Fund Managers Continue to Back Facebook

While some investors were busy disposing of their stakes in Facebook after the Cambridge Analytica scandal, others took the opportunity to top up their exposure

David Brenchley 6 June, 2018 | 12:31PM

Facebook app on smartphone, Facebook share price, Cambridge Analytica, stock market

The Cambridge Analytica scandal that rocked Facebook (FB) back in March raised some big questions about the firm. For investors, of course, the pertinent one was whether the social media behemoth’s winning run of share price gains has run its course.

Facebook’s share price, which had gains 53% in 2017 alone, reached a new record high of $195 at the beginning of February. Just eight weeks later, it had sunk to a nine-month low of $151.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Brown Advisory Global Leaders C GBP Acc16.36 GBP0.81
Carmignac Pf Patrimoine F GBP Acc140.57 GBP0.21
Facebook Inc A306.18 USD0.00
Polar Capital Technology Ord2,418.44 GBP1.36
Rathbone Global Opportunities I Acc366.69 GBP1.15

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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