Chief Executive Officer of Facebook Inc (NASDAQ:FB), based in Menlo Park, California, Mark Zuckerberg reported that his difficult job immediately is figuring out how to get used to the world’s biggest social network to mobile gadgets.
Facebook Chief Zuckerberg stated in an interview from the Allen & Co media conference in Sun Valley, Idaho that taking Facebook’s features to portable devices was not easy as the user experience was so unusual than on desktop computers. In the meantime Zuckerberg played down the difficulties of running a newly public corporation.
Zuckerberg, who started Facebook 8 years ago from his dorm room at Harvard University, stated that things were not much different and he concentrated on building new product.
The Menlo Park, California- based Facebook is under pressure to get additional advertising revenue from its mobile service so as to maintain growth.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Google Inc (NASDAQ:GOOG) rose +1.06% to settle at $576.52, Yahoo! Inc (NASDAQ:YHOO) moved up +0.32% to end at $15.74 while Microsoft Corporation (NASDAQ:MSFT) jumped +2.65% to finish on Friday at $29.39.
Facebook Inc (NASDAQ:FB) last session volume of 8.12 million shares was surprisingly lower than its average volume of 29.33 million shares. The stock after opening at $31.04 hit high price of $31.07 and then closed at $30.72 by scoring -0.29%.
The liquidity measure in recent quarter results of the company was recorded 4.52 as current ratio and on the other side the debt to equity ratio was 0.13 and long-term debt to equity ratio also remained 0.08. The Company had total cash at hand $3.91 billion and a book value per share as $2.95 in the most recent quarter.
The stock price volatility was 2.92% for a week and 3.66% for a month as well as price volatility’s Average True Range for 14 days was 1.13.
FB generated revenue of 3.71 billion in the following twelve months and earned $668.00 million. The Company showed a positive +26.95% in the net profit margin and as well as in its operating margin which remained 47.32%.
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