Facebook (FB) Stock Review 2020
What is Facebook?Facebook, Inc. is an American social media and technology company based in Menlo Park, California. It was founded by Mark Zuckerberg, along with fellow Harvard College students and roommates Eduardo.
Facebook cash on hand for the quarter ending March 31, 2020 was $60.289B, a 33.26% increase year-over-year.
Facebook revenue for the quarter ending March 31, 2020 was $17.737B, a 17.64% increase year-over-year.
Facebook Future?With more users and usage time than any other social network, Facebook provides the largest audience and the most valuable data for social network online advertising.
Facebook’s ad revenue per user is growing, demonstrating the value that advertisers see in working with the firm.
The application of AI technology to Facebook’s various offerings, along with the launch of VR products, will increase user engagement, driving further growth in advertising revenue.
Fair Buy: Under $215
I am a huge fan of Facebook stock and I think there is a lot of money to be made.