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Shareholders vent frustration over slumping Facebook stock

SAN FRANCISCO — Facebook Chief Executive Mark Zuckerberg faced a barrage of questions yesterday (this morning, Singapore time) about the company’s slumping stock price during the No 1 social networking company’s first shareholder meeting since its initial public offering last May.

Mr Zuckerberg, who has presided over a 37 per cent decline in the stock since its debut at US$38 (S$48), said he believed Facebook was on the right path towards long-term success, even though he was disappointed with its performance on Wall Street.
Facebook Shares Soar 25% After Earnings Blow the Bears Away [Article]

(Not Vested)
A news report on FB... It seems FB wined on mobile ads over Google this round... but I believe competition will continue... Google is not a pushover...Big Grin

Facebook shares soar as users, mobile ads climb

SAN FRANCISCO — Facebook delivered strong evidence it can thrive on smartphones and tablets yesterday (July 24), reporting a much better-than-anticipated surge in mobile advertising revenue in the second quarter that ignited a 20 per cent share rally.

The world’s No 1 social network, which is battling increasingly aggressive upstarts like WhatsApp for users’ time, grew mobile advertising revenue 76 per cent to US$656 million (S$832.4 million) from the previous quarter.
Interesting feature... I am not aware there is this app. Anyone has experience in using it?

One day in future, language will no longer be a problem for communication...Big Grin

Facebook buys voice translation start-up

SAN FRANCISCO — Facebook connects people from around the world and its latest acquisition could help it cover more ground.

In a Facebook post yesterday, the social network’s Director of Product Management, Mr Tom Stocky, said it had agreed to acquire Mobile Technologies (MT), a start-up based in Pittsburgh.

The company is behind the Jibbigo app, which translates voice snippets or texts to one of 25 available languages. The translated text can be read on-screen or read out loud.

Available on Apple’s iOS and Google’s Android devices, Jibbigo is popular with travellers and international health workers. The app charges for its offline translator packs, which can be used without the need for data or Wi-Fi connection.
I notice Apple is not in the list... Other major players are looking at the low-cost phone market...Big Grin

Facebook launches project to get more people online

NEW YORK — Facebook’s Chief Executive Mark Zuckerberg has enlisted Samsung, Qualcomm and four other companies for a project aimed at bringing Internet access to people around the world who can’t afford it, mirroring efforts by Google and others.

The project is called and will be launched today (Aug 21). It focuses on enabling the next 5 billion people without access to come online, Zuckerberg said.

“The goal of is to make Internet access available to the two-thirds of the world who are not yet connected and to bring the same opportunities to everyone that the connected third of the world has today,” said Zuckerberg.

Other players in the project include Ericsson, MediaTek, Nokia, and Opera.

The partnership will develop lower-cost, higher-quality smartphones and deploy Internet access in underserved communities, Facebook said.
This is one of the issue of public listed company. Shareholders is interfering too much on the day-to-day operation decision...

Facebook revenue surges but investors are spooked

SAN FRANCISCO — Facebook posted strong growth in its mobile advertising business yesterday (Oct 30) but rattled investors after saying that it did not plan to boost the frequency of ads shown to users.

Shares of the world’s No 1 online social network soared as much as 15 per cent in extended trading before suddenly falling to US$47.40 (S$58.72), down 3 per cent from its US$49.10 closing price.

In previous quarters Facebook has shown one ad per 20 “stories” in the newsfeed, but Chief Financial Officer David Ebersman told analysts yesterday that the current ratio, although slightly higher than 5 per cent, would not increase much more going forward.

Mr Ebersman’s comments, combined with remarks suggesting that young teenage users were beginning to use Facebook less frequently, soured the mood abruptly on an afternoon when the company topped Wall Street’s targets with a whopping 60 per cent increase in revenue, driven by its accelerating mobile business.

“There seems to be concern about the ad load not going up,” said BTIG analyst Richard Greenfield.

But Mr Greenfield said he believed investors were overreacting, noting that the real impetus behind Facebook’s rapidly growing top line has been an increase in its advertising prices, rather than the volume of ads.
Have you notice it yet...?

Teenagers ditching Facebook for messenger apps

LONDON — Facebook made a startling admission in its earnings announcement this month: It was seeing a “decrease in daily users, specifically among teens”. In other words, teenagers are still on Facebook; they’re just not using it as much as they did. It was a landmark statement, since teens are the demographic who often point the rest of us towards the next big thing.

Their gradual exodus to messaging apps such as WhatsApp, WeChat and KakaoTalk boils down to Facebook becoming a victim of its own success. The road to gaining nearly 1.2 billion monthly active users has seen the mums, dads, aunts and uncles of the generation who pioneered Facebook join it too, spamming their walls with inspirational quotes and images of cute animals, and (shock, horror) commenting on their kids’ photos.

No surprise, then, that Facebook is no longer a place for uninhibited status updates about pub antics, but an obligatory communication tool that younger people maintain because everyone else does.

All the fun stuff is happening elsewhere. On their mobiles.
It seems a new popular toy of youths, the Snapchat. Anyone using it?

Snapchat rejected S$3.74b bid from Facebook: Report

SAN FRANCISCO — Mobile messaging startup Snapchat rejected an acquisition offer from Facebook that would have valued the company at US$3 billion (S$3.74 billion) or more, according to a Wall Street Journal report yesterday (Nov 13).

Facebook representatives reached out to Snapchat in recent weeks to discuss the all-cash deal, which would have been Facebook’s largest acquisition ever, the report said, citing anonymous sources.

Facebook declined to comment. Snapchat could not immediately be reached for comment.

Snapchat, which allows consumers to send smartphone photos which automatically disappear after a few seconds, has proven popular among teenage users.
It should be a good news to FB shareholders...

Facebook to join S&P 500 index

CALIFORNIA — Standard & Poor’s yesterday (Dec 11) said Facebook will join its S&P 500 stock index after the close of trading on Dec 20, cementing the social media network’s rise into one of the biggest, most powerful United States companies.

The decision follows Facebook reporting its fourth straight profitable quarter in October, one of the criteria that S&P uses to determine eligibility for the index.
With about $55 per share, 41 million shares is worth than $2.2 billion, and in cash...

Facebook to offer 70 million shares

MENLO PARK (California) — Facebook said it plans to offer 70 million shares of stock for sale that includes more than 41 million shares from chairman and Chief Executive Mark Zuckerberg.

The secondary offering of stock comes as the social media network prepares to join the Standard & Poor’s 500 index.

The Menlo Park, California, company said today (Dec 19) that the shares will be offered mainly to index funds whose portfolios are based on stocks included in the index.
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