Despite of Data Controversy, Facebook Stock Closes All Time High
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.
"Messenger has been deploying more ads in recent weeks and should be “highly material” to profits. And Instagram has reached 1 billion monthly active users," the company said today.
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After grabbing attention in 2012, Facebook has seen its stock rise...