6 Metrics Behind Facebook's 54% Gain in 2019
Facebook (NASDAQ: FB) failed to impress in more than one way during 2019. The company's Portal devices didn't seem to gain any meaningful traction with consumers, and a virtual currency (Libra) that Facebook announced in June quickly lost support from key partners including Visa, Mastercard, PayPal, Stripe, eBay, and MercadoLibre. Adding to negative headlines for the social network in 2019, Facebook CEO Mark Zuckerberg was berated during a question-and-answer session with federal lawmakers over the company's Libra project.
Nevertheless, Facebook stock surged in 2019. Investors couldn't help but look past these challenges and see an underlying business that continued to fire on all cylinders.
Here are six metrics highlighting what was behind Facebook stock's 54% gain in 2019.
Source Fool.com
