The stock price of Facebook, Inc. (NASDAQ:FB) has continued to climb to new highs in recent weeks, even as new lawsuits presented by the Federal Trade Commission and a group of 46 states look to attempt to break up some of the monopoly power Facebook has allegedly used in its social networking business.

These legal issues have daunted Facebook and its other mega cap peers of late, with hearings in recent months delving into concerns around monopoly power continuing to hamper the parabolic stock price growth some investors expected. While this stock has indeed performed quite well relative to the broader stock market indices, Facebook’s stock price still looks like it holds tremendous value at these levels on a value to growth basis. This is one of the key reasons I remain on the optimistic end of the spectrum with respect to Facebook’s long-term prospects.

That said, the conservative long-term investor in me ought to warn investors about these risks, and ensure that all readers do their homework on the risks associated with any investment. Any effort by a government agency, particularly a Federal government agency, to limit the market power of a given company ought to be given significant credence by investors.

The ability of Facebook to continue to grow its revenues and earnings over the long-term do not appear to be materially hampered by these near-term concerns, and I would expect regulators to potentially force some sort of action down the road; whether or not a spin-off or some sort of competition-related legislation come down, I expect Facebook’s share price to hold quite steady, given its dominant market position currently.

Invest wisely, my friends.