Boston, MA 02/06/2014 (wallstreetpr) – Facebook Inc (NASDAQ:FB) has been facing a few challenges in the recent past with revelations that it might have as many as 137M fake accounts under its belt despite commanding the role of the largest social network. This however seems not have hampered its positive results in the market having recorded positive earnings for the fourth quarter of F2013. Recent dislikes emanate from its latest features that seem not to have gone well with many of the social network fanatics. A survey released recently indicate that many people are not happy with the sharing of excessive information in the network as they feel it is impeaching on their privacy.
Dislikes have not had a major impact
Despite receiving 36% of dislikes on the new features, the survey has found out, that the features have not kept away the users. The social network commands a huge user base of 1.2 billion with 46% of the users happy with the sharing of videos and photos in the network. With mobile usage increasing with each day things can only get better for the mega social network firm. It is being reported that up to 62% of its users use FB every day
FB strong numbers
Facebook Inc. (NASDAQ:FB) enjoyed one of its best years in 2013, seeing its sales coming in at highs of $7.9 billion an increase of 55% on a year over year basis. The company posted earnings per share of $0.60 a huge increase compared to what was recorded in F2012. Its cash balance were a total of $11.5 billion making it the largest social network on the planet a space that enabled it raise a total of $1.5 billion with additional offering.
Facebook Inc. (NASDAQ:FB) was one of the inactive companies on the stock exchange on Wednesday closing the day at a stable price of $62.19, a slight drop of 0.89%
