The price of the Facebook after a significant correction has again become attractive to investors. The main driver for shares of the company may be opening of an office in China, which is the world's largest Internet market. Work in the country is associated with a number of restrictions on censorship, but we positively assess the entry to the market of social networks in China.
Sales Department can be opened in China in 2-3 months, but the adaptation of the site may end up in the middle of next year.
Despite the development of new areas, attractiveness of the company continues to rise amid the forecast of increase of profits from existing services. We maintain our positive outlook on shares of Facebook.