Facebook's Advertising Progress Continues
When it made its debut on public markets last May with a valuation over $100 billion, it was fair to say that Facebook was grossly overvalued.
The company's revenue sat at a relatively muted $3.7 billion, and it hadn't convinced investors it had developed a winning strategy when it came to the booming mobile side of its business.
Fast forward a little more a year -- one massive pullback and another rally later -- and Facebook is barely recognizable from its IPO. The company has made massive strides on both mobile, which is quickly becoming the bedrock of the business, and it its position as one of the emerging powers in all of online advertising. With the stock price soaring once again and analysts upgrading its shares on a seemingly daily basis, it seems once again the social networking dynamo can do no wrong.
In this video, Fool contributor Andrew Tonner looks at some of the emerging statistics that show Facebook is in fact cashing in on its major potential today.
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The article Facebook's Advertising Progress Continues originally appeared on Fool.com.Fool contributor Andrew Tonner has no position in any stocks mentioned. Follow Andrew and all his writing on Twitter at @AndrewTonner. The Motley Fool recommends Facebook. The Motley Fool owns shares of Facebook. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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