Welcome Guest! To enable all features please Login or Register.

Notification

Icon
Error

Options
View
Go to last post Go to first unread
Offline paul  
#1 Posted : Friday, July 25, 2014 5:40:24 AM(UTC)
News


Rank: Member

Reputation:

Groups: Registered
Joined: 9/23/2007(UTC)
Posts: 25,073

Was thanked: 3 time(s) in 3 post(s)
It seems like a century has passed since Facebook's IPO and subsequent stock performance came under scrutiny. Turns out all Facebook needed was to post a stellar earnings report, as it did earlier this week, and investors would be frothing at the mouth to own a chunk of the world's most popular social playground. In the aftermath of Facebook's latest earnings report, the company's share price sky rocketed to record levels, and it's now worth more than several long-time heavyweights such as AT&T and Coca-Cola.

At the time of this writing, Facebook shares are worth about $75.50, putting the company's market capitalization at just a hair below $192 billion. AT&T, which was founded in 1983, has a market cap of $185 billion, while Coca-Cola is sitting at $179.5 billion after 122 years of doing business.

Facebook

It's hard to tell if the excitement is starting to wane, or if Facebook has more momentum it can tap into from its latest earnings report. On Thursday, investors sent shares of Facebook to a record high $76.74, which in turn bumped the company's market cap up to almost $194 billion (as a point of reference, IBM's market cap is $196 billion). Not bad for a firm that only has virtual assets. Though it's trading at a lower price today, it's trending upwards in the early morning hours.

In addition to Facebook's high stock price and market cap, it's the speed at which all this is taking place that's also impressive. It took Apple around 30 years to reach the point where Facebook is today (in terms of market cap), while Google needed five years. Facebook has only been a publicly traded company for a little over two years.
Offline ThomasTaege  
#2 Posted : Friday, July 25, 2014 7:38:52 AM(UTC)
ThomasTaege


Rank: Member

Reputation:

Groups: Registered
Joined: 4/15/2013(UTC)
Posts: 133
Location: Chandler, AZ

No matter how you feel about Facebook it's just a fact that they defied the social network odds and developed a must have system. It's no surprise to me that they are doing so well.

Offline Drachen  
#3 Posted : Friday, July 25, 2014 9:52:38 AM(UTC)
Drachen


Rank: Member

Reputation:

Groups: Registered
Joined: 7/24/2014(UTC)
Posts: 16

Can somebody explain to me why this trash organization is worth anything? Especially worth more than AT&T and Coca-Cola?

Offline CliffVincent  
#4 Posted : Saturday, July 26, 2014 3:21:59 AM(UTC)
CliffVincent


Rank: Member

Reputation:

Groups: Registered
Joined: 7/28/2013(UTC)
Posts: 209

wow i havent heard about coca colas worth in a long time

Offline g00fb4ll  
#5 Posted : Saturday, July 26, 2014 3:43:09 AM(UTC)
g00fb4ll


Rank: Member

Reputation:

Groups: Registered
Joined: 7/26/2014(UTC)
Posts: 3

Don't worry, this is about the time a serious market correction occurs, hopefully not like last time.

Offline DennisWilliams  
#6 Posted : Sunday, July 27, 2014 5:33:26 AM(UTC)
DennisWilliams


Rank: Member

Reputation:

Groups: Registered
Joined: 6/25/2014(UTC)
Posts: 36

Wow i can't believe that face book is worth that much. Thought coca-cola was worth a lot more.

Offline iByTheWay  
#7 Posted : Sunday, July 27, 2014 6:35:09 AM(UTC)
iByTheWay


Rank: Member

Reputation:

Groups: Registered
Joined: 7/25/2014(UTC)
Posts: 8
Location: Virginia, USA

I'm really surprised that Facebook's success is so lasting, especially when the social media market is so over-saturated. They pulled the Apple of social media and made it seem like you need a Facebook and apparently it worked.

Users browsing this topic
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.