Here's Why Facebook and Other Social Media Stocks Are Soaring Today

Matthew Frankel, CFP, The Motley Fool
·3-min read
Here's Why Facebook and Other Social Media Stocks Are Soaring Today
Here's Why Facebook and Other Social Media Stocks Are Soaring Today

The stock market was modestly higher on Wednesday morning as investors awaited the outcome of stimulus negotiations, but social media giant Facebook (NASDAQ: FB) was a big outperformer. Other social media stocks were rising as well. In fact, Facebook's move was the smallest of its peers.