On the other side of the spectrum, we have the Godzilla of social media: Facebook (FB). Plainly said, Mark Zuckerberg’s baby is on a roll. It is coming off of a number of major acquisitions, has strung together glowing earnings reports and is building advertising revenue faster than ever before. Now, looking ahead, it’s releasing a number of technology upgrades — including “App Links,” which will allow apps to talk to each other and users to go between them almost seamlessly. According to YahooFinance’s Phil Pearlman, “… [FB’s] building tools for the mobile web… Just as Google dominates the web, Facebook appears to have its sights set on owning mobile across all platforms.” FB’s pivot into the mobile space has been the spark igniting this still-growing tech titan. Who knows how high shares, or the company’s dominance, can go from here.
In its earnings report, social media jobs site LinkedIn Corp (LNKD) shared that it already has raised its sales forecast for 2014 from $2.06 billion to $2.08 billion. Unfortunately, even that still comes in below Wall Street’s consensus estimate.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker, financial journalist, and money manager. As well as a book author and regular contributor to numerous investment websites, Jim is the editor of:
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Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: