Company Of The Day: Facebook

FB: Facebook logo
FB
Facebook

What?

On Monday, a federal court dismissed the Federal Trade Commission’s antitrust complaint against social media behemoth Facebook (NASDAQ:FB).

Why?

Relevant Articles
  1. Beating S&P500 BY 11% YTD, What To Expect From Travelers Stock?
  2. Up 50% Over The Last 12 Months, Is Hyatt Stock Still Attractive?
  3. Capital One Stock Gained 44% In The Last 6 Months, What’s Next?
  4. Up 8% Year To Date As 5G Gains Traction, What’s Next For Verizon Stock?
  5. Up 32% In The Last 12 Months, Where Is BNY Mellon Stock Headed?
  6. Rallying 30% YTD, What’s Spurring The Rally In Applied Materials’ Stock?

The court ruled that the FTC has not proved that Facebook maintains a monopoly in the social media space.

So What?

The dismissal of the complaint is seen as a significant win for Facebook, as the antitrust charges could have resulted in the company divesting its WhatsApp and Instagram properties. This should prove a catalyst for Facebook stock, which has already outperformed this year, rising by 30% year-to-date.

See Our Complete Analysis For Facebook

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market since 2016

See all Trefis Price Estimates and Download Trefis Data here

What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams