#Facebook’s #Security Woes Are Setting This #Cybersecurity Stock Up for a Quick 20% Gain

Over the last year, Facebook Inc. (NASDAQ: FB) shares have fallen more than 16% as data breaches and political scandals plague the company’s public reputation.

However, the social media giant appears to be on the verge of turning a corner.

Last month, reports surfaced that Facebook intends to acquire a cybersecurity firm in an effort to strengthen its digital defenses and regain public trust.

And that’s great news for cybersecurity stocks. Facebook currently has $42 billion in cash on hand, giving it more than enough to lock down an acquisition.

Source:https://www.techinvestornews.com/Facebook/Latest-Facebook-News/facebooks-security-woes-are-setting-this-cybersecurity-stock-up-for-a-quick