Facebook Inc (NASDAQ:FB) Is Optimistic Despite Omega Selling Its Shares

Denver, CO, 08/15/2013 (Avauncer.com) – Shares of  Facebook Inc (NASDAQ:FB) were down 0.31% to close at $36.90. Despite this, shares remained at the higher end of its 52-week price range of $17.55 to $39.32. However, shares remained moderately traded with 35.66 million shares being traded, up from the average volume of 66.38 million shares.

The company, whose stock had been one of the top hot stocks in recent times, mostly because of the anticipation of the company having great potential from video ads, witnessed a dump in its sale price after Omega Advisors tapped falling Apple Inc’ prices, by buying them, after selling their stake in FB, whose shares are too trading at its highs. The firm has thereby made the maximum out of the market sentiments which were positive for the social marketing site. Thus, it should not be an indicator of company’s potential, rather an investing decision.

The company is also seen in positive light in terms of future growth, more so because of the fact that it remains under monetized. This means that the share prices may not reveal the true value of the company and its true worth, which may be more than what it is currently. It is also in this anticipation that the company has seen a surge in its prices recently.

The company has great potential in terms of ad revenues, especially taking into consideration the market reach the site has. It is under monetized as compared to Google Inc (NASDAQ:GOOG), its largest advertising rival.  This is despite the fact that studies have revealed that users have spent a greater share of time on FB, as compared to other Google sites.

The company seems to be taking its arch rival Google head on. Facebook’s FBX is re-targeting at its email overhaul, which had prompted Google to change its Gmail inbox settings. This would allow users to categorize their mails in separate tabs. This move is estimated to substantially work in favor of Google, which is a proof that despite Facebook’s stride to expansion, Google has not lost its charm.