Similar to Twitter (TWTR) and Pinterest (PINS), Facebook (FB) is seeing substantial growth in engagement, but the company is still struggling to meet revenue targets. Business around the globe just isn't open to advertising aggressively when consumers are under shelter-at-home instructions. My investment thesis is back bullish on the stock with the substantial dip to $160.
Image Source: Facebook website
Huge Engagement Boost
Facebook has seen substantial growth in the usage of their apps. Messaging demand is up 50% and video calls on Messenger and WhatApp are up more