King.com broke 300 million month active users on Facebook Wednesday, according to AppData. That puts the newly public company at more than triple the MAUs of Zynga on the same platform. So far, King.com’s debut on the New York Stock Exchange has been rocky: Shares closed trading Wednesday at $19 each, more than 15 percent lower than the offering price.
Virtual reality will soon be actual reality at Facebook, as the social network announced its acquisition of immersive virtual reality technology company Oculus VR — maker of the Oculus Rift virtual reality headset — in a deal worth about $2 billion.
Facebook Chief Operating Officer Sheryl Sandberg took advantage of the fact that Facebook’s share price crossed the $70-per-share barrier this week, unloading more than 280,000 shares in the company and bringing her personal holdings under the 10 million-share mark, according to her Form 4 filing with the Securities and Exchange Commission Wednesday.
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?
Facebook Co-Founder and CEO Mark Zuckerberg took the stage at last year’s TechCrunch Disrupt conference in San Francisco, where he discussed topics including the social network’s focus on mobile, brain drain at the company, its initial public offering, search, and his vision for the future. What will he do for an encore?
On May 18, 2012, Facebook became a publicly traded company. Facebook’s stock has had some definite peaks and valleys since then. The value of the company has yet to reach its opening mark of $38 per share, settling in the $26-$28 neighborhood. MarketWatch compiled a timeline of Facebook’s year after the initial public offering.
In an exclusive interview with CNBC, Facebook Chief Operating Officer Sheryl Sandberg touched on several topics, including the social network’s initial public offering and share price slump; the company’s mobile issues; skepticism over advertising on social networks; new business opportunities for Facebook; privacy; and the economy.