Comments

8/11/2017

As Snapchat's struggles continue, it is clear there is only one current winner in social media. Facebook has the largest customer base, highest customer engagement, and is growing through its WhatsApp, and Instagram platforms. They also just released a video app to try and rival YouTube. Facebook had a slight price pull back last week and now is a good time to take a position. Furthermore, the FANG stocks were beat down in general in past 2 weeks, setting up a nice rebound play. As macroeconomic fears over North Korea dissipate, this stock is sure to bounce higher. Furthermore, legendary investor Daniel Loeb recently took a huge position in Facebook after dumping his Snapchat stake.

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