Facebook shares rise on retailer boost
Posted on November 16, 2012 at 23:01 PM EST
Facebook shares rise on retailer boost Facebook shares rose Friday after it expanded the roster of retailers that let users buy and send items to their friends on its website, as the owner of the world's biggest social network pushes into e-commerce. Facebook is seeking fresh ways to make money from its more than 1 billion users as sales growth has slowed. Since an initial public offering in May, the shares slipped 42 percent as Facebook has struggled to convince investors it can boost advertising sales as more users access the service on mobile devices while also grappling with competition from Google, Yahoo and Amazon.com.
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here