Facebook's stock opened at $77 a share on Wednesday, pushing the
company's market cap above $200 billion for the first time. That's
roughly double what Facebook's market cap was when it went public in May
of 2012.
To put that in context: Facebook's market cap is now higher than IBM
($192 billion), Amazon ($158 billion) and Pfizer ($186 billion). Of
course, it still has quite a way to go to catch up to Microsoft ($370
billion), Google ($397 billion) and Apple ($605 billion).
See also: Google Glass is Getting a Second Look from Businesses
The stock surged
in late July after Facebook soundly beat Wall Street estimates with its
second quarter earnings result. Facebook's revenue for the quarter came
in at just under $3 billion, a gain of more than 60% year-over-year,
thanks to strong growth in mobile ad revenue.
Investors and analysts are also optimistic about Facebook's potential
to monetize on platforms like Instagram, Messenger and WhatsApp (when
the acquisition goes through), though execs at the company have noted
these efforts will happen slowly.
It's a marked turnaround for a company that almost exactly two years
ago saw its stock plummet to less than half its IPO price — driven by
concerns about stock lockup expirations and its ability to shift to
mobile — giving Facebook a market cap of less than $50 billion.
Original Post : http://mashable.com/2014/09/03/facebook-200-billion/
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