28.07.2016 - We expect the growth of Facebook shares after a strong report
Shares of Facebook show an increase after the company reported results for the second quarter. Thus, the company received 6.2 billion dollars from the sale of advertising of which 84% was advertising through mobile devices. Revenue for the quarter rose to 6.44 billion vs. expected 6.02 billion. The number of active users increased by 15% compared to last year, reaching 1.71 billion. Our medium-term outlook for the stock is positive with growth potential by 20-25%.