Facebook Inc (NASDAQ:FB) stock remains a Wall Street favorite despite the company’s controversial push to issue a new class of shares to help Founder and CEO Mark Zuckerberg retain control even as he donates shares to charity. Indeed, it seems the social network can do no wrong as its profits and ad revenue continue shooting through the roof.
Facebook (FB) stock outperforms the market
Data from S&P Global Market Intelligence indicates that Facebook Inc (NASDAQ:FB) stock has climbed 9% this year—at a time when the broader market has been stronger. In fact, as Demitrios Kalogeropoulos notes in a post on The Motley Fool, the stock is outperforming the market by about eight percentage points. Shareholders with the foresight to pick up Facebook Inc (NASDAQ:FB) stock at its initial public offering three years ago and the guts to hold onto it through a difficult first year of trading have enjoyed a 200% return. The social network is now the eighth-biggest company in the S&P 500 by market capitalization.
RV Capital Co-Investor Letter for the first half ended June 2022. Q2 2022 hedge fund l