Facebook Stock Price
Facebook Inc
NASDAQ: FB
Jun 18 01:20 PM
loading chart...
-
Last price24.52Prev Close24.02
-
Change0.50% Change2.0%
-
Open23.91Volume763,799,241
-
Day Low24.36Day High24.68
-
Bid24.52Ask24.51
-
52 Wk Low17.7352 Wk High33.10
-
Market Cap58,083ExchangeNASDAQ
Today
5d
1m
3m
1y
5y
10y
-
Facebook App Store Will Boost Popularity, Profit
Is there anything Facebook can't or won't do to keep its massive user base happy?
The social network giant just announced plans for a new Facebook App Store where Facebook friends can purchase games and other applications on its heavily trafficked site.
The new Facebook App Store, which will be formally known as the Facebook App Center, will feature applications for web browsers, and be available via the Apple Inc. (Nasdaq: AAPL) iPhone, Android smartphones, PCs and tablets.
The move will provide a platform for software developers to sell their products on the social site.
With over 900 million users worldwide, the new Facebook App Center opens up an alluring venue for developers and entices the social networking Web site's scores of members to keep coming back for new, current and popular applications.
Facebook's App Store is being launched in the midst of the company's highly anticipated, much-hyped initial public offering, expected on or around May 18.
And the Facebook App Store in not merely in the works, it is set to roll out in the next few weeks.
Click here to continue reading...
-
Facebook IPO Roadshow Continues without Retail Investors – and Zuckerberg
Facebook Inc. (Nasdaq: FB) launched its roadshow Monday in New York, with planned stops at several prominent U.S. cities before the trip ends.
Spotted sporting his trademark hoodie, 27-year-old CEO and founder Mark Zuckerberg was present at the heavily attended event in NYC.
But on Tuesday, as hundreds herded into Boston's Four Seasons hotel, Zuckerberg was nowhere to be seen.
"It's too bad Zuckerberg wasn't there. It was kind of disappointing," H. Scott Smith, senior equity analyst at Game Greek Capital, told the Boston Herald.
Click here to continue reading...
-
Facebook IPO Price Range Values Company Near $100 Billion
A Facebook IPO price range has been set, valuing the company at approximately $85 to $95 billon, The Wall Street Journal reports.
Facebook has set a range for its initial public offering of $28 to $35 per share. At that price level, the social network giant would raise just over $10 billion.
Those lofty numbers would put Facebook on the path to becoming the most valuable Internet company in the United States.
The price range is surprisingly lower than what many industry analysts had expected. The consensus was closer to $40 per share.
Greencrest Capital Management analyst Max Wolf told MSNBC that Facebook most likely subdued the price range for the storied IPO due to recently passive mood surrounding the markets.
"It feels to me that as market sentiment gets less bright, people are getting more nervous," said Wolf.
To continue reading, please click here... -
The Facebook IPO: What's Next
-
Facebook Ventures Into New Territory with Organ Donor Status
Facebook is now in the business of saving lives, with another change it hopes all of its members will move swiftly to "like."
The social network behemoth announced Tuesday morning a plan to encourage its millions of friends to start advertising their organ donor status on their Facebook pages. Facebook hopes the status update will create a kind of gentle peer pressure that will urge its 161 million U.S. members to add their names to the list of registered donors.
More than 114,000 people in the United States, and millions more worldwide, are waiting for life saving heart, liver or kidney transplants. On average, 18 die per day because there aren't enough organs for transplants.
Facebook aims to change that.
The status change is being rolled out first in the U.S. and the United Kingdom, where Facebook has some 30 million members.
Plans are to add other countries in the coming months.
Facebook CEO and founder Mark Zuckerberg said in a statement, "We never could have anticipated that what started as a small network would evolve into such a powerful tool for communication and problem solving."
Click here to continue reading...
-
Profit Falls Ahead of Facebook IPO – Will Investor Interest Follow?
