You have to give it up for Facebook Inc (NASDAQ:FB) and Mark Zuckerberg, CEO of the company, for never stop trying. Whether they are down and out or on top, Facebook Inc (NASDAQ:FB)’s team just doesn’t stop. Bloomberg reported today that Zuckerberg is trying something new yet again, and this time in India.
I think it’s safe to say that Facebook Inc (NASDAQ:FB) will not rest until it has every single one of us on its social media platform. Zuckerberg’s plans in India are testament to just that. During his speech in India, he essentially spilled it out that it doesn’t matter whether you are the president of U.S. or living in a tiny village in India with no electricity, I am going to get you on board.
[…] Traditional network infrastructure to connect world communities with low population density isn’t really cost effective or practical which is why it hasn’t been done yet, so we are working to develop new technologies that can be more efficient for doing this and to help connect this 15% of people […],” said Zuckerberg.
Facebook Inc (NASDAQ:FB) has had some really trying times, especially after its IPO, when after just six months, the stock was trading at almost half its IPO price. It has been a different story after that. The company has now realized its edge in the market and it’s in the online advertisement space.
Armed with this new stream of advertisement Facebook Inc (NASDAQ:FB) is investing in projects that will further reduce the ever so little risk that people will move away from its social platform. It’s reaching out to all segments of society, which will add more of the valuable personal information to its precious database and ultimately bring the company more advertising revenues.
The price for getting a piece of Facebook Inc (NASDAQ:FB)’s pie stood at $75.91 at the end of the trading day today.
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