Once reported third quarter sales levels, Facebook received positive appreciation from the market. At the close at 16.00 New York time, the U.S., Facebook shares soared 19% to 23.23 dollars.
Facebook sales levels in the third quarter exceeded analysts' estimates mentioned. Despite the rise, the price of Facebook stock has plunged 39% since making its first listing of shares in May.
For information, the stock price of Facebook in the first day of the IPO, which was 38 dollars and never touched the highest level of U.S. $ 45.
The performance of these social networking companies assuage concerns about the ability of Facebook to raise money from mobile advertising.
Based on the estimation Brian Wieser, Pivotal Research Group analyst, advertising on mobile devices to raise funds worth 150 million dollars in the quarter, or contribute 14% of total advertising revenue. In the second quarter, the value of mobile advertising is only about 10 million U.S. dollars.
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