Facebook Inc - setting foundations to flourish
The questions were always could they monetise the vast traffic and global dominance...and it seems they can. However we still need to put the performance into perspective. Since Facebook’s IPO in May 2012, it has fallen 10% whilst the Nasdaq and Google have risen 29.7% and 47.9% respectively.
Facebook today closed at $34.61, up $7.85 or 29.61%.
