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Is Facebook The New Large Cap Growth Tech Stock?
Long Investing Ideas from Seeking Alpha
Fri, 1 Feb 2013
By Bill Maurer : On Wednesday, social media giant Facebook ( FB ) reported its fourth quarter and fiscal 2012 earnings . Facebook handily beat analyst estimates for the quarter, which had come up a bit in recent months to begin with. Shares declined on the news after the company detailed plans to ...
Morningstar's Rick Summer sees Facebook and Google dominating the Internet advertising market as Facebook finds better ways to monetize its massive user base.
It will be a volatile ride, but Facebook's strong competitive advantages and growth opportunities could be the recipe for a hefty valuation, says Morningstar's Rick Summer.