Facebook Inc (NASDAQ:FB) Rides High On Pew Survey


Dallas, Texas 01/09/2014 (FINANCIALSTRENDS) – Facebook Inc (NASDAQ:FB) the $143.08 billion market cap social media platform trades at %58.21 as of January 8 2013, with stock prices have seen 0.50% increase over previous trade benchmarks. The company volumes have been in the range of 54,329,037 and trade between 52-week high of $58.58 and low of $22.67. The current PE for the stock is 410.90 while the EPS is 0.41.

Facebook Inc (NASDAQ:FB) has begun the 2014 with upgrades from across the analyst community.

Analyst sentiments ran high after Pew survey, reported at the end of the year, the dominance that Facebook had over US population. Though micro changes to profiles and numbers were visible, the social network is now a big US affair, piping LinkedIn to second spot, while the instant messaging service- Twitter- trailing a close third. Interestingly, trailing Twitter was Instagram, a much loved Facebook feature, which runs on photo status updates instead of messages.

The Pew survey does put a definitive framework to the working of social network media, especially in the U.S.

Facebook Inc (NASDAQ:FB), the survey has quietly established is no longer a loving haunt of teenagers. It is previous generation who have grown up with the social media platform or the older generation, meaning 65 plus senior citizens who continue to engage on the platform. Most others are distracted by the WhatsApps, the Vibers and a host of other messaging services which are slightly innovative in the features they offer.

Facebook Inc (NASDAQ:FB) has tentatively lost the tee-generation to most shorter messaging services such as Twitter, Instagram. The age group between 50 and 64 are apparently less engaged on this platform and check in much lesser at just 9% to 6% on a daily basis.

The positivity the Pew Survey has bought for Facebook has led to SunTrust, Deutsche, upgrades besides the acquisition of Little Eye Labs, the app to monitor tool developers  too is reflected in stock market highs.

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