Northern, WI 08/27/2013 (usastockreport) – Positive earnings are helping shares of Facebook Inc. (NASDAQ:FB) to higher day after day as the company joined $100 billion market capitalization. The social networking giant along with the automobile major Tesla Motors Inc. were top gainers in Monday trading session after Facebook crossed the $100 billion in market cap and Tesla crossed $20 billion for the first time. While Seth Fiegerman of Mashable had reported that the social networking giant had possessed a value of $100 billion in the secondary markets before the initial public offering on its stock was issued in May 2012.
Immediately after the IPO in May 2012, the market cap of Facebook Inc. (NASDAQ:FB) had increased to $104 billion through the issue of additional shares. However, the stock had been heavily declining since then to hit an all time low price of $17.55 per share in September 2012 and the market cap at that time had declined to less than $50 billion. It was only after recent announcement on earnings that the stock of Facebook again started to move up and provided significant value to the investors.
The primary driver of growth which enabled Facebook Inc. (NASDAQ:FB) to present stronger earnings for the quarter was its effective entry into the rapidly developing mobile markets. It is believed that effective monetizing of the Instagram of Facebook on the mobile devices would prove effective to present the company with stronger earnings in the near future. It could thereby be anticipated that the social networking giant would move on to present higher gains in prices in the near future to enable the investors to cash in their returns.