What To Expect From Facebook Inc (NASDAQ:FB)?
Facebook Inc (NASDAQ:FB) has had its share of ups and downs when it went public after a lot of anticipation, nothing went as founder Mark Zuckerberg had planned. There were a lot of glitches and the skeptics were harsh and unmoved. In reality quite a few number of people really wanted to jump on board the FB bandwagon as a company that was publicly traded.
Statistics never lie and one can easily see that Facebook Inc. stock has been on somewhat of a roller coaster ride all this while with the fluctuation in prices of the stock. It has not been easy for Facebook to maintain their grip on a market that they opened up, despite struggles however, the company has grown phenomenally in recent memory and its huge success in 2013 is an indicator of things to come, or is it?
Substantial growth in 2013
Despite a near façade when the company went public, at a time when there was a lot of pressure on the stock in June 2012 when it hit a lot of $31.1 and then plunged further down to a low of $17.55 in September 2012. Since then, business has really picked up at Facebook as the price of the shares on December 31st was at a high of $54.65.
All in all, 2013 was an excellent year for the internet market and Facebook is definitely one of the top gainers in this regard. In September 2013, the increase percentage of the stock was at around 85% for the year 2013. The value of the stock doubled itself in a few months.
Citigroup analyst Mark May said that Facebook was riding the successes of the company’s Q2 from 2013 and it carried forward the momentum towards more financial success as the year went on. This success, the analyst hopes will drive investments in the stock for the company in 2014.