Facebook Inc. (FB) Dips 2.97% for September 24

Equities Staff  |

Among the S&P 500’s biggest fallers on Tuesday September 24 was Facebook Inc. (FB). The stock experienced a 2.97% decline to $181.28 with 18.53 million shares changing hands.

Facebook Inc. started at an opening price of 187.98 and hit a high of $188.04 and a low of $180.39. Ultimately, the stock took a hit and finished the day at $5.54 per share. Facebook Inc. trades an average of n/a shares a day out of a total 2.85 billion shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Facebook Inc. hit a high of $208.66 and a low of $123.02 over the last year.

Facebook is the world's largest online social network, with more than 2 billion monthly active users. Users engage with each other in different ways, exchanging messages and sharing news events, photos, and videos. On the video side, the firm is in the process of building a library of premium content and monetizing it via ads or subscription revenue. Facebook refers to this as Facebook Watch. The firm's ecosystem consists mainly of the Facebook app, Instagram, Messenger, WhatsApp, and many features surrounding these products. Users can access Facebook on mobile devices and desktop. Advertising revenue represents more than 90% of the firm's total revenue, with 50% coming from the U.S. and Canada, and 25% from Europe. With gross margins above 80%, Facebook operates at a 40%-plus margin.

With its headquarters located in Menlo Park, CA, Facebook Inc. employs 39,651 people. After today’s trading, the company’s market cap has fallen to $517.18 billion, a P/S of n/a, a P/B of n/a, and a P/FCF of n/a.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on Facebook Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: FB’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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