Amid Recent Gains, Most Investors Still Don't Like Facebook (FB)

August 27, 2013 3:29 PM EDT
If the majority of folks don't want to touch Facebook (Nasdaq: FB) stock with a 10-foot pole, then what gives?

According to a poll on the Yahoo! Finance homepage, most investors still think Facebook stock is rubbish. Maybe it's a fair argument given that Facebook stock was largely stagnant up until its latest earnings release, mainly hanging in the mid-$20 range.

Other investors that see the potential in mobile and some of the changes going on to drive growth in that area know that there's plenty more upside in Facebook stock and are more than willing to go along for the ride. After all, there's still a relatively small portion of Facebook's 1.1 billion users which engage the social media giant via a smartphone or tablet and most of those users are in developed markets.

Below is the question and answers (not a scientific survey):

Facebook's market valuation has hit $100 billion. Are you a fan of its stock?
  • Yes, I've always been a fan - 8 percent, or 3394 votes

  • It's looking attractive now - 8 percent, or 3459 votes

  • No, it's too volatile - 26 percent, or 11409 votes

  • I'll never 'like' the stock - 58 percent, or 25857 votes


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