The 30-mintue-attendence of Facebook CEO Mark Zuckerberg to a conference held last week has positively affected the company’s position in the financial market. The market value of Facebook has increased up to $ 6.785 billion.
Facebook’s share has achieved an increase of 6.2% in the standard market session held on Friday at Wall Street stock market, recording $ 22 per share. This increase will reassure investors of improvement, especially after the decline recorded in the initial public offering last May.
Analysts attributed the progress led by the company to its new solutions for advertising services, which facilitate communication between customer and service provider. This has, in turn, made good impression on the investors.
Despite the fact that Facebook is the top social network, having about 955 million users, investors and analysts believe that Facebook still experiences a number of problems, including a slowdown in performance and growth of shares’ revenue. They highlighted that the shares’ revenues amount to $ 38, which is very much less than the supply price.
