Editor’s Note: Related tickers: Facebook Inc (NASDAQ:FB)
Facebook shares rise to new high (ITWeb)
Shares of Facebook Inc (NASDAQ:FB) rose more than 3% to a new high Wednesday, valuing the world’s top social network at $106 billion, as investors focused on its recent mobile advertising advances and the potential to expand ad revenue into new areas. The stock touched $45 at 1:50pm. ET and briefly hit $45.07 shortly after 2pm on the Nasdag ? highs not seen since 18 May, 2012, the day of Facebook’s initial public offering. It closed at $45.04. The stock’s new intraday high is the latest milestone in a remarkable recovery following a rocky Wall Street debut, in which it traded at half its $38 offering price at one point.
Facebook founder: US gov ‘blew it’ in spying row (BreakingNews)
The US government “blew it” in the row over “spying” on users of social media, Facebook Inc (NASDAQ:FB) founder and chief executive Mark Zuckerberg has said. “It’s the government’s job to protect all of us, and also to protect our freedom and protect the economy, and I think they did a bad job of balancing those things here,” he said at a technology conference in San Francisco. The US government said it was not spying on Americans – but that was not helpful to companies operating around the world, he said.
Facebook CEO says IPO made company stronger (LasVegasSun)
Facebook CEO Mark Zuckerberg didn’t really want to take his company public last year, but he has changed his mind now that the Internet social network’s stock is steadily rising. Zuckerberg told a San Francisco audience attending a technology conference that he believes the initial public offering of stock completed 16 months ago turned Facebook Inc. into a stronger company than it would have been had it remained private. He made his remarks late Wednesday, a few hours after Facebook’s stock hit its highest price since the IPO.
Facebook boosts social TV for news broadcasts (RapidTVNews)
Last week’s kick-off of the NFL season garnered more than 20 million likes, comments, and shares on Facebook Inc (NASDAQ:FB) by more eight million people, as Peyton Manning went on to throw a near-perfect game with a record-setting seven touchdown passes. Now, the company wants to harness that kind of engagement by giving news organisations the ability to integrate Facebook conversations into their broadcasts or coverage by displaying public posts of real-time activity about any given topic.
Italy tops US for Facebook penetration (TelecomPaper)
According to analysis conducted by the LiveXtension agency, Facebook Inc (NASDAQ:FB) penetration in Italy has reached 75 percent, compared with 72 percent in the US. Itally also comes out top in the 50-64 years age group with 75 percent percent of users, ahead of the US with 60 percent. Among users aged 64 and over, over 60 percent of Italian internet users access Facebook, while the figure in the US is only 43 percent. The results were obtained by cross-referencing data on internet users from the Pew Research 2013 report (April-May) and Audiweb (June 2013).
TechCrunch conference heavy hitters (CNBC)
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