Is this the first sign of trouble for the Facebook IPO?
The social media giant, now in the final weeks before its long awaited IPO filing, announced Monday that first-quarter profit and revenue has slipped since the end of 2011.
Facebook (Nasdaq: FB) disclosed in a regulatory filing that profit fell 32% from the previous quarter to $205 million. Revenue dropped 6% to $1.06 billion. Sales were up 45% -- slower than the 55% sales growth in the last quarter.
Expenses surged on costs related to data center building and workforce growth as the company manages its increasing subscriber base that's climbed to 901 million users worldwide. Expenses soared to $677 million - nearly double what they were a year ago.
Facebook also blamed the drop on "seasonal trends" in advertising and user growth in regions that bring in less revenue per subscriber.
Click here to continue reading...
-
Facebook IPO Date: May 17 Might Be the Magic Day
Here's some news devout Facebook followers and savvy investors are sure to "like" - don't write it in ink just yet, but looks like May 17 could be the Facebook IPO date.
While Facebook (NASDAQ: FB) refused to comment, "multiple sources close to the company" say that is the date, according to TechCrunch.
Ever since Facebook filed the necessary papers to go public in February, speculation has run rampant as to the exact timing. Late spring sprung up as the most likely time, but no precise date was set.
To continue reading, please click here... -
Possible Dates Released for Facebook Stock to Hit Markets
Possible dates have been released for the highly anticipated Facebook stock (NASDAQ: FB) to start trading, and if they're right the company could start its road show in less than a month.
CNBC reported that investors could see the Facebook IPO priced by May 16 or 17, and start trading the next morning, according to an anonymous source familiar with the matter. The social media giant filed for its IPO Feb. 1.
If this timeline comes true, Facebook will start marketing the deal May 7.
A possible IPO delay could stem from Facebook's new $1 billion purchase of photo-sharing network Instagram. The U.S. Securities and Exchange Commission has to review the deal and could approve as early as the end of April.
If the Instagram deal takes longer than expected to approve, Facebook could hold off pricing until May 23 or 24, CNBC reported.
The Facebook road show is expected to last about 10 days, focusing on potential investors in New York, Silicon Valley and Boston, according to the source.
To continue reading, please click here... -
Tech News: Facebook (NASDAQ: FB) Scores Big with Both AOL Patent Sale and Instagram Deal
Facebook Inc. (NASDAQ: FB) topped the tech news today (Monday), benefitting from both a record-making deal with photo-sharing network Instagram, and an AOL Inc. (NYSE: AOL) patent sale.
Facebook announced Monday it would pay $1 billion in cash and stock for photo-sharing app maker Instagram.
The Instagram deal is Facebook's biggest ever in both price and reach. Instagram has more than 30 million active users - which it accumulated in just 18 months - the most of any startup that Facebook has bought.
"We don't plan on doing many more of these, if any at all," Facebook CEO Mark Zuckerberg wrote in a blog post Monday, speaking to the size and scope of the deal. "But providing the best photo sharing experience is one reason why so many people love Facebook and we knew it would be worth bringing these two companies together."
Instagram, the most popular way for iPhone users to take and share photos, was named iPhone app of the year in 2011. Its features allow picture takers to alter the size, color and style of photographs.
The Android Instagram app debuted last week to a frenzied audience, with millions downloading the app immediately.
To continue reading, click here... -
Sorry, NYSE: Facebook (NASDAQ: FB) Will Trade on Nasdaq
Investors finally have the answer to where Facebook Inc. will choose to list shares when the social media powerhouse starts trading this year.
Say hello to NASDAQ: FB.
Facebook had no comment as to why it chose Nasdaq. The news was reported in The New York Times citing a source speaking on anonymity.
Facebook plans to raise up to $5 billion in its initial public offering (IPO), which it filed for Feb. 1. It's expected to start trading in May.
To continue reading, please click here...
