Facebook Inc (NASDAQ:FB) is making a smartphone App that will track the location of mobile gadget users, according to 2 persons with knowledge about the plans, boosting attempts to take advantage from growing use of social media on mobile computers.
One of the people, who refused to be identified as the plans are secret, stated that the application is designed to assist users find nearby friends and would run even when the application is not open on a mobile gadget.
The world’s biggest social network site owner is adding features to assist it profit from the hiking portion of its over 1 billion users who access the service via handheld gadgets.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. AOL, Inc. (NYSE:AOL) fell -1.11% to settle at $30.42, SINA Corp (NASDAQ:SINA) moved down -5.10% to end at $53.64 while FriendFinder Networks Inc (NASDAQ:FFN) dropped -2.67% to finish at $0.730 on Monday.
Facebook Inc (NASDAQ:FB) last session’s volume of 92.36 million shares was higher than its average volume of 71.17 million shares. The stock after opening at $29.06 hit high price of $G and then closed at $29.20 by scoring -5.45%.
FB generated revenue of $5.09 billion in the previous twelve months and earned $32.00 million. The Company showed a positive 1.04% in the net profit margin as well as in its operating margin which remained at 10.57%. Company’s annual sales growth for the past five years was 101.55%.
The FB’s past twelve months’ price to sales ratio was 11.97 and price to cash ratio remained 6.33. As far as the returns are concerned, FB’s return on equity was recorded as 0.40% and return on investment increased 0.54% while its return on asset stayed at 0.49%.
The stock showed weekly downbeat performance of -13.43% which was maintained for the month at 1.22%. Likewise the positive performance for the quarter was recorded as 32.53% and for the YTD performance remained at 5.59%.
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