Facebook Inc (NASDAQ:FB) global face receives more recognition


Dallas, Texas 09/11/2013 (Financialstrend) – Today, in the United States, smartphones have taken over 60% of the mobile market in the quarter that ended July. In the U.S, 143.3M people now use different smartphones. AAPL held top place amongst smartphone makers with a 40% OEM market-share. Google’s Android was the No 1 mobile phone platform and grabbed a whopping 52% of the market share. Facebook Inc (NASDAQ:FB) was the front-running smartphone application with a reach of 76.1%. YouTube held 53.6%, Google Play had a 53.6% share and others followed.

The public feed

In separate news, On Monday, FB announced its latest bid to dethrone Twitter as the main hub for all real time online-conversations. This gives some media partners the opportunity to tap into Facebook’s public feed on all its posts. These are the feeds that FB members make public. What this also means is that companies like Slate and CNN will be able to see all the real-time listing of public-posts that are related to specific keywords.

Expansive user base

David Fischer, the FB chief executive officer is in global think mode. On Monday, at the K8 summit in California he stated that even as the network’s user-base is expanding, so is its revenue-growth. Fischer said that the engagement-rates in those markets are extremely high. What this means is that not only is the user base wide, but a large percentage of those users are also active. Facebook Inc (NASDAQ:FB) is involved in building various products to create expansive utility for developers, users and advertisers.

Tuesday’s trading

In Tuesday’s trading session, Facebook Inc (NASDAQ:FB) stock dipped by 1.00%. The opening price of the shares was $44.24 which trended to an intraday high of $44.26 and dipped to close at $43.60. Around 54.54 million shares were traded on Tuesday while the average volume of shares traded over a 30 day period was 71.10 million. The company has a market capitalization of $106.18 billion.