{"id":40579,"date":"2013-08-02T04:07:53","date_gmt":"2013-08-02T08:07:53","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=40579"},"modified":"2013-08-02T04:07:53","modified_gmt":"2013-08-02T08:07:53","slug":"facebook-share-price-tops-38-flotation","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/08\/02\/facebook-share-price-tops-38-flotation\/","title":{"rendered":"Facebook share price tops $38 flotation"},"content":{"rendered":"<p><strong>By <u><a href=\"http:\/\/blog.hymarkets.com\/\" target=\"_blank\">HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n<p>Shares for the world\u2019s largest social network Facebook has surpassed the initial estimated price of $38 and has advanced as high as $38.31, first time since May 18, 2012.<\/p>\n<p>Ever since the social network company reported the better-than-expected earnings report on July 24<sup>th<\/sup>, Facebook shares have been boosted.<\/p>\n<p>Facebook shares moved back from its high $38.31, to $36.80 at market close in New York.<span id=\"more-2139\"><\/span><\/p>\n<p>The company has been supported by the innovations and fast growth of Facebook\u2019s mobile advertising revenue, as it currently earns 41% of its total revenue from mobile advertising.<\/p>\n<p>In May 2012, the social network floatation started with a disappointing start, as investors and shareholders worried over the company\u2019s slow revenue growth.<\/p>\n<p>The company share price dropped drastically to $18, with approximately $48bn cleared off from Facebook\u2019s stock market value.<\/p>\n<p>The founder of Facebook Mark Zuckerberg is now benefiting from the high demand in ads targeting smart phone users and tablet users.<\/p>\n<p>Last week Facebook said that the figures for tablet and smart phone users rose to 819 million during the second quarter. The company\u2019s revenue rose by 53% to $1.81 billion, exceeding analysts\u2019 sales forecast of $1.62 million.<\/p>\n<p>The world\u2019s largest social-networking site intends to expand and create an additional source of advertising revenue by selling TV commercials on sites for up to $2.5 million a day.<\/p>\n<p>The post <a href=\"http:\/\/blog.hymarkets.com\/world-market-news\/facebook-share-price-tops-38-flotation.html\">Facebook share price tops $38 flotation<\/a> appeared first on <a href=\"http:\/\/blog.hymarkets.com\">| HY Markets Official blog<\/a>.<\/p>\n<p> Article provided by <strong><u><a href=\"http:\/\/blog.hymarkets.com\/\" target=\"_blank\">HY Markets Forex Blog<\/a><\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By HY Markets Forex Blog Shares for the world\u2019s largest social network Facebook has surpassed the initial estimated price of $38 and has advanced as high as $38.31, first time since May 18, 2012. Ever since the social network company reported the better-than-expected earnings report on July 24th, Facebook shares have been boosted. Facebook shares &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2013\/08\/02\/facebook-share-price-tops-38-flotation\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Facebook share price tops $38 flotation&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-40579","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/40579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=40579"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/40579\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=40579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=40579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=40579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}