Why We're Buying (More) of Facebook
Jun 18th 2012 10:07PM
Updated Jun 18th 2012 10:14PM
The following video is part of our "Motley Fool Conversations" series, in which analyst John Reeves and advisor David Meier discuss topics across the investing world.
John and David have decided to buy more shares of Facebook for their real-money 10-Bagger Portfolio. Facebook has the largest social media platform with more than 900 million users, and that number continues to grow. The company has been criticized for not having a mobile model, but that's about to change now with its new Sponsored Stories model for mobile only. John and David would agree that Facebook is not cheap. But it's also hard to ignore the company's incredible avenues for growth. It will be very interesting to see what else it accomplishes over time. That's why they're adding to their small position.
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At the time this article was published David Meier has no positions in the stocks mentioned above. John Reeves owns shares of Google. The Motley Fool owns shares of Amazon.com, Facebook, Google, and Microsoft. Motley Fool newsletter services recommend Amazon.com, Google, Microsoft, and Yahoo!. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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