Flokayson
2021-09-05
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Facebook prospects remain bright despite stock run-up - Rowan Street Capital
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Shares were up fractionally in Friday's intraday action, rising to $376.69:</li>\n</ul>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Facebook prospects remain bright despite stock run-up - Rowan Street Capital</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook prospects remain bright despite stock run-up - Rowan Street Capital\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-03 23:06 GMT+8 <a href=https://seekingalpha.com/news/3737186-facebook-prospects-remain-bright-despite-stock-run-up-rowan-street-capital><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alex Kopel and Joe Maas, co-founders and managing directors at Rowan Street Capital, said in a letter to investors that the \"future prospects remain bright\" for Facebook(NASDAQ:FB), despite the fact ...</p>\n\n<a href=\"https://seekingalpha.com/news/3737186-facebook-prospects-remain-bright-despite-stock-run-up-rowan-street-capital\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3737186-facebook-prospects-remain-bright-despite-stock-run-up-rowan-street-capital","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1128877475","content_text":"Alex Kopel and Joe Maas, co-founders and managing directors at Rowan Street Capital, said in a letter to investors that the \"future prospects remain bright\" for Facebook(NASDAQ:FB), despite the fact that the fund's investment in the social media platform has already doubled over the past three years.\n\"We were convinced that FB remains an extraordinary business with an incredible moat (2.9B users), and they still have tons of opportunities to profitably reinvest their capital,\" they said in a fund letter released this week.\nKopel and Maas acknowledged that the company has been forced to increase its expenses in recent years to answer regulatory concerns and to counter worries about misinformation on its platform.\nHowever, they expect future expense growth to approximate revenue growth over time.\nThe Rowan Street co-founders predicted that FB would continue to see revenue growth of at least 20%.\nIn its latest earnings report, released in late July, FB reported a quarterly profit that easily topped expectations, on revenue that climbed nearly 56% to just over $29B.\nHowever, the company also warned that revenue growth would significantly decelerate as it comes up against more difficult comparisons.\nFB has advanced steadily since March, reaching a series of 52-week highs. 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