- By Diane Alter, Contributing Writer, Money Morning - November 27, 2012Facebook stock finally has been acting like it was expected to after its hugely hyped initial public offering in May: It's rising.
In a stark about-face, the stock has advanced more than 24% in November, after falling 50% from its IPO price over the previous five months.
The FB rally was pronounced Monday, with shares of the social networking giant closing up 8.09%.
In addition, it has logged better returns than the S&P 500 by 24 percentage points over the last 60 trading sessions.
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facebook stock gains
Facebook Stock Gains, But Rival Threatens Market Share
- By Diane Alter, Contributing Writer, Money Morning - September 11, 2012
As Facebook stock (Nasdaq: FB) keeps climbing from its all-time low last week of $17.55 a share, business-oriented networking site LinkedIn has introduced some new features that resemble those of Facebook.
LinkedIn last week rolled out a new notification system and launched an update for its iPhone, iPad and Android apps. The updates now inform a member when someone likes or comments on one of their status updates - just like Facebook, the social networking leader.
In the past LinkedIn only sent notifications if someone sent a member a message or extended an invitation to become a connection.
In a statement, the company gushed, "You'll never miss a comment or update to an engaging discussion about a news article or trending topic on LinkedIn."
LinkedIn's head of mobile products Joff Redfern said in an interview that the update will also let a member peruse company pages and job postings on smartphones and tablets. According to Redfern, users requested the feature so they could covertly browse for jobs while at work.
The latest moves highlight how LinkedIn is morphing from a headhunting and career-networking site into something bigger. Facebook big.
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