Reuters - Video

EDITION: U.S. | U.K. | IN

Breakingviews

Breakingviews: Facebook tops IPO price

Wednesday, July 31, 2013 - 03:35

July 31 - Reynolds Holding talks with Breakingviews columnists about the company’s shares finally rising above $38 and how breakthroughs in mobile advertising made that possible.

▲ Hide Transcript

View Transcript

Today FaceBook the social networking giant has pulled itself up by the bootstraps and gotten back to. Square one that's right the 38 dollar IPO price after stumbling around for. More than a year. The shares have broke the 38 dollar barrier this morning. And -- -- I mean it looks as a FaceBook is finally figured out mobile Smartphones and -- is that. Behind us -- what's gonna get a finding is they they kind of stirred fears that a year ago it was pretty obvious then they're grifters phenomenally. -- because the question or face that was OK you can get a lot of money from hasn't PC. -- ever has don't wanna pay annum on a Smartphone is too small don't want to click on it and it it and then suddenly faced with that hey actually you're wrong in the last quarter it's just like. To show us how fast this is growing and it's importantly -- one of the one of the risk factors in the in the prospectus in no way back before the -- Monday. One big -- which we wrote about and we have -- -- and brought about well ahead of you know she did rob. Was basically this morning about you know while which is mobile's growing incredibly quickly and it's going to take over probably the majority of of our traffic however we're not. 100% sure how to monetize -- -- now what we've seen and we saw the best evidence that the second quarter is that. Actually FaceBook has got to plant is is doing better than just let everybody else to do it so I mean if you look at. Google Google came out in a couple weeks before he the numbers were a little bit shy of expectations largely because he. You've had a revenue per click going down revenues for quick we're going down because they're more more about -- and there are united. Laptop or desktop -- after. -- -- more difficult to monetize and they haven't yet figured out now we know they'll probably figured out over time again I have strong confidence in the company did it. But you know they got hit four. And everybody else -- want social canoe network company is actually. Doing better. When this Linkedin what does it figured out that Facebook's wolves figured out the profits and being extraordinarily boring I mean I revenue -- don't let the Clinton once a year or something but nothing useful site -- and the things state. Yet sticking exactly you know it's and it's set that up that's that case because -- -- Facebook's if it's a bit kind of being mean you know it's not quite as serious as plankton and -- Different it's different model and it is it is a social network yes but it isn't a social network in the sense you go to it took to. Waste time right where. It -- it media in that respect and I think FaceBook is like immediate and elemental thing they don't have -- aren't noted because the advertisers in her right company have a job there weren't -- to have jobs. Yet let's face it did not -- -- where people find jobs it's W appetite which is just -- quite used very specific purpose and it is. I actually don't I mean I know we that you can make the comparison yeah but I still them I sort of feel like it's it's important each. Kind of company in that case because it has as FaceBook fell also it is there's probably a lot more space for FaceBook to grows well right because he's -- a sustainable I think we went forward -- do that because that he are picking up an overall markets about 2% of all advertising and I know what you gonna spend a lot more than 2% of my time. -- myself. And yeah and so. The odds are -- is gonna start following that they've done it before and and it was -- -- he's -- -- -- right. Still you can't let it affect the global look up Florida that's what happens in the future in the meantime. Stay tuned for more breaking news tomorrow.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Breakingviews: Facebook tops IPO price

Wednesday, July 31, 2013 - 03:35

Top News »

Investing 201 »

Arian Foster = BlackBerry? Arian Foster = BlackBerry?

Fri, Oct 25, 2013 - (3:16)

Don’t miss these red flags for IPOs Don’t miss these red flags for IPOs

Thu, Oct 10, 2013 - (2:34)

Copycat currency trading Copycat currency trading

Wed, Oct 02, 2013 - (2:28)

When to dump a winner When to dump a winner

Tue, Sep 24, 2013 - (1:55)

Where gold might again attract Jim Rogers Where gold might again attract Jim Rogers

Thu, Sep 19, 2013 - (2:05)

Why savings interest rates won't budge Why savings interest rates won't budge

Fri, Sep 13, 2013 - (2:09)

Buy local? ETFs try the trend Buy local? ETFs try the trend

Thu, Sep 05, 2013 - (2:42)

The better bond funds The better bond funds

Wed, Aug 07, 2013 - (2:40)

Best bargain in 40 years? European stocks Best bargain in 40 years? European stocks

Thu, Aug 01, 2013 - (2:24)

Invest like an activist Invest like an activist

Fri, Jul 26, 2013 - (2:49)

Money Clip »

3 things to do before disaster strikes 3 things to do before disaster strikes

Wed, Sep 18, 2013 - (1:39)

Your must-do money list Your must-do money list

Wed, Sep 11, 2013 - (1:24)

The worst "best" financial advice The worst "best" financial advice

Wed, Sep 04, 2013 - (1:42)

Forget gold: The case for REITs Forget gold: The case for REITs

Fri, Apr 26, 2013 - (1:19)

3 rules for buying a house now 3 rules for buying a house now

Thu, Apr 18, 2013 - (1:39)

“Stalking” your dream home - Money Clip “Stalking” your dream home - Money Clip

Wed, Mar 27, 2013 - (2:50)

3 hidden tax deductions - Money Clip 3 hidden tax deductions - Money Clip

Thu, Mar 21, 2013 - (1:33)

Moving Pictures »

Still missing – MH370 Still missing – MH370

Fri, Sep 05, 2014 - (2:05)

Images of August Images of August

Fri, Aug 29, 2014 - (1:00)

Burning Together Burning Together

Mon, Sep 01, 2014 - (2:23)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, Aug 22, 2014 - (3:12)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Thu, Jul 03, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)