Here's why Facebook’s stock seems indestructible: by skleb1234
announced an investigation into Facebook for antitrust violations, sending the stock down 4%.
Despite the recent criticism and increased calls for regulation looming on the horizon, Facebook stock’s recent momentum and new record highs may signal that investors areby the regulatory fears. Indeed, Wall Street is predicting a big year ahead for Facebook. Facebook for months faced criticism and backlash over its handling of users’ privacy, as well as its role in the spread of fake news.
The company has in recent quarters continued to grow revenue by adding news users to its core platform as well as to its family of apps, like Instagram, Messenger and WhatsApp. Optimism isover Facebook’s ability to monetize those apps, like they have been with Instagram through video ads and commerce.
The stock’s most recent rally came on the back of stronger-than-expected earnings in the third quarter. Revenue growth actually accelerated in 2019, with the company reporting a year-over-year revenue growth rate of 26% in the first quarter, 28% in the second quarter and 29% in the third quarter.
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