Facebook (NASDAQ: FB) blew away expectations as it reported its first full quarter of results in the pandemic. The social media giant delivered strong revenue and earnings, sending its stock soaring 8% on the day following the announcement. The earnings beat also took this FAANG stock to fresh all-time highs.
Now, the question for investors is what to do about it. Should they still buy amid a record 33% contraction in U.S. gross domestic product? Moreover, how will antitrust allegations affect the stock going forward?
Despite the blowout quarter, investors still have much to consider before buying this stock.
Source Fool.com