real-time news and commentary for investors
Wednesday, Sep 11
Facebook roundup: new highs, new data-selling efforts, Zuck set to talk
- Facebook (FB +2.9%) is making new post-IPO highs again, and temporarily crossed $45. Shares +69% since the July 25 Q2 report.
- Mark Zuckerberg is set to hold a 30-minute "Fireside Chat" at 5:55PM ET at the annual TechCrunch Disrupt conference (webcast). Zuck's remarks at last year's conference went over pretty well with investors.
- Meanwhile, Sheryl Sandberg is on the other side of the Pacific, visiting Chinese Internet regulators and fueling speculation Facebook is making a fresh effort to enter the Middle Kingdom, where its services remain blocked.
- If Facebook can ever reach a compromise with the Chinese government over major censorship-related disagreements, the company would be able to enter a market that has nearly 600M Internet users, but would also face strong competition from incumbents such as Tencent and Sina.
- Also: TechCrunch reports Facebook's new data feeds/APIs for giving companies quick birds-eye view of trending subjects and interesting "public" content won't be offered only to media companies and analytics firms (the first disclosed users), but also brands and ad agencies. Anonymous demographic data about users discussing a particular subject will also be offered.
- TechCrunch: "If you combined ads based on what you’re saying with real-time delivery, you’d have a way to target people with ads about what they’re discussing and when they’re discussing it."