Why Facebook Stock Is Set for Success Heading Into a Downturn [Yahoo! Finance News]
Meta Platforms, Inc. - Class A (FB)
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm
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Source: Yahoo! Finance News
The novel coronavirus has been a roller coaster ride for social media giant Facebook (NASDAQ:FB). FB stock lost 33 percent of its value during the stock market's initial drop. But even after a month-long rally, the firm has lost nearly a fifth of its pre-coronavirus value.Source: Ink Drop / Shutterstock.com Like the rest of U.S. companies, Facebook will feel some pain as coronavirus weighs on the economy. But the social media giant is well-positioned to benefit from an influx of people confined to their homes.So of all the stocks to pick up at a discount right now, Facebook is one of the best choices.InvestorPlace - Stock Market News, Stock Advice & Trading Tips FB Stock Can Weather the StormFacebook was in a rock-solid financial position heading into this storm, so that makes it likely to be a winner once the dust settles. Most importantly, the firm has zero long-term debt. That means the company has more freedom to invest in growth than most of its debt-laden peers. Plus, Facebook i
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