. Morgan analyst Doug Anmuth says. Facebook FB shares are likely to fall significantly in the short term due to the departure of two key executives, according to J.P. Morgan.