Facebook's shares reached record highs due to mobile ad revenue. Shares of the social networking giant skyrocketed back to their pre-listing level for the first time since its initial public offering.
Tags: Facebook
Facebook hires first marketing chief from Google
Facebook hired Gary Briggs from Google's Motorola Mobility as its first ever marketing chief. Facebook hired Gary Briggs, Motorola Mobility's former chief marketer, to be the social networking site's first ever chief marketing officer.
Facebook believes US$2.5 million per day for 15-second video is reasonable
Facebook believed that advertisement price US$2.5 million per day was reasonable considering the potential of 1 billion users watching the 15-second long video ad.
LinkedIn stock rally persists even with trailing projection
The stocks of LinkedIn surged up to 10% today even with trailing revenue projections. Today, LinkedIn stocks rose up to 10% after the company reported its second quarter earnings.
Facebook to launch 15-second ad video for US$2.5 million each day
Facebook would launch a 15-minute ad video that would cost US$2.5 million per day for advertisers. Facebook planned to launch video ads into the news feeds of users that would last for 15 seconds.
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Media reports of Facebook becoming "uncool" for teens was not true. There were media reports saying that teens were deserting Facebook. Teens were Facebook's very first market.
After the end of Facebook and Zynga's agreement, the web network said that they will publish their own games on the social platform.
Zynga filed legal action against "Bang With Friends" for copyright infringement. "Bang With Friends," the provocatively named "casual sex matchmaking application" faced legal action from social game developer Zynga.
Airomo stated that there were many problems in the app business that would make the industry less profitable.
JPMorgan reissued overweight rating for Facebook shares as per a research report released Thursday. JPMorgan Chase & Co. reissued an overweight rating for Facebook shares, according to a research report released Thursday.
Dan Morris of Facebook will discuss mobile gaming at the Casual Connect conference. A Casual Connect conference will be held in San Francisco this week.
Facebook can make more money by offering to remove Newsfeed ads for a monthly fee, according to Greenlight.
Despite posting strong results, Facebook was not able to carry Zynga's stocks due to massive player loss.
Facebook and Apple rose with the mobile internet shift. There has been a shift to mobile internet and two big technology firms were feeling its effects positively.
