Facebook Stock Price on the Rise
Facebook Share Prices Rise With More Mobile Advertising Being Sold; Privacy Concerns Remain
FREE PRESS REPORT
MENLO PARK, CA - Facebook stock prices are on the rise. FB stock is currently sitting at 33.94 which is up 7.43 points or 28.03% as of July 25 at 3:04pm EST. The jump came after Facebook reported a large increase in mobile ad revenue. Analysts pointing to further growth with advertising on Instagram was also credited for the spike.
The gain is still under their IPO price of $38 per share, but some analysts online see further growth in Facebook's future. However, all is not bright for the social media behemoth with privacy concerns and other issues a daily occurrence online.
The July 2013 American Customer Satisfaction Index E-Business Report, released Tuesday saw 27% of respondents saying that Facebook advertising was intrusive and interfered with their experience on the site.
According to the All Facebook site, "Facebook also scored low when it came to users’ confidence that their personal information was protected, as it earned scores of four out of 10 or lower at a rate double those of other social networks."
They continued at All Facebook, saying, "Only 28 percent of U.S. Facebook users who were part of the survey said they access the social network via mobile devices, which contradicts reports of mobile growth by Facebook."
Whether today's good news for Facebook stock prices will stick around is not known for certain, but many people - investors and average citizens - have their eyes on the social network giant.