New York (Street)-the social media giant Facebook (FB) "became a huge short once participation in the digital slide," Andrew Citron, head of research · Left said on CNBC's "halftime report" on Tuesday afternoon.
Facebook (FB) stock will eventually miss engagement numbers and become 'a tremendous short,' Citron Research head Andrew Left said on CNBC's "Halftime Report."
Number of participants will be missed in the coming years, and forecast to the left. "On Facebook, each piece at the bottom there is an asterisk and all are based on the level of participation," he explained.
Earlier, the left is short on Facebook based on paper, "how much better can it really get? "That CNBC's Scott Wapner.
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Posted on Facebook, the company previously thought after a short "turn to blow the proceeds of, each estimate was completely destroyed," but only up 1.5% to 2% the next day, pointed out to the left. "What will happen if they do come in at? "He asked.
The stock market needs new buyers and new sellers daily, Left said. So the short thesis is based on, "Who's left to buy [Facebook stock] tomorrow?" he said.
"It has nothing to do with Mark Zuckerberg. Nothing to do with the company," Left said.
Facebook's story could turn out very similar to Apple's (AAPL) growth story, he predicted.
3-4 years ago, we all know that Apple's stock will reach $ 1000, they just don't know when to leave said. But it suddenly turned from low value stocks and growth stock and reduced within the next two years. "So to say anything, nor on the Facebook," he concluded.
Facebook's share price low at around three o'clock in the afternoon trading on Tuesday.
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Separate Street rating objective rating based on its "risk-adjusted total return prospects for the stock in the 12-month investment period. On any given day, not based on news ratings may differ from Jim Cramer's views, or The author of the article.Street rating team rates Facebook as a buy rating is a-.This investment based on positive measures, it should be stated that stocks outperform most equity team rates of convergence.
From here, you can view detailed analysis: FB
