Facebook (FB) stock has been on a remarkable run since its public debut in 2012. Showing dominance in the online advertising space, shares of the company have surged more than 850% over this time frame. Alphabet’s Google (GOOGL), combined with Facebook, make for a veritable duopoly in the U.S. online advertising space. There's reason for Facebook's relatively quick ascent to this level. Social networking continues to become more ingrained in the daily lives of so many globally. Currently, it's estimated that more than 80% of online users are social media users. Indeed, Facebook has as many as 2.9 billion million monthly active users on its platform. That's impressive.
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Meta Platforms (NASDAQ:FB)
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