About Facebook (FB)
Facebook Inc. is an American tech company headquartered in Menlo Park, California. The company operates the largest social media platform in the world, with over 2.7 billion monthly active users as of Q2 2020.
Facebook was founded in 2004 by Mark Zuckerberg, Dustin Moskovitz, Eduardo Saverin, Andrew McCollum, and Chris Huges, all Harvard College students at the time.
The company has developed several social media applications, enabling users around the world to upload and share photos, videos, and comments online. The platform is accessible via a number of devices including personal computers, tablets, and smartphones.
Facebook stock price
The Facebook share price, like those of other publicly-traded companies, is deeply correlated to quarterly and annual revenues, which are a direct result of the demand for its products and services.
Facebook has a unique talent acquisition strategy, which has helped the company reach new levels of growth. Although Facebook usually shuts down recently acquired companies and keeps the talent, there are some exceptions, such as WhatsApp, the largest acquisition to date, at more than $20 billion. Instagram and Oculus VR are two other notable examples.
The company has been involved in several controversies over its short history, which has damaged its credibility. Facebook has been repeatedly accused of data manipulation and not respecting user privacy, with the Cambridge Analytica data breach scandal being the most famous case.
Looking at the Facebook share price, you’d think the equity is already unaffordable for many people. But at Uphold, you don’t have to buy whole FB shares. Similar to cryptocurrencies, you can buy fractions of it and invest as little as $1.00.
The Facebook stock price is determined by the law of the markets: supply and demand. Traders put up ask (selling) and bid (buying) orders, and the result is the current FB price, which is constantly changing.
What the bears are saying
- #deletefacebook: Facebook has battled through many controversies in the past, from user-privacy-related concerns to massive data manipulation; events that many believe have permanently damaged the company's image and reputation.
- Mark Zuckerberg: The Facebook founder and CEO is seen as a ruthless businessman who is constantly pushing limits and may end up jeopardizing the company.
- Regulated into oblivion: Although the U.S. Congress wants to regulate big tech companies, including Amazon and Google, it is Facebook that draws the most scrutiny.
What the bulls are saying
- FB continues to acquire high-end talent: Facebook's unique talent acquisition strategy continues to reap huge benefits. WhatsApp and Instagram alone have helped the company reach billions of new users worldwide.
- Not just a social media platform: Facebook has recently started to expand into promising sectors such as virtual reality (Oculus VR) and neural interface (CTRL Labs); enough proof to suggest the company has much higher ambitions than just providing social networking services.
- Mark Zuckerberg: Facebook's founder is seen by many as a young, visionary CEO, perfectly capable of leading the company for many decades to come.
How to invest in Facebook with Uphold
Here’s how easy it is to get started:
- Go to Uphold.com and click ‘Sign up’.
- Enter your email address, create a password, and complete an identity check.
- Your account will then be activated, and you can start using Uphold.
You can then fund your account with your debit card, credit card, bank account, or crypto deposit. Your Uphold account can be used to make payments to vendors, send money to friends on the other side of the world, and more.
Uphold’s unique ‘Anything-to-Anything’ trading experience will make any exchange a seamless process, all commission-free.
*U.S. stock trading is not available in the U.S., U.K., and certain other jurisdictions.
This article is for informational purposes only and takes no account of particular personal or market circumstances, and should not be relied upon as investment, tax, or legal advice. For investment, tax, or legal advice, and before taking any action you should consult your own advisors. Note that assets such as equities present unique risks for investors.
This content is correct as of October 2020
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