Social Media

What’s Happening With Facebook’s Stock?

Facebook closed today at 20.62 +0.34‎ (1.68%‎)

What’s happening with Facebook’s stock? It’s about to start climbing back to a higher price. The reason: mobile.
Last week Facebook announced that it will incorporate targeted ads on its mobile outlets. Right now it only has 2.8% of the mobile market. With the large number of members Facebook’s network could be even bigger than Yahoo’s.

To me even the IPO estimates seemed low to start at $38.06 on opening day was surprising. I can’t believe that a company already worth billions – can be valued at such a low estimate.

Two big worries investors don’t want another Zynga or Groupon.Both of these tech stocks have floundered.

Will Facebook turn around enough so it’s stock price rivals Google?

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