Facebook Inc. (NASDAQ:FB) announced on Thursday that it is increasing the number of retailers for its gift-giving feature that lets users purchase and send items with no leaving the website, part of the firm’s efforts to add new revenue.
Facebook declared at a press conference on in New York that the new partners include Brookstone Inc., Dean & Deluca Inc. and Fab.com Inc. So the tens of millions of users can now right of entry products via the gifting service, which was declared in September with retailers for example Starbucks Corp. (NASDAQ:SBUX) and 1-800- Flowers.com Inc.
Facebook, Menlo Park, California-based firm is annoying to generate more revenue from the world’s most accepted social network, with over 1 billion users.
Moving readers toward the broader market, let’s consider percentage change in stocks prices of other stocks in the similar sector who contribute major role in the market that includes Baidu.com, Inc. (ADR) (NASDAQ:BIDU) gained 0.28%, Akamai Technologies, Inc. (NASDAQ:AKAM) edged up 2.40%, Tripadvisor Inc (NASDAQ:TRIP) which also increased 2.69% and AOL, Inc. (NYSE:AOL) closed down -3.55%.
Facebook Inc (NASDAQ:FB) stock’s trade at beginning with a price of $22.34 and throughout the trading session climbed at a high of $22.50 other than when day-trade ended the stock finally declined -0.85% to $22.17.
The stock is going forward its 52 week low with 26.32% and lagging behind from its 52 week high price with -50.73%. FB last month stock price volatility remained 4.04%.
FB stock institutional ownership remained 30.76% while insider ownership included 6.40%. In its share capital FB has 2.17 billion outstanding shares among them 1.09 billion shares have been floated in market exchange.