Facebook in 2013 Will Wall Street Hit the Like Button Frank T Rothaermel Seth Taylor
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Facebook is changing the way Wall Street operates, even though many financial companies are still struggling with the social media phenomenon. The company has made significant investments to boost its user base, and it’s showing its potential in a few ways. One example is Facebook’s move to let professional traders use its network to research stocks and make trades. According to the company, 10 million professional traders are already accessing the platform, and its aim is to take that number up to 50 million by the end of 2013.
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I’d like to share my thoughts with you guys on Facebook in 2013 will Wall Street hit the like button. I believe Facebook will do something that’s very unlikely in today’s world. Will Wall Street hit the like button. Not because of what’s going on on the internet. But because of the way the new generation of smartphone and tablet users is spending their time. They have the same screen space as your average newspaper, and a phone that’s so big that they can’t stand looking at their phone for more than an
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Wow! Facebook’s growth was the most startling success story of 2013, and the reason was plain: It had found something truly special that would appeal to investors and marketers. important site This will, in fact, get the attention of Wall Street. In an interview with the Wall Street Journal, Facebook chief operating officer Sheryl Sandberg stated that the company intends to be the “first social media company” on Wall Street, rather than competing against traditional media firms. Facebook isn’t the first company to try to build a “
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1. Facebook’s growth has slowed in recent quarters due to increased competition and tough market conditions. 2. Wall Street had been expecting revenue growth to slow from 52% in the second quarter to 45% in the third quarter. 3. The company reported revenue of $3.39 billion, down from $4.12 billion the year before, which the company has blamed on currency fluctuations. 4. Facebook’s stock fell 5% in pre-market trading, but it rebounded in after
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“We have been monitoring the financial and media worlds for weeks, and our attention is on Facebook for the next big thing.” (New York Times 2012). On February 11, Facebook Inc. Announced that it was doubling the number of Facebook apps to more than 5,000 from just over 2,000 at the time of that same announcement (Facebook). “This is a watershed moment,” said COO Sheryl Sandberg at an online town hall for shareholders. The growth of mobile phone and table
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