Facebook Inc (NASDAQ:FB)’s COO Sheryl Sandberg sells $91 million of the social networking giant’s stock


Dallas, Texas 08/12/2013 (Financialstrend) -As per latest reports, the No. 2 administrative at Facebook, Sheryl Sandberg, has sold $91 million of the social networking giant’s stock.

The scrip of the well known company got sold at their IPO during May last year for around $38, but shortly declined in worth. Only in the past days it has retrieved and exceeded that worth.

The firm’s shares ended at a price of $38.50 on Friday.

Sheryl still possesses over 25 million scrips, constituting about $1 billion.

Facebook introduces graph search; searching your buddies turns simple

Making search for data in Facebook will be made easier with the help of Facebook Graph Search plan being presented for users who have their favored language set to US English.

Users can currently utilize expressions such as ‘People who were with me in’ or ‘Pics of Bangalore taken by my pals’ in their search boxes and Facebook will hunt all the applicable arenas and accumulate the outcomes into a simply readable format for the searcher.

“Graph search outcomes get personalized for you, just like News Feed is distinctive to you. For instance, if you look for Pics of Tokyo, you will witness pics of your pals in Tokyo and shared with you, in addition to public pics connected to Tokyo,” Facebook stated on its page.

Facebook Inc (FB) to benefit from video advertisements, Google Inc (GOOG) alters

Eric J. Sheridan, Vishal J. Patel and Timothy E. Chiodo, CFA of UBS think the social networking giant Facebook Inc (NASDAQ:FB) is poised to benefit from video promotion and from Google Inc (NASDAQ:GOOG) novel alterations to Gmail. Below is a piece from a recent study note.

Higher than anticipated valuation

Based on our early tests, Facebook Inc (NASDAQ:FB) was delivering its video advertisement product to admen with asking rates hitting the 7 figure range.