FB - 3 Reasons I Finally Sold My Facebook Stock
I once considered Facebook (NASDAQ: FB) a solid long-term investment. More than 3.2 billion people use its family of apps -- including its core platform, Messenger, Instagram, and WhatsApp -- every month. It's a dominant digital advertising platform, and it's still generating double-digit revenue and earnings growth nearly 17 years after it was founded. Facebook's stock also still looks reasonably valued at 25 times forward earnings, especially in a market filled with frothy tech stocks .
But despite all those strengths, I recently sold my stake in Facebook. I did so for three reasons.
Facebook generates nearly all its revenue from targeted ads. Through Facebook's platform, advertisers can target specific users based on their social media profiles, social interactions, and activities on third-party apps and websites.
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3 Reasons I Finally Sold My Facebook Stock