Facebook Inc (NASDAQ:FB)
Facebook Inc (NASDAQ:FB), is an online social networking service headquartered in Menlo Park, California. Its website was launched on February 4, 2004, by Mark Zuckerberg with his Harvard College roommates and fellow students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes.
The site, which is available in 37 different languages, includes public features such as:
- Marketplace - allows members to post, read and respond to classified ads.
- Groups - allows members who have common interests to find each other and interact.
- Events - allows members to publicize an event, invite guests and track who plans to attend.
- Pages - allows members to create and promote a public page built around a specific topic.
- Presence technology - allows members to see which contacts are online and chat.
Facebook, Inc. operates as a social networking company worldwide. It provides a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications.
News Update:
Facebook Inc (NASDAQ:FB), is experimenting with new advertising approaches for its Instant Articles platform after publishers encountered challenges generating ad revenue because of restrictions imposed by the social network, according to WSJ
Instant Articles, which Facebook rolled out to all iPhone users last month, allows media companies to publish content directly to Facebook feeds instead of posting links to draw users back to their own websites. Twenty publishers are presently enrolled in the program.
Facebook Inc (NASDAQ:FB), is also restricting the type of ads publishers may place in Instant Articles. It will not allow so-called “rich media” ads, the animated or interactive ads that now commonly appear across publishers’ sites. WSJ added
Facebook Inc (NASDAQ:FB), has become a juggernaut in mobile advertising, with mobile accounting for 78% of the $4.3 billion in ad revenue it generated in the third quarter. The company has billed Instant Articles as a way to improve the news-reading experience on mobile devices, since Instant Articles load faster than a typical webpage. It’s looking for other ways to partner with news publishers, and on Wednesday launched an app called Notify which allows smartphone users to opt-in to receive push notifications from various media outlets and online services. WSJ Report
Facebook Inc (NASDAQ:FB), traded at gained 1.02% and is priced at $109.01, on Wednesday. The company holds the market capitalization of $305.17B
In the last five days of trading, the company has gained about 6.9% while it has gained over 16.91% in the past 1 month.
The 50 and 20 days moving average for the company is 13.62% and 6.84% respectively. A total volume of 25,057,099 shares was traded across the day, as compared to its average daily volume of 28.22M shares. The 52 week low and high for the company is $72.00 and $110.65 respectively.
Analysts mean recommendation for the stock is 1.70. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.
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