Boston, MA 05/21/2013 (wallstreetpr) – Monday’s trading session saw Facebook Inc (NASDAQ:FB) down by 1.87%. The closing price of $25.76 climbed to an intraday high of $26.19 before settling down to close at $25.69 per share. Around 42.40 million shares were traded in the last trading session, which stood above the average volume of 34.90 million that was measured over a 30 days.
On the eve of its first IPO anniversary, Menlo, California-based Facebook has successfully revved up revenue of $1.46 billion in its report for the quarter. This has risen by 36 percent from the $1.06 billion that it stood at, a year ago. However, just as FB has followed-up fastidiously on its decision to ramp up its advertising efforts, it’s not yet clear whether the users are appreciative of it. The company has been trying to change the traditional concept of advertising only at the top right hand corner of the website. That is exactly what the company was doing before it filed its IPO. Facebook Inc (NASDAQ:FB) launched ads for the first time on News Feed and mobile devices.
It also created “special widgets” for various ads that promote the installments of third-party applications. FB also launched a small e-commerce store, the response for which still has to pick up pace. Facebook had said a year ago that it was never originally created to actually be a company. It was created to accomplish the social mission of opening up the world and making it more connected.” The company has managed to shine through on both fronts.
