15.06.2020 Facebook Daily Analysis

15.06.2020 Facebook Daily Analysis

Facebook Inc (FB) 228.58usd, +4.15, +1.85% Today Facebook is trading on 228.58usd and the stock shares went up with 1.85 percent. This is because it has been reported that Facebook is on an increasingly large pile of cash and It currently has about $50 billion in cash, and that's after a sizable investment in Jio and a $5 billion settlement payout to the FTC related to user privacy violations. Facebook is actually generating tens of billions in free cash flow every year and this is actually important to investors as the company is generating good money. Facebook is reportedly hiring tech investors for a venture capital fund to help it spot the next big thing in social media and potentially acquire it or invest in it before it would raise antitrust issues. A Facebook spokesperson said the company has already hired an investor to lead the multi-million dollar fund, but didn't confirm the size of the fund.