Facebook Inc. (FB) Rises 1.08%

Facebook Inc. (FB) Rises 1.08%

Facebook Inc. is a Facebook is the world’s largest online social network, with 2.5 billion monthly active users.

Among the biggest risers on the S&P 500 on Tuesday February 09 was Facebook Inc. ($FB), popping some 1.08% to a price of $269.45 a share with some 14.4 million shares trading hands.

Starting the day trading at $266.44, Facebook Inc. reached an intraday high of $273.39 and hit intraday lows of $265.75. Shares gained $2.87 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been n/a of its 2.85 billion share total float. Today’s action puts the stock’s 50-day SMA at $n/a and 200-day SMA at $n/a with a 52-week range of $137.11 to $304.68.

Facebook is the world’s largest online social network, with 2.5 billion monthly active users. Users engage with each other in different ways, exchanging messages and sharing news events, photos, and videos. On the video side, the firm is in the process of building a library of premium content and monetizing it via ads or subscription revenue. Facebook refers to this as Facebook Watch. The firm’s ecosystem consists mainly of the Facebook app, Instagram, Messenger, WhatsApp, and many features surrounding these products. Users can access Facebook on mobile devices and desktops. Advertising revenue represents more than 90% of the firm’s total revenue, with 50% coming from the U.S. and Canada and 25% from Europe. With gross margins above 80%, Facebook operates at a 30%-plus margin.

Facebook Inc. has its corporate headquarters located in Menlo Park, CA and employs 58,604 people. Its market cap has now risen to $767.47 billion after today’s trading, its P/E ratio is now n/a, its P/S n/a, P/B 5.95, and P/FCF n/a.

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