FB Stock Forecast: Why Facebook Launched A Unified Payment System
The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.
Summary:
- I reiterate the September 24 buy recommendation I made for Facebook. This company is using its social networking dominance to find new sources of revenue.
- The recent launch of Facebook Pay is a long-term catalyst. It can make Facebook a key leader in mobile P2P payments and P2P commerce.
- Facebook Pay will improve monetization from the 800 million-strong Facebook Marketplace P2P online commerce platform.
- Mobile Peer-to-Peer payments are rapidly increasing in the United States. Industry watcher eMarketer estimates that U.S. mobile P2P transactions will hit $309.95 billion in 2019.