Finally Facebook has impressed Wall Street after
more than one year.
Its maximum opening price since the day after it
went public last May, after smashing Wall Street's expectations with its second
quarter earnings report. On Thursday stock opened over $33 a share, its highest
opening price since the day after it went public last May, after crashing Wall
Street's hopes with its second quarter income details.
The stock surged extra than 30% suddenly as
Facebook hit earnings and income estimates for the quarter and, maybe more
prominently, came in well to the front of potential for mobile development, a
key concern for shareholders. The number of monthly Facebook active users on
mobile enlarged 51% year-over-year to 819 million. It’s a great Achievement and
really good news for all shareholders. 41% of Facebook's total income is now
from mobile ads, up from basically zero a tiny over a year ago and beating
approximations that it would be about 33% of total profits for the quarter.
Facebook temporarily deal over $32 a share in
January after having crash down to as low as $17.55 — half its IPO price — a
few months earlier. Facebook went public at $38 a share, but after its first
day on the public market, it has never traded at or beyond that spot The surge
in stock price added $15 billion to Facebook's market cap during the night:
When it was closed Wednesday, Facebook was with the market cap of about $64
billion and when it was opened, it was with a market cap of more than $80
billion.
Attractive currency is also added to CEO Mark
Zuckerberg's personal net worth. On Wednesday Zuckerberg's total Facebook
shares were worth about $16.2 billion. As of Thursday morning, the worth of
those shares is now more than $20 billion.
In other words it can be said that Mark
Zuckerberg's net worth increased by around $4 billion overnight.
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