On May 18th, 2012, Facebook went public at a per-share price of $38. The company experienced a brief gain, spiking into the 40s, but ended its first day of trading just a few cents above the set $38 price. The following days saw the stock decline, under its listing price. The stock would fall as low as $17.55 before it began a period of recovery. As Facebook has grown its income from mobile users, and proven that its desktop market share … [Read more...]

Facebook debuted on the Fortune 500 list at spot number 482. Yahoo came in 12 spaces behind, at 494. The Fortune 500 list is comprised of the 500 largest United States-based companies, ranked by revenue, not profits. For the most recent list, Facebook’s listed $5.1 billion in revenue bested Yahoo’s $5 billion by a small edge. The top of the list is what you expect: larger petro-companies and Berkshire Hathaway, capped by Walmart. … [Read more...]

Today Facebook reported its first quarter earnings, including revenue of $1.46 billion and earnings per share of $0.12. Analysts had expected Facebook to have revenue of $1.44 billion, and earnings per share of $0.13. The company’s net income for the period on a GAAP basis totaled $219 million, and $312 on a non-GAAP basis. Ad revenue as a whole for the firm was up 43% from the year prior. Non-ad income for Facebook totaled $213 million in … [Read more...]

Today Facebook and Hot Studio announced that the team behind the design and user experience company would be joining the social giant. Though the term ‘acquihire’ wasn’t directly employed, the terms of the deal are not ambiguous: “Facebook has agreed to acquire the talent behind Hot Studio,” the smaller company stated. Facebook, citing work between the two companies, stated that it “recognized the synergy … [Read more...]

Today Facebook announced Mobile DevCon, a series of mobile development conferences that will occur in 2013 in New York City, London, and Seoul. The New York event will take place on April 18th, while the London event will occur on May 2nd. The Korean event is the last of the three, and takes place on May 7th. According to the company’s announcement, the events are designed to “give attendees the opportunity to connect with Facebook … [Read more...]