Let’s admit it – the last year was one of the most important years for Facebook. Mark Zuckerberg was hammered with accusations of stealing data from the Facebook accounts. All of this brought Facebook under serious investigation and despite the scandal, some of the experts still stay positive about the company.
What Does the Stock Price Say?
Well, Facebook’s stock price is constantly varying. During the past six months, Facebook has seen some massive improvements. During December of 2018, the stock value was around $137 on average and as we speak, the stock value is around $178. Furthermore, experts predict that Facebook will continue to dominate the market in 2019. Looking at the user base, the metrics are fairly healthy and the engagement is only going to increase. According to investors.com; This is mostly due to the fact that Facebook now owns Instagram, which is even more popular platform at the moment.
How Will Facebook Increase Revenue?
Facebook now holds many social media platforms and in 2019, it’s predicted that its revenue will go as high as $14 billion this year. The company can also increase the monetization on apps such as WhatsApp, Messenger, and aforementioned Instagram. On July 25, 2019, Facebook hit a record of $218.62 stock value. Just after 2 weeks, it plunged by a huge 35%, which has to do with the data privacy scandal that happened before.
What Does the Future Say?
Facebook is still under the investigation for its data privacy problems, which can decrease its reputation by a huge margin. On top of that, many internet users report fake news, which further needs to be investigated and discarded, and that takes a lot of time. As it stands, in the final quarter of 2018, user engagement was significantly increased and will continue that way in 2019. Facebook can now rely on Instagram and Messenger, as one of the most popular social media platforms at the moment. Keywords: facebook stock forecast 2020, Facebook stock price target 2019, what will Facebook stock be worth in 10 years