Facebook market capitalization exceeded $ 100 billion benefit from mobile advertising
Baku, August 28 (AZERTAC). According to foreign media reports, Facebook market capitalization exceeded $ 100 billion mark on Monday, because the market optimistic about the world`s largest social network to boost revenue through mobile advertising.
Today, the stock closed at $ 41.34, up 1.9%. It earlier rose as high as $ 41.94, the highest 18 May 2012 listing the highest intraday price since that day. Facebook stock has accumulated this year, an increase of 55%, well above the S & P 500 Index over the same period by 16%. So far, Facebook market capitalization reached $ 100.676 billion,
In the first public offering (IPO) financing of $ 16 billion hit record high technology stocks, the market for Facebook`s ability to sell more mobile ads full of questions, so share price under pressure. Last September, the stock had fallen to $ 17.73.
Facebook IPO share price is close to its record of $ 45 intraday highest level in history. Unit since July 24 announced more than analysts expected quarterly earnings soared 56% since the total. Facebook announced last week reported a mobile advertising in the second quarter of the total advertising revenue of 41%, marking the company`s significant progress in the mobile space.
With a market capitalization of $ 100.7 billion, Facebook ranks among the ranks of one hundred billion U.S dollars of the technology companies. Its market capitalization with Amazon ($ 130 billion) and Intel ($ 111 billion) are similar, but still far lower than Apple ($ 450 billion) and Google ($ 289 billion).
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