There are several reasons why investors simply love Facebook. According to data gathered by Barrons, Kiplinger’s and Business Insider, it is one of the top holdings among many hedge funds. Still, Facebook is one of the most admired companies in the investment community. Why investors still choose Facebook in 2020 Year-to-date, its share price has dropped by more than 16 per cent, which is a worse performance than that of the S&P 500 (US 500) and Nasdaq-100 (US 100), which have dropped by about 14 per cent and 7 per cent respectively. Instead, many businesses are preserving cash to survive the looming uncertainty.Īs a result, FB stock has been punished. The main reason why Facebook’s finances could be hurting is that companies are not spending a lot in advertising as they used to do before the virus outbreak. However, this surging usage has not been replicated in the company’s financials. The company recently reported that messaging across its assets has increased by more than 50 per cent. In recent reports, social media giants such as Facebook (FB), Twitter (TWTR), Snap (SNAP) and TikTok have reported increased engagement.Īs the biggest player in the sector, Facebook has been a beneficiary of this. Social media usage has risen over the past few weeks as more people are forced to stay at home amid the ongoing Covid-19 pandemic. So, what is Facebook stock: buy or sell?.Facebook share price forecast for 2020 and beyond.FB stock outlook: does it stand a chance to rise again after the pandemic?.Facebook stock price analysis: performance throughout the years.Why investors still choose Facebook in 2020.US30 US Wall Street 30 (USA 30, Dow Jones)
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