If there were any doubts that Facebook is now a mobile company, the social network’s fourth-quarter earnings call Wednesday quashed them all, as mobile ad revenue during the period topped the $1 billion mark for the first time, at $1.25 billion — higher than the company’s total revenue in the fourth quarter of 2012 — and it also accounted for more than one-half of total revenue for the first time, at 53 percent.
Initial Public Offering
The billionaires club welcomed a new member at the close of trading Tuesday, as Facebook Chief Operating Officer Sheryl Sandberg saw her net worth top the $1 billion mark when the social network’s stock closed at $58.51 per share, Bloomberg reported.
Facebook went public May 18, 2012, and its stock has endured its ups and downs, starting with the technical issues experienced by Nasdaq on its first trading day. But is Facebook stock a good investment today?
U.S. District Judge Robert Sweet ruled that Facebook, Co-Founder and CEO Mark Zuckerberg, and several banks must face a lawsuit by investors over the social network’s bungled May 2012 initial public offering, Reuters reported.
Why Did Facebook Finish Fifth On Glassdoor’s 50 Best Places To Work In 2014 After Topping The 2013 List?
The good news for Facebook is that it finished at No. 5 on the list of the 50 Best Places to Work in 2014, compiled by social jobs and career community Glassdoor based on input from anonymous employees at the respective companies. The bad news for Facebook is that it fell to No. 5 from No. 1 on the 2013 list.
The Financial Industry Regulatory Authority capped the total payout by Nasdaq parent Nasdaq OMX Group to financial firms over the technical difficulties that plagued Facebook’s May 2012 initial public offering at $41.6 million, down from the $62 million the stock exchange initially set aside to compensate affected brokers, Reuters reported.
Facebook Co-Founder and CEO Mark Zuckerberg is making a rare appearance in Washington, D.C., this week. Zuckerberg has been raising his political profile since the company went public in May 2012, and this trip is a highly visible extension of that strategy.
If and when Facebook finally launches video ads, it will do so without Justin Shaffer, a project manager who had been helping to lead that initiative, as Shaffer’s last day at the social network will be Wednesday, The Wall Street Journal’s Digits blog reported.