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social networking traffic. In antithesis to the conclusion that the company is losing traffic, there have been several recent reports demonstrating strength in the company’s traffic numbers.
Earlier in April, a study performed by Piper Jaffray concluded that Facebook Inc (NASDAQ:FB) was still the most popular social networking site among teenagers. More recently there was a Facebook redesign intended to drive traffic to the social network from Yelp!, and estimates for the firm’s mobile revenue continued to look healthy.
Today’s reaction concerning a drop off in traffic to Facebook Inc (NASDAQ:FB) in the United States was slight. As the SocialBakers report stated, “The bottom line here is that there is no story.”
Facebook Inc (NASDAQ:FB) is due to report its results for the first three months of 2013 on Wednesday. After today’s report, analysts will be studying the report closely for signs of weakness in the firm’s domestic market. So far in 2013, the firm’s stock has increased by just under 2 percent, despite the overall strength of the tech market, and the web industry in particular. In the same period, the Nasdaq index gained more than 9 percent
4hrs
| Analysts' Targets | |
| Oppenheimer & Co. Inc. | $32 |
| Outperform | |
| Tuesday, April 09, 2013 | |
| Argus Research | $36 |
| Hold | |
| Friday, April 05, 2013 | |
| UBS Securities | $26 |
| Neutral | |
| Tuesday, April 02, 2013 | |
| Needham & Co. | $33 |
| Buy | |
| Monday, December 24, 2012 | |
| Cantor, Fitzgerald | $33 |
| Buy | |
| Wednesday, December 19, 2012 | |
| Capstone Investments | $35 |
| Hold | |
| Tuesday, December 11, 2012 | |
| Stifel Nicolaus | $26 |
| Hold | |
| Wednesday, October 24, 2012 | |
| Analysts' Targets | |
| Oppenheimer & Co. Inc. | $32 |
| Outperform | |
| Tuesday, April 09, 2013 | |
| Argus Research | $36 |
| Hold | |
| Friday, April 05, 2013 | |
| UBS Securities | $26 |
| Neutral | |
| Tuesday, April 02, 2013 | |
| Needham & Co. | $33 |
| Buy | |
| Monday, December 24, 2012 | |
| Cantor, Fitzgerald | $33 |
| Buy | |
| Wednesday, December 19, 2012 | |
| Capstone Investments | $35 |
| Hold | |
| Tuesday, December 11, 2012 | |
| Stifel Nicolaus | $26 |
| Hold | |
| Wednesday, October 24, 2012 | |
Analysts' Targets
Oppenheimer & Co. Inc.
$32
Outperform
Tuesday, April 09, 2013
Argus Research
$36
Hold
Friday, April 05, 2013
UBS Securities
$26
Neutral
Tuesday, April 02, 2013
Needham & Co.
$33
Buy
Monday, December 24, 2012
Cantor, Fitzgerald
$33
Buy
Wednesday, December 19, 2012
Capstone Investments
$35
Hold
Tuesday, December 11, 2012
Stifel Nicolaus
$26
Hold
Wednesday, October 24, 2012Facebook founder and CEO Mark Zuckerberg will earn a $1 salary in 2013, according to recent documents filed from the company with the Securities and Exchange Commission.
According to our sister publication the Silicon Valley Business Journal, in 2012, Zuckerberg earned $503,205 in annual salary and a bonus of $266,101. However, in 2013 he will voluntarily take only $1 in salary and no bonus.
Zuckerberg joins a club of other tech company CEOs earning only $1 in salary, including Google's Larry Page, Oracle's Larry Ellison and HP's Meg Whitman
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