Thanks to a blowout quarter, powered by its killer mobile strategy, today’s gains have pushed the social giant right behind Warren Buffett’s Berkshire Hathaway, ahead of AMZN and GE, to become the 6th largest company in the United States, by market cap.
For the quarter, Facebook accounted for 17.4% of global traffic. It is, essentially, a must own stock if you want to profit from the internet. The one thing to look forward to with FB is the fact that they’re blocked in China. With over 350 million internet users, China represents a unique business opportunity for the hoodied masters at Facebook. If, by chance, Zuckerberg can get the ban on Facebook lifted in China, the stock will soar to a gazillion dollars per share.
“You can’t have a mission of connecting the world and leave out the biggest country”, Mark Zuckerberg, Boss Hog, Faced Book.
With AWAY being acquired by Expedia and FB killing it, I think it’s fair to say Social Media stocks are back in play.
Inside Exodus, my social media basket is the best performing mini-index I put together, over the past month, with gains of more than 14%. With recent acquisitions of CTCT, KING and now AWAY, there’s probably more gains to be had (extra steroids).
The biggest winners are
MEET +64%
CTRP +42%
AWAY +41%
ANGI +38%
WB +36%
BABA +33%
LNKD +30%
The circle jerk has reached a fever pitch.
Meanwhile Ackman meltdown VRX and PAH
Is $VRX too risky to buy here on this drop with the government getting involved?
certified pleb here back in TWTR again. Packman should go Chinese on the shorts with a buyout rumor.