Given Facebook Inc (NASDAQ:FB) messenger’s popularity, it is safe to say that Facebook has successfully made the transition into mobile despite being a few years late in the area. The company’s purchases of mobile apps Instagram and Whatsapp looks even better in hindsight given Messenger’s massive numbers. Facebook bulls hope that the company will successfully adjust to the coming augmented reality/virtual reality/artificial intelligence platform change in the coming years ahead as well.
What Does The Smart Money Sentiment Say?
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The smart money was bullish on Facebook in the fourth quarter. Of the 742 elite funds we track, 146 top funds reported holding Facebook Inc (NASDAQ:FB), down just 3 from the end of the third quarter.
The Bottom Line
Facebook Inc (NASDAQ:FB) Messenger continues to grow, this time passing the 1.2 billion monthly user mark. For more reading, check out ‘16 Biggest Facebook Groups in 2017‘.