Facebook Expected To Go Higher On Stock Index

Analysts are of the opinon that the social media giant is soon going to surprise everybody by going up on the stock index, following the different business activities being carried out by the firm.

Facebook Inc has reportedly shown signs of improvement on the stock index which has brought the analysts who are making coverage on the social media giant’s stock a little bullish than before. The fact that the social networking company has been constantly experiencing a rise in the user base on its social networking site is an indication to the analysts that the future plans of the company are quite strong which is why the previously negative comments that were being received by the media platform have now changed to positive ones. With an impressive portfolio of all the products that the firm is providing, the company is all set to win the hearts of the equity analysts. As compared to the previous year, it should be taken into consideration that the firm’s stock value has gone up on the scale by around 3 percent.

A recent report was launched by comScore, in which it was shown that in April Facebook Services that were used by the smartphone users, totaled up to around 24 percent of all the users in the United States. On the other hand, the most important acquisition that was made by the social media giant was of social photo sharing app called Instagram, which has resulted in generating a huge amount of revenue for the firm and still shows massive signs of growth for the future. Instagram has managed to reach around 300 million users that have helped it go upwards in the social media competition, gaining more users than Twitter as well.

Facebook has made plans to increase its revenue in the smartest way possible and to diversify its actions and functions. Only recently, it was seen that the networking firm collaborated with International Business Machines Corp which was for the purpose of giving an improved platform for the clients who wish to exhibit their ads on the social site. Mark Zuckerberg was also seen discussing on a number of forums about Internet.org, which is a new venture of the firm launched in countries like India and Pakistan.

The CEO of the media company was seen declaring that through this useful app, his company will be providing a chance to the customers who were previously deprived of the luxury of using the internet. This has gained quite a lot of popularity in the said countries which has turned out to be quite a massive success for the tech giant, despite the whole debate of ‘net neutrality’ that surfaced in the South Asian countries after the launch of the new venture of the company in the region.