With all the fuss over Facebook’s (FB) virtual reality plans, investors are – believe it or not – overlooking the potential of its social media assets, said Real Money Contributor Cody Willard. ‘Instagram has hardly been monetized at all yet,’ said Willard. ‘Facebook itself is still just in the initial stages of being monetized and they’ve got WhatsApp on top of that. So there are a billion people a day that they can be marketing to on the social networking side with virtual reality being a good kicker.’ Facebook’s stock (FB) is flat year-to-date, clearly faring much better than Amazon (AMZN), which is down 21% so far in 2016 after doubling in 2015. Willard said he has faith that Amazon’s founder and CEO Jeff Bezos will crank out profits at the e-commerce giant in the coming year. And even if he doesn’t, he will eventually. ‘Jeff Bezos is a genius and one of the things I like to do when I invest is invest in great leadership and great visionaries,’ said Willard.
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