Facebook Value Tops $200bn As Shares Rise

Facebook's value has soared above $200bn (£124bn) for the first time, making it the 22nd biggest company in the world.

The milestone was reached in trading on Monday with the social network's market capitalisation - the total value of its shares - reaching $202.5bn when the Nasdaq closed for business.

Each share was worth $77.89 - more than double the amount demanded per share when Facebook made its troubled stock market debut in May 2012.

Analysts were quick to point out that the valuation was achieved at a faster pace than rival Google, which is now worth double Facebook's value at just over $4bn at current prices.

Google took more than three years to reach the milestone after its flotation in 2004, though its growth was later hindered by the effects of the financial crisis in 2008.

Both companies have since been battling for greater revenue from online advertising - with Facebook benefiting particularly from the rise in mobile devices.

Its stock rose 0.8% on Monday after an internal report highlighted progress in its video business - another advertising growth stream.

Revenue per user for the 3 months to June 30 was $2.21 compared to Twitter's $1.15 for the same period.

Facebook's strategy of buying-up businesses, such as WhatsApp, that could threaten its social network dominance has also reaped rewards for investors.

Among them, of course, is Facebook founder Mark Zuckerberg himself, whose personal wealth has shot up to $34.5bn, according to the Bloomberg Billionaires Index.

Under his leadership, Facebook is looking to grow revenues from developing countries as their access to the internet expands.

It now has 100 million active users in Africa, and 80% of those were using mobile devices.

Anda sedang membaca artikel tentang

Facebook Value Tops $200bn As Shares Rise

Dengan url

http://cembururabun.blogspot.com/2014/09/facebook-value-tops-200bn-as-shares-rise.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Facebook Value Tops $200bn As Shares Rise

namun jangan lupa untuk meletakkan link

Facebook Value Tops $200bn As Shares Rise

sebagai sumbernya