Facebook’s ‘mobile first’ strategy pays off on Wall Street (Phys)
Just one year ago, the world’s largest social network was in Wall Street’s doghouse. Facebook Inc (NASDAQ:FB)‘s highly touted stock market debut had fizzled, and the company’s share price was spiraling lower and lower, as critics charged that youthful CEO Mark Zuckerberg had somehow missed one of the biggest shifts to hit the tech industry in years. After all, by spring 2012, hundreds of millions of people were already using smartphones or tablets, instead of PCs, to keep in touch with friends on the social network. Yet Facebook Inc (NASDAQ:FB), whose business is built on advertising revenue, acknowledged it had virtually no ability to show ads on mobile screens.
Nonstop Facebook Over Oceans Coming Soon to Jet Near You (Bloomberg)
Airline passengers pining for faster in-flight Internet access anywhere in the world — even over the oceans — are about to get their wish as satellite operators find success where The Boeing Company (NYSE:BA) failed a decade ago. …“When you’re stuck going far over the Atlantic for nine hours, there’s only so many movies you can watch,” said Matt Kepnes, who flies to Europe and Southeast Asia about once a month for his New York-based travel blog, Nomadic Matt. “I like getting on my computer and chatting on Facebook Inc (NASDAQ:FB) and talking to my friends, checking my e-mail and getting some work done.”
Facebook copies Twitter and begins experimenting with trending topics (Canada)
In an obvious effort to copy Twitter, Facebook Inc (NASDAQ:FB) is testing a new feature called trending topics. According to AllThingsD, Facebook Inc (NASDAQ:FB) has been experimenting with the concept of trending topics since Wednesday. Mashable has also confirmed trending topic’s existence with a Facebook Inc (NASDAQ:FB) representative. “Today we started running a small test that displays topics trending on Facebook Inc (NASDAQ:FB),” a Facebook Inc (NASDAQ:FB) rep told Mashable. “It is currently only available to a small percentage of U.S. users who use Facebook Inc (NASDAQ:FB)’s mobile web site (m.facebook.com) and is still in very early stages of development.”
Moving Average Crossover Alert: Facebook (Zacks)
Facebook Inc (NASDAQ:FB) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for Facebook Inc (NASDAQ:FB) broke out above the 200 Day Simple Moving Average, suggesting a short-term bullish trend. This has already started to take place, as the stock has moved higher by 58.6% in the past four weeks. Plus, the company currently has a Zacks Rank #2 (Buy) suggesting that now could definitely be the time for this breakout candidate.