Boston, MA 02/07/2014 (wallstreetpr) – Facebook Inc (NASDAQ:FB) has come up with new features on its site, which most of its users do not approve, and are willing to show just how much they dislike them. The problem for FB is that it needs to continue on the same path it has been all along, which has seen it emerge from a tough post-IPO period to make it one of the most sought-after stocks. On the other hand, if the company is to continue on this path of recovery and sound financial decisions that boost investor confidence, it has no time to introduce features that will drive customers away.
Recently, Facebook Inc (NASDAQ:FB) had to face concerns regarding the fact that it has more than 137 million fake accounts. Before that piece of news is digested, customers and regular daily active users of the biggest social media site in the world are now voicing their disapproval for the new features that the company has installed. One of the most disliked features on this mega social media platform, is the fact that users are forced to share too much information on their profiles, which they believe will not work well in terms of increasing the protection they need for their privacy.
After a recent survey on its new features, Facebook Inc discovered that 36 percent of all users disapprove of these new additions. However, of interest is the fact that with this huge amount of dislikes, this has not kept or driven the daily active users away from Facebook. More than 46 percent of the daily active users have a deep love for the new features and feel no problem with sharing videos and photos with their contacts on Facebook. The social media site currently boasts of 1.2 billion active users, a number that is not under any threat anytime soon.
Generally, Facebook Inc (NASDAQ:FB) had its best year in 2013, in terms of financial results. It reported $7.9 billion in sales for the year as a whole, which represented an increase of roughly 55 percent from the previous year’s figures. The company’s earnings per share of $0.62 was a massive increase from what FB reported for the 2012 financial year. At the end of the 2012 financial year, FB had a cash balance of around $11.5 billion, a figure that proves it remains the biggest social media site in the entire world. With additional offering, the company managed to raise $1.5 billion.
In summary, Facebook Inc (NASDAQ:FB) has been enjoying a very good moment of late. The company continues to see its numbers growing in terms of daily active users, which is then leading to higher revenues and better profits than it has ever made since it went public. Currently, one could say that the company’s biggest threat comes from within. The fact that 36 percent of its users strongly dislike the sharing of information, which they believe is too much, has not had a negative impact on the company’s outlook thus far and this should put the minds of all shareholders at ease.
