Facebook Stock Forecast: Why Facebook Is Interested In Competing With Amazon’s Echo Show

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

Facebook Stock Forecast

Summary:
  • Facebook’s interest in consumer hardware is not only limited to selling Oculus VR products.
  • Rumor has it that Facebook will soon launch a video-chat home product that will compete with Amazon’s $229 Echo Show.
  • The product’s codename is “Aloha.” It’s Facebook’s latest effort to further engage its more than 2 billion users.
  • Facebook’s Aloha should also become a large-display gadget where it can deliver targeted advertising.
  • FB still touts positive near and long-term algorithmic forecasts from I Know First.

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Forecast Length: 1 Month (06/29/16 – 07/29/16)
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