Facebook's Growth Reaccelerates but the Stock Drops. Time to Buy?
Shares of Facebook (NASDAQ: FB) had been closing back in on all-time highs, but then came the second quarter of 2019 and the ensuing stock market pullback. Facebook stock has dropped over 10% since its July 24 earnings report, with investor pessimism fueled by worries about a global economic slowdown and continued scrutiny over the data practices of Facebook and other tech companies. A general slowdown in new user additions on Facebook has also been weighing on the stock.
This doesn't mean the company isn't a buy, though. In fact, after this most recent downturn, now looks like a good time to buy Facebook shares.
Source Fool.com
