During Wednesday’s Morning trade, Shares of Facebook Inc (NASDAQ:FB), dropped -0.19% to $103.51. The firm opened its current trade at $103.90, and as of now, it is trading at $103.48. The total volume traded for the day is 4.75M shares, as compared to its average daily volume of 28.86M shares. The stock is floating in a range of $102.92 - $104.00. The stocks hold the market capitalization of $292.93B.
Facebook founder Mark Zuckerberg launched an unusual experiment on his visit to India this week: “2G Tuesdays” — a weekly opportunity for his techies in Silicon Valley to experience how the social networking app works on a painfully slow internet connection, to assist them understand the frustrations of users in emerging markets, according to Financial Times
On 2G Tuesdays, employees more accustomed to being ferried to work in WiFi-enabled buses can opt in to a simulated 2G mobile phone service, and Facebook hopes the annoyance of waiting for profiles to download will spark new ideas to make the app work faster.
Facebook has fixed its sights on India. With no access to China, where the internet is closely monitored, India is the US group’s second largest market in user numbers. About a tenth of India’s 1.3bn people use Facebook, and the company’s WhatsApp messaging system is popular. Financial Times Report
Facebook, Inc. is a social networking company. The Company is engaged in developing products that enables users to connect and share through mobile devices and personal computers. It offers various services focused on people, marketers and developers. It offers various platforms for people to share their opinions, ideas, photos and videos, and to engage in other activities.
Facebook Third Quarter 2015 Results
On the other hand, Facebook, Inc. (FB) declared that the company’s third quarter 2015 financial results will be released after market close on Wednesday, November 4, 2015.
Facebook will host a conference call to discuss its results at 2 p.m. PT / 5 p.m. ET the same day.