Andrew Left Vs. Paul Meeks: A Facebook Bull-Bear Case

Facebook Inc (NASDAQ: FB) investors: The bull and bear case was just debated on CNBC.

Andrew Left of Citron Research took the bear side and said now is a "great time" to sell Facebook's stock. He suggested the rise of popularity of Snapchat is extremely popular with  "tweens" and could prevent Facebook from capturing its next generation of users. As the old business adage goes, it's way easier to keep a customer than acquire a new one. Facebook will only find it harder and more expensive to fuel its user growth moving forward.

Left added that Facebook-owned Instagram is seeing its usage numbers decrease. Afterall, he pointed out that the social media space is a difficult space to maintain a leadership position in, as seen by the rise and fall of MySpace.

Related Link: Facebook VP Predicts All-Video News Feed In 10 Years

Paul Meeks offered the bullish rebuttal on TV, but provided a more detailed rebuttal to Left's short thesis.

Meeks argued that overtime, Facebook and Google will "continue to take share" within the digital advertising space and investors shouldn't worry about Snapchat. He justified his position by pointing out that both Facebook and Google were "early to the game" and will continue to "be dominant."

Finally, Meeks defend Facebook's stock and stated that shares are trading at 25 times 2017 earnings and for a company with its growth rate, investors can buy a stock that's "not particularly expensive" and "very attractive."