3 Reasons Why Facebook Can Maintain Its Stunning Growth Rates
Facebook Inc (NASDAQ: FB) just reported its Q3 2019 earnings and its earnings were, once again, stunning. Investors were blown away by a 28% year-over-year rise in revenue and a 19% year-on-year increase in net income. The social media behemoth has managed to continue growing, driving its market capitalization up fivefold since its IPO in May 2012.
Being the dominant social media network on the planet, investors may wonder if Facebook can continue to its incredible growth. After all, there is concern that growth may start to slow once the number of users on the platform hits a saturation point. Plus, there are only so many hours a day you can spend on social media before your social and working life takes a negative hit.
Although these concerns are legitimate, here are three reasons why Facebook should be able to maintain its stunning growth rates.
Source Fool.com
