The social media giant Facebook stock closes at an all-time record high of USD 203.23. Despite Cambridge Analytica data scam controversy, Facebook is still fetching a good number of returns.
Investors are loving the social network more than ever that saw its stocks dipping earlier in 2018 after the scam controversy hits.
Facebook revenue projections for 2020 at USD 87.5 billion. The firm currently has Facebook with a buy rating and a price target of $275.
After grabbing attention in 2012, Facebook has seen its stock rise more than 400 percent.
Facebook faces privacy issues like the Cambridge Analytica data scandal involving 87 million users and another bug that changed 14 million users’ privacy setting defaults to public.
This all-time record comes a day after Facebook CEO Mark Zuckerberg was announced as the world’s third-richest person crosses Warren Buffett with a net worth of USD 81.6 billion.