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Facebook is still a ‘revenue juggernaut,’ asset manager says — so buy on the dip

April 11, 2018


Facebook is center stage this week as founder Mark Zuckerberg testifies to Congress over issues relating to its mismanagement of user data and privacy.

Amid an uncertain future for the technology sector’s regulatory environment and its effect on the markets, one asset manager is particularly bullish on the social media company.

“Let’s face it, they’re a revenue juggernaut,” Carol Pepper, chief executive of New York City-based asset management firm Pepper International, told CNBC’s “Squawk Box Europe” on Wednesday.

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