Facebook Inc (FB) Messenger Notches Another Record

 Facebook Inc (NASDAQ:FB) continues to make progress in its mission to connect the world. Specifically, Facebook messenger, the company’s mobile messenger app platform, passed 1.2 billion monthly users. Facebook Inc (NASDAQ:FB) said: ‘On behalf of the entire Messenger team, we’d like to thank our growing community of more than 1.2 billion people who use Messenger every month. We’re grateful that you continue to use Messenger to stay in touch with the people and businesses that matter to you most. In the last few months, we’ve added Group Video Chat, a powerful and fast camera – preloaded with stickers, masks, frames and effects- and the ability to share photos and videos to your Day, making it easy and fun to share what’s happening in your life, moment by moment. We’ve launched Mentions and Reactions to make your group conversations on Messenger fun and engaging, and we expanded Messenger Lite into seven additional countries so that even more people can use Messenger. We can’t wait to share what we have in store next!’

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?

At Insider Monkey, we’ve developed an investment strategy that has delivered market-beating returns over the past 12 months. Our strategy identifies the 100 best-performing funds of the previous quarter from among the collection of 700+ successful funds that we track in our database, which we accomplish using our returns methodology. We then study the portfolios of those 100 funds using the latest 13F data to uncover the 30 most popular mid-cap stocks (market caps of between $1 billion and $10 billion) among them to hold until the next filing period. This strategy delivered 39.7% gains over the past 12 months and outperformed the 24.1% gain enjoyed by the S&P 500 ETFs. Our enhanced small-cap hedge fund strategy returned more than 45% over the last 12 months and outperformed SPY by more than 30 percentage points over the last 4.5 years (see details here).

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‘.

Follow Meta Platforms Inc. (NASDAQ:META)


facebook app