Facebook shares soar after delivering results
After a fairly disastrous start for Facebook in the bag, things seem to be improving and the social network posted its biggest rise in a day since it came to the stock market. During today’s action Facebook rose about 19%, closing at USD $ 23.23.
This is in sharp contrast to the sharp drop happened in the previous months, reaching halving its market value since it began trading in May.
Changes mind about how it Facebook seem to reflect the company cause doubts among investors, perhaps faced with a business model out of the ordinary. The results showed yesterday that sales of the company rose 32%, and that 14% of advertising sales were done on mobile platforms, which was enthusiastically received.
The challenges of the mobile world are becoming important for technology companies, which are looking for ways to raise revenue as users change from PC browser to navigate to other teams what they like.
A Facebook shares still have a long way to recover the initial price at which they entered the bag, at $ 38. However, this rebound in the price anyway arrives just in time for the employees of the social network, which will start selling its shares as of October 29, when they last restrictions were imposed at the time of opening the company to bag.
Link: Facebook posts largest single-day gain (NYTimes)Tags: Actions, Bag, Facebook, price