Facebook Stock Prediction: Facebook Intensifies Its Attack Against Snapchat

motek 1The 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.  

FB Stock Prediction

Summary:
  • Not content in copying features of Snapchat, Facebook is reportedly creating a dedicated teen-centric messaging app. Snapchat, now listed at NYSE, has a market cap of $25 billion. Snapchat rejected Facebook’s takeover offer of $3 billion cash in 2013.
  •  Snapchat touts 166 million active daily users, most of them teen-agers.
  • Kids and teen-agers are coveted demographics for advertisers. Facebook will therefore continue assaulting Snapchat’s user base.
  • I Know First have positive algorithmic forecasts for Facebook.

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