Facebook stock – How low will it go?
I thought i was making a great purchase when i bought FB after it dipped 20% in July.
Since then it has dropped an additional 30%.
I understand the lack of growth for users with FB, but they continue to dominate online advertising. 98% of online advertising money is spent either with Google or FB, and FB has created the most targeted and data driven ad platform.
They’re sitting on a pile of cash and continue to rake in profits.
How low do you think we will see this stock go? Should i cost average my current losses and buy more?
Planning on holding through 2020 at minimum