Today’s Research Reports on Stocks to Watch: Facebook and The Meet Group

NEW YORK, NY / ACCESSWIRE / April 10, 2018 / Social media stocks Facebook and The Meet Group were seeing gains in Monday’s trading session. Facebook CEO Mark Zuckerberg is expected to testify before Congress on Wednesday. The Meet Group saw its shares pop after releasing a positive update on its livestreaming video rollout.

RDI Initiates Coverage on:

Facebook, Inc.
https://rdinvesting.com/news/?ticker=FB

The Meet Group, Inc.
https://rdinvesting.com/news/?ticker=MEET

Facebook, Inc. shares closed up a modest 0.46% yesterday on trading volume around average. While the stock traded pretty flat, it was an interesting day for the company as CEO Mark Zuckerberg’s testimony before Congress this Wednesday had his prepared statement released. The House Energy and Commerce Committee released the social media giant’s prepared statement which included Zuckerberg admitting that the company did not do enough to prevent data from being misused. Zuckerberg stated, “It’s clear now that we didn’t do enough to prevent these tools from being used for harm as well. That goes for fake news, foreign interference in elections, and hate speech, as well as developers and data privacy. We didn’t take a broad enough view of our responsibility, and that was a big mistake. It was my mistake, and I’m sorry. I started Facebook, I run it, and I’m responsible for what happens here.”

Access RDI’s Facebook, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=FB

The Meet Group, Inc. shares were flying on Monday and closed up 19.07% with additional gains seen in after-hours trading. The social network company saw big moves after the company provided an update on its livestreaming video rollout and key video operating results. Number of paid gifters increased 36% month on month in March. Video users as a percentage of mobile daily active users (or vDAU%) on MeetMe exceeded 25% for the first time ever last week. Total broadcast time across company’s shared video platform exceeded 4 million minutes for the first time this week, and total streaming time exceeded 10 million minutes. The company’s CEO Geoff Cook remarked, “We see momentum in video building. We have begun the rollout of Tagged livestreaming on our shared video platform, and we expect to launch enhanced video monetization on Tagged next month. Additionally, we are ahead of schedule with our plans to bring live video to Lovoo, and we now expect to begin rolling out the feature in a phased approach starting in May.” He also stated, “We expect Lovoo and Tagged to drive continued growth of video engagement and monetization. Additionally, we have a deep pipeline of product features and enhancements that we believe will continue to drive video DAU and video ARPDAU, while also creating richer, more meaningful connections within our community. We recently began rolling out gender filters on MeetMe so that users can connect via live video, and we merged our Skout and MeetMe audiences, giving users of both platforms access to a greater number of potential connections. Skout Live is performing well and is already contributing meaningfully to total video revenue.”

Access RDI’s The Meet Group, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=MEET

Our Actionable Research on Facebook, Inc. (NASDAQ: FB) and The Meet Group, Inc. (NASDAQ: MEET) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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