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[This story was updated Feb. 20, 2015.]
Social media stocks are off to a good start in 2015, with Facebook Inc. (Nasdaq: FB) still leading the group.
Facebook's stock is up 14% over the past year to around $80 a share, and FB now has nearly the same market cap as Wal-Mart (NYSE: WMT). Facebook has 1.31 billion active users. And it released a "revolutionary" marketing platform that will challenge the likes of Google Inc. (Nasdaq:
THE DOUBTERS
I have not seen Keith Fitz-Gerald giving Social Media or Facebook any raves, as yet. He does not think they are worth the price and still doubts their business model. Everything looks good in a Bull Market. When stocks decline, investors become more conservative and critical. Keith is still conservative about their business model and skeptical they will last long term as viable businesses.
I have not seen Keith Fitz-Gerald giving Social Media or Facebook any raves, as yet. He does not think they are worth the price and still doubts their business model. Everything looks good in a Bull Market. When stocks decline, investors become more conservative and critical. Keith is still conservative about their business model and skeptical they will last long term as viable businesse
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