Facebook Inc (NASDAQ:FB) takes a giant leap in the market

624

By Thomas Copeland on September 10, 2014 Market

Facebook Inc (NASDAQ:FB), who’s been the undisputed king of the social networking market for quite some time attained greatness when their market value went past $200 billion making it one of the largest global corporations. Facebook Inc (NASDAQ:FB) had suffered a setback in 2012 when they faced their lowest hit ever, but since then there has been no looking back. They have now become the 22^nd largest company in the world, going past Toyata and just lagging behind Verizon.

This raise in the bar for Facebook Inc (NASDAQ:FB) has made Mark Zuckerber, the CEO of Facebook Inc (NASDAQ:FB), the world’s 13^th richest person. Facebook Inc (NASDAQ:FB) owes this success largely to the mobile ads on smartphones and tablet devices. These ads have become an important money generating project for Facebook Inc (NASDAQ:FB), helping them achieve the milestone of going past $200 billion. But Facebook Inc (NASDAQ:FB) won’t just stop at that.

Seeing that the ads on mobiles and tablets have gathered many sales, Facebook Inc (NASDAQ:FB) will invest more in mobile ads to increase its stock value further and attract more investors. Mark Zuckerberg said that mobile ads are a top priority of the company and they’ll be paying special attention to it.

Facebook Inc (NASDAQ:FB)’s incredible market value has made Mark Zuckerberg one of the top billionaires in the world, with his net worth estimated at $ 34.5 billion. He also holds the major voting power in the corporation, which he co-founded in 2004.

Facebook Inc (NASDAQ:FB)’s market capitalization exceeds large technology companies like Oracle Corp and International Business Machines Corp. Investors have showed tremendous faith and interest in the market Facebook Inc (NASDAQ:FB) has attracted through their mobile ads.

Facebook Inc (NASDAQ:FB) received some criticism over introduction of a tool that informed advertisers about their promotion being viewed and when the customer purchased the product. This brought a lot of heat on Facebook Inc (NASDAQ:FB) as people considered it a violation of their privacy. Facebook Inc (NASDAQ:FB) has always toyed with privacy related issues since its inception. Zuckerberg insists that Facebook Inc (NASDAQ:FB) gives its users ironclad privacy and the hacking issues that happened in the past have been minimized to the point of non existence.

The growth of Facebook Inc (NASDAQ:FB) in U.S has been slow in the past couple of years so Facebook Inc (NASDAQ:FB) has decided to expand to the areas and countries where most of the people access internet via phone. This will give them an opportunity to expand their mobile ads plan and gain new customers.

Facebook Inc (NASDAQ:FB) acquired Whatsapp last February for a whopping $19 billion and Oculus Innovative Sciences, Inc (NASDAQ:OCLS) in July for $2 billion which is evidence that Facebook Inc (NASDAQ:FB) has been expanding its territory to venture into new and vast markets with good capability for market growth.

Facebook Inc (NASDAQ:FB) has become one of the largest corporations in a short time span and is already challenging the dominion of other large companies.