Facebook Inc (NASDAQ:FB) has begun showing advertisements on Zynga Inc’s (NASDAQ:ZNGA) website as the corporation needs to find new ways to assist marketers reach customers of the world’s biggest social network.
Few users to Zynga’s site are being shown what Facebook names sponsored stories, ads triggered when a world’s major social network member “likes” a certain brand or business on Facebook. These ads earlier only emerged on Facebook’s own site and in its mobile applications.
Facebook spokesperson Annie Ta reported in an e-mailed statement on Friday that people may currently see ads and sponsored stories from Facebook on Zynga.com.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Renren Inc (NYSE:RENN) moves up +1.56% to settle at $4.57, Zynga Inc (NASDAQ:ZNGA) moved up +4.81% to end at $5.99 while Groupon Inc (NASDAQ:GRPN) decreased -0.94% to finish on Friday at $10.40.
Facebook Inc (NASDAQ:FB) last session volume of 74.83 million shares was lower than its average volume of 72.38 million shares. The stock after opening at $32.41 hit high price of $33.45 and then closed at $33.05 by scoring +3.80%.
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%.
The FB past twelve months price to sales ratio was 19.04 and price to cash ratio remained 18.07. The stock showed weekly upbeat performance of +10.13% while the YTD performance remained at -13.55%.
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