Editor’s Note: Related tickers: Facebook Inc (NASDAQ:FB), Nokia Corporation (ADR) (NYSE:NOK), QUALCOMM, Inc. (NASDAQ:QCOM), Amazon.com, Inc. (NASDAQ:AMZN)
Mark Zuckerberg Targets to Get 82 Million Facebook Users From India (GizBot)
Facebook Inc (NASDAQ:FB) among all the social networking sites has actually been ruling the social platform through the world. Moreover, the growing smartphone users have also augmented the number of users. Talking about the popularity, the networking app has currently more than a 1,110 million active users and to talk about India in until January this year it had 62.6 million users. But young Zuckerberg doesn’t seem to be satisfied with the numbers in India because he has recently showed his interest on expanding to up to 82 million monthly active Facebook user base in the country. In fact, the Facebook founder has actually realized the Indian strength regarding the Internet users.
Facebook Inc. (NASDAQ:FB) collaborates with leading telecom players (NYSEPost)
The Chief Executive Officer, Mark Zuckerberg of Facebook Inc (NASDAQ:FB) had been making all possible attempts to bring in the entire population of the globe online and had recently been entering into partnerships with some of the largest mobile companies across the international markets. In line with such attempts is the recent partnership that had been announced by the company to be Internet.org, which includes Samsung, Nokia Corporation (ADR) (NYSE:NOK) and QUALCOMM, Inc. (NASDAQ:QCOM) along with the social networking giant. It had further been noted that there would be more companies which are expected to join the partnership.
Facebook Inc (NASDAQ:FB) travels the mobile payment route (GDPInsider)
A lot of people are of the opinion that now that Facebook Inc (NASDAQ:FB) has gained mass-media appeal, it has donned a garb of complacency. However, this has never been the case. It has never been a company that simply rested on its laurels. FB never ceases to surprise and it has just confirmed a completely new product. FB has confirmed that it is all set to test a new mobile-payment service. This service will permit buyers to make a purchase merely with a FB login. This is not the first time that the company is foraying into the Ecommerce space. However, unlike the earlier credit system, this new service is designed to simplify mobile transactions. The first attempt met with failure largely because a secondary-currency ended up complicating things.
Facebook’s first foray into physical gifts fails (Techi)
They wanted to play in the world that Amazon.com, Inc. (NASDAQ:AMZN) and other companies have dominated for a while. They weren’t asking for much, just a little taste of the gigantic pie of retail goods for delivery. Now, flowers, stuffed animals, and cupcakes are being replaced by gift cards and digital redemption codes. …Facebook gifts has seen some pretty decent success. It’s still a tiny part of their revenue, but it’s something that pushes the brand out to more people. In essence, they’re marketing a little with every gift that’s given. While teddy bears may have been a decent idea overall, it only accounted for 20% of the total gifts given.
Facebook closes above $40 for 1st time (LasvegasSun)
Facebook’s stock closed above $40 for the first time Friday. The social network’s shares have gained 53 percent since July 24, when it reported strong growth in mobile ad revenue and a solid profit during its second quarter. On Wednesday Facebook announced a technology partnership that aims to expand Internet access to the 5 billion people not currently connected. That could create more potential Facebook users.
Too late to buy Facebook? (CNBC)
