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Thursday, October 25, 2012

Facebook: strong growth in stock market

Since its IPO in May last action Facebook had never been to such a party. If it remains far from its IPO price of $ 38, the Facebook share jumped 19.13% Wednesday to close at 23.23 Nasdaq dollars. Day during which she went to exceed $ 24.

The performance is all the more remarkable in a climate where technology stocks declined -0.34%. After weeks terrible marked by sharp decreases, Facebook began action to regain some feathers last month.

Yesterday, it had its strongest growth. No secret, the announcement last Tuesday Group's financial results reassured investors.

These results were higher than analysts' expectations. If Facebook still shows a net loss of $ 59 million, the social network has given rise to hope in its ability to monetize its huge mobile audience.

In the third quarter, Facebook generated $ 1.09 billion in advertising revenue nearly 14% ($ 150 million) from mobile.

A result even though the group's advertising products are only suitable for a few months for a consultation on mobile. CEO and co-founder of Facebook, Mark Zuckerberg, has denounced the "myth" that his group could not make money on mobile.

 An area that has become the priority. The results will obviously be confirmed in the coming months. In September 2012, Facebook recorded 1.01 billion active users and 604 million active users on mobile.

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