(Forbes) Facebook was the most popular stock position for hedge funds heading into July according to Goldman Sachs. It was a giant money-making Silicon Valley dream come true. No one could have predicted the company’s 2Q report where management outlined plans for increased spending and lowered margin guidance going forward. Since the peak in July, shares are down 25% and the stock has lagged other tech companies by a wide margin over the past year.
Facebook Stock: A Great Business At A Good Price
This entry was posted in Syndicated. Bookmark the permalink.