If you believed the Facebook hype had died, then you were mistaken. The company stock reached an all-time high today, climaxing at $88.86 per share. The tech giant, founded by Mark Zuckerberg is currently valued at around $250 billion.
Financial analysts from RBC Capital believe the stock is still undervalued, and will eventually reach $105 per share. Zuckerberg is taking the success well. His book club, which anyone can join by liking his Community page, “A Year of Books,” is currently up to its 12th book. The latest book is entitled: “Sapiens: A Brief History of Humankind,” by Yuval Harari.
In the coming decade, Facebook is planning to bring internet to new parts of the globe, hoping to expand its empire even further.
So, where is Facebook’s revenue coming from (you might ask)? The answer: overwhelmingly from advertising.
