Facebook has been somewhat immune to the crisis with its shares rising 2.78% to $275.88 at 15:05 EST on Tuesday, after two successive sessions in a row of losses. The Nasdaq Stock Market is rising 1.16% to $12,018.20, following yesterday’s upward trend, on what at the moment seems, an all-around positive trend trading session today.
Facebook ads could be reaching saturation point. According to yesterday’s article on The Wall Street Journal, “Facebook has driven monster revenue growth quarter after quarter by driving up ad impressions and tinkering with prices to compensate.”
Facebook’s last close was $268.43, under its 52-week high of $304.67.
Facebook’s sales growth is 24.6% for the current quarter and 24.2% for the next. The company’s growth estimates for the current quarter and the next is 23.8% and 19.9%, respectively.
Year-on-year quarterly revenue growth grew by 21.6%, now sitting on 78.98B for the twelve trailing months.
Facebook’s stock is valued at $275.88 at 15:05 EST, under its 52-week high of $304.67 and way higher than its 52-week low of $137.10.
Facebook’s worth is higher than its 50-day moving average of $272.98 and above its 200-day moving average of $253.67.
According to Bloomberg Quint on Fri Nov 20, “Vietnam Threatens to Shut Down Facebook Over Content: Reuters.”