Between the four major U.S. social media stocks -- Facebook (NASDAQ: FB) , Twitter (NYSE: TWTR) , Pinterest (NYSE: PINS) , and Snapchat (NYSE: SNAP) -- which was the worst performer of 2020?
If you guessed Facebook, you're right. Pinterest's 250% price rally in 2020 far outpaced Facebook's 31% gain. Facebook's returns also lagged the Global X Social Media Index ETF (NASDAQ: SOCL) , which tracks over 30 companies involved in social media. In 2020, the ETF posted an annualized return of 78.4%.
That said, it's too early to call Facebook an underperformer. This, after all, is a company that's consistently delivered double-digit percentage growth year after year. The big question is: Can this FANG stock get its bite back? I think so, and here are two reasons why.
For further details see:
2 Reasons Facebook Stock Is a Buy