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Facebook Inc (FB) News: Infamous IPO, Privacy Controversy & More

Editor’s Note: Related tickers: Facebook Inc (NASDAQ:FB)

Facebook Inc (NASDAQ:FB)Facebook (FB) is the Toast of Wall Street… Again (StreetInsider)
Facebook Inc (NASDAQ:FB) was the talk of the town Thursday following “blow-out” second quarter earnings results. The stock of the social media giant has not seen this much attention since its infamous IPO flop in May 2012. In its public debut, shares of Facebook Inc (NASDAQ:FB) priced to the public at $38 per share, opened at $42.05, and then went into a precipitous downward spiral – falling as low as $17.55. The IPO performance left a bad taste in the mouth of many main street investors, which were clamoring for, and in many cases given, a piece of the action.

A few ideas for making Facebook even more horrible (Yahoo)
Facebook Inc (NASDAQ:FB) has been telling us for years — with every privacy controversy, every indifferently received new feature, every complained-about redesign — that it is striving to build a better product. We all know that this hasn’t happened: Facebook Inc (NASDAQ:FB) remains a slightly useful and obligatory service that, on its best days, serves as an occasional source of entertainment, just as it was years ago. So maybe it’s time for a new tactic. Instead of considering how Facebook Inc (NASDAQ:FB) could be better, how could it become even more horrible than it already is? Forget this whole “connect with friends” utopia. Just make Facebook Inc (NASDAQ:FB) into a massive “Lord of the Flies” machine.

Facebook shares soar on big 2Q (HelenAir)
Facebook Inc (NASDAQ:FB) shares soared Thursday after the social media giant pushed aggressively into mobile advertising and reported much-improved second-quarter revenue and profit. The stock is trading at levels not seen since shortly after its IPO last year, partly due to nagging questions about whether it could follow users on to the mobile phones and tablets that have upended the technology sector.

Facebook: Conviction Rewarded (Minyanville)
Here’s why. Basically, my discipline would almost force me to shed some shares as some of this position is now up over 55%. This doesn’t include call options, some of which will be up ridiculous percentages.As an aside, I’m reading that many people booked options gains of 200-1000%. That’s great, but I find these gains spurious. Option traders sometimes lose 50-100% on many positions. I know this because I’ve done this myself and have been since the 1990’s.

Did Facebook Just Prove the Case for Mobile Ads? (CIO-Today)
Facebook Inc (NASDAQ:FB) is proving some of its skeptics wrong with its latest earnings report, but the numbers may also prove the points of marketing gurus who are heralding the value of mobile Relevant Products/Services advertising. The social networking giant’s second quarter results have the tech industry abuzz. Revenue for the second quarter of 2013 totaled $1.81 billion, an increase of 53 percent, compared with $1.18 billion in the second quarter of 2012. Revenue from advertising was $1.60 billion, representing 88% of total revenue and a 61% increase from the same quarter last year. And mobile advertising revenue represented about 41% of that figure.

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