Facebook looks "rather cheap" at this price and given its growth rate

David Tepper, of Appaloosa Management, said the Facebook title looks cheap at its current price and that the fund has not reduced its position.

Mr. Tepper's comments on the social media giant came shortly after the director told CNBC television that he had become more uncertain in recent months.

The investor said that he is now exposed to about 25% to the stock market. The United States qualified the market as "fair value" if the United States did not impose more rights on Chinese products.

Tepper's comments come months after the news was first published about the inappropriate collection of Facebook users' personal data by policy research firm Cambridge Analytica.

The resulting scandal, the largest in the history of Facebook as a public company, ushered in a public storm – and financial hardship – for some of the biggest corporations Wall Street technology.

Facebook shares fell by more than 10% in the month following the Cambridge Analytica revelations, and they remain more than 8% lower in 2018 than the 8.6% rise in the S & P 500.

Appaloosa Management has approximately $ 14 billion in assets under management. The billionaire investor is also the owner of the National Football League team, Carolina Panthers.