Thursday, October 28, 2021

Facebook Mirrors Big Tobacco: Why That’s Good for FB Stock

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Investing With Charles

Facebook Mirrors Big Tobacco: Why That’s Good for FB Stock

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Charles Sizemore,
Co-Editor, Green Zone Fortunes

Social media is everywhere. You can’t escape it.

Facebook Inc. (Nasdaq: FB) is still top dog. Almost everyone uses at least one of its products. I’ve sworn off social media, but even I use its WhatsApp service to talk to friends and family in South America.

Facebook has been in the headlines recently, and not in a good way.

In today’s Investing With Charles, research analyst Matt Clark and I take a look at some of these headlines and note striking similarities to an industry that faced headwinds in the ‘90s.

Click here to check it out now.

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Facebook Is Ubiquitous

Charles: I’m not a social media addict. I still have LinkedIn, but I got rid of Facebook. And I’ve never been happier. There is life after Facebook.
But I use WhatsApp daily. That's the primary communication tool in South America. We have friends and family in Peru. In South America, WhatsApp is what you use to communicate. It's almost impossible to escape the Facebook web.

So the fundamental point here is this company is ubiquitous. It's hard to function in the modern world without at least one of its products. It's everywhere, even with all these negative headlines.

Matt: For perspective, I found the actual and estimated numbers of Facebook users here in the United States. In 2021, there are about 302 million users of Facebook. That is a massive percentage of the population here in the U.S.

Charles: That's essentially everybody who's not an infant or in jail.

Click here to read more.

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1492: Christopher Columbus landed in Cuba in his first voyage to the New World. He initially thought he had landed in Japan.


   


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