Boston, MA 06/20/2013 (wallstreetpr) – The share prices of Facebook Inc (NASDAQ:FB) had surged by 0.41 percent to close at $24.31 per share for the end of last trading session on Wednesday. The shares of the company had been trading in the range of $24.10 to $25.19 per share during the day. The shares of Facebook Inc (NASDAQ:FB) had recorded 52 week low price level of $17.55 per share and 52 week high price level of $33.45 per share.
The Chief Executive Officer of Facebook Inc (NASDAQ:FB) had recently discussed potential partnerships with Sin Jong Kyun, the President of Samsung Electronics Company Ltd. in an effort to improve the mobile advertising revenue for the social networking giant. A recent study by e-Marketer had showed that the social networking site of Facebook Inc (NASDAQ:FB) had gained $47 million in revenue through its mobile advertising segment. This revenue had further been projected to increase by 333 percent to around $2 billion for the current fiscal year.
Mark Zuckerberg visited the offices of Samsung Electronics Company Ltd during his tour in Asia and discussed the potential partnership between the two companies. They further discussed the state of the information technology industry across the global markets. The CEO also commented that Facebook Inc (NASDAQ:FB) will continue to invest in South Korea owing to the country’s importance as an expanding market to the company.
Further, Facebook Inc (NASDAQ:FB) also has plans to provide training opportunities and promote cooperation with small and medium enterprises in the country. The company witnessed the trade of 31.79 million shares on Wednesday, while the average trading volume is at 38.41 shares per day.
Facebook Inc (NASDAQ:FB) presently holds 2.42 billion shares outstanding in the market with an institutional ownership of 34 percent of its holdings.
