07-25-2013, 10:46 AM
Like I mentioned before Facebook is a powerful online advertising tool.
Maybe that is why the stock is up $7 a share already today?
NEW YORK (CNNMoney)
Facebook shares soared 25% Thursday, the morning after it posted strong results and said its mobile ad business continues to gain traction.
Facebook reported second-quarter revenue of $1.8 billion Wednesday, exceeding analysts' expectations of $1.6 billion.
Net income rose to $333 million, compared to a loss of $157 million a year ago.
The stock jumped to more than $33 per share in early trading, a price not reached since January. Facebook's stock has never returned to its May 2012 IPO price of $38 per share.
07-25-2013, 07:07 PM
- Join Date
- Sep 2008
- South Florida
I'm a millionaire!!!! Good thing my phone number isn't published....but I bet Rock could get it from my IP address.
07-26-2013, 12:37 PM--Odysseus
Sic Hacer Pace, Para Bellum.
Before you can do things for people, you must be the kind of man who can get things done. But to get things done, you must love the doing, not the people!
01-30-2014, 11:44 AM
In early trading Thursday, Facebook shares jumped as much as 16% to $62.30, well-ahead of its previous top of $59.31. The stock’s recent growth marks a substantial change of fortune for the company’s shares, which were trading around $25 as recently as the summer.
The world’s largest social network showed Wednesday that it can generate more money out of each user, as it posted a 63% increase in revenue and an eightfold increase in profit for the fourth quarter.
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