{"id":76683,"date":"2014-12-23T08:04:57","date_gmt":"2014-12-23T08:04:57","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=76683"},"modified":"2014-12-23T08:04:57","modified_gmt":"2014-12-23T08:04:57","slug":"facebook-stock-hits-another-time-high","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/?p=76683","title":{"rendered":"Facebook stock hits another all-time high"},"content":{"rendered":"

Facebook is ending the year on a high note.<\/p>\n

The company’s stock hit a new all-time high of $81.89 a share in midday trading Monday, an increase of about 2.5% on the day, which pushed the social networking company’s market cap to nearly $230 billion.<\/p>\n

The surge in Facebook stock came amid a broader market rally that continued into Monday.<\/p>\n

The Dow Jones Industrial Average was up as much as 0.47% in early trading. The Standard & Poor’s 500 was essentially flat on the day, but still hovering near an all-time high.<\/p>\n

\"FB<\/div>\n

Facebook’s gains follow on the heels of a “conservative” estimate from Citigroup that Instagram is now worth $35 billion, up from the $1 billion that Facebook originally agreed to pay to acquire it in 2012.<\/p>\n

That figure, combined with a recent announcement that Instagram has hit 300 million users, may only boost optimism for Facebook’s other major acquisitions, WhatsApp and Oculus VR.<\/p>\n

It’s a far cry from this time two years ago when Facebook was still struggling to climb back up to its IPO price of $38 a share amid nagging concerns from investors about its potential to make a successful shift to mobile.<\/p>\n

Facebook consistently beat Wall Street estimates throughout 2014, thanks to the strength of its advertising products and particularly mobile ads, which accounted for two-thirds of total ad revenue in the third quarter.<\/p>\n

Facebook is now second only to Google in the U.S. mobile ad market, according to data from eMarketer, and it is expected to take 8% of the $140 billion global ad market this year.<\/p>\n

\"Screen<\/p>\n

 <\/p>\n

By:\u00a0mashable.com<\/p>\n<\/figure>\n","protected":false},"excerpt":{"rendered":"

Facebook is ending the year on a high note. The company’s stock hit a new all-time high of $81.89 a share in midday trading Monday, an increase of about 2.5% on the day, which pushed the social networking company’s market cap to nearly $230 billion. The surge in Facebook stock came amid a broader market […]<\/p>\n","protected":false},"author":5,"featured_media":76685,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[],"tags":[18],"class_list":["post-76683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-dr-akwasi-osei"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/76683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=76683"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/76683\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/76685"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=76683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=76683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=76683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}