Facebook (FB) reported 2Q'02019 after the market closed yesterday (24 July 02019). I think they had a good quarter. Wall Street initially agreed, but then they started to contemplate the future for Facebook Inc.
FB closed yesterday (24 July 02019) at $204.66. It opened today at $206.70 and spiked to a new 52-week/all-time high of $208.65; however, it closed the day down 1.93% at $200.71.
During 2nd-quarter 02019, Facebook Inc. increased its headcount at a linear rate of 782 heads per month (or 2.14 heads per day).
Facebook Inc. ended 2nd-quarter 02019 with "cash & cash equivalents" of $48.6 billion.
Sadly, the U.S. Department of Justice is going to cause Facebook's cost of doing to increase as the company is going to have to spend money implementing and satisfying "compliance measures." I think Facebook's headcount is higher than it needs to be, so I think the company should tap the brakes when it comes to increasing its headcount.
I have a limit order to sell a tiny amount of FB at 67 $Pi (i.e. $210.49) even though it's possible that longer term FB has many new all-time highs ahead of it. A new mantra for the next few years: FB to $1000.
No comments:
Post a Comment