Abstract: Explain the reasons of buying US stock Facebook (FB) and share my views.
Transaction detail
What I want to share with you today is the transaction I made on October 22. The details are as follows:
Bought stock
- Facebook Inc (US stock code: FB)
- Quantity: 2 shares
- Bought price: US$321.545
- Commission fee: US$0.35
Image source: https://seekingalpha.com/symbol/FB/chart
Reasons for buying Facebook
Yesterday, Facebook fell to a recent low again, mainly due to the latest quarterly results of the peer company Snap, it was reported that Snap’s advertising revenue was more severely affected by Apple’s new policy than expected. After the news was announced, the market estimated that Facebook’s advertising revenue would also be severely affected. Therefore, it triggers selling pressure. However, I think this will only affect Facebook’s short-term profitability and will not have a fundamental impact on its long-term profitability. Therefore, a short-term decline will provide a good opportunity for increasing your shareholding in FB. And I have great confidence in the future development of Facebook’s other businesses. I think if the strategy of Facekbook develops smoothly, the company’s development will enter a new level, so I will take advantage of it.
Comments and sharing
If you have any questions, please feel free to leave a message or comment below, I will reply you. Or if you find anything incorrect in the article, please let me know and learn from you. If you find it interesting or it may help you in any sense, please share with other people.
