Dallas, Texas 08/06/2013 (Financialstrend) – Facebook Inc. (NASDAQ:FB) a social networking giant was incorporated in 2004 in Menlo Park, California. It is operating as a social media networking company globally. It has a various unique features that attract users to interact and communicate with each other.
According to one research, one out of three people who uses internet use FB every day, which means FB now attracts almost half of the number of people worldwide who uses internet. Moreover, company’s latest quarter result shows that FB’s engagement level continues to remain high i.e. almost 700 million people spend their precious time of 30 minutes on FB every day.
FB took almost 15 months to get out of this long battle of botched IPO price tag and now a couple of days ago the company regains its IPO price of $38 recently.
Many people question the sustainability of the company nearly a year ago, when FB was traded at $17.55 which is more than 50% below its market value which made the stock unattractive. Also people felt that the IPO price was merely a ripe-off. The company was also unable to justify about the price as the price of the stock was continuously declining.
But things now have changed as company break through its IPO price. Ultimately it is up to the users of the company to decide about company’s viability, there are several other aspects also that make the stock of the company bullish and more attractive.
FB’s investment in mobile provides the company a better platform and its Ad revenue of the second quarter reached at $656 million which is more than 76% from the first quarter. Unlike Google (NASDAQ:GOOG) FB is able to take great advantage on GOOG’s freeware for Android devices. Other strategies that may pay-off for the company include video ads and mobile gaming.