Facebook Inc (NASDAQ:FB) Plans to Unleash a Newer Version of its Newsfeed

facebookThe online social networking giant Facebook Inc (NASDAQ:FB) plans to unleash a newer version of its Newsfeed in the coming week as the company intends to refurbish key components of its social network.

An event has been organized at Facebook headquarters in Menlo Park, California on March 7 to unveil the newsfeed makeover. In February the world’s number 1 social network rolled out a social search feature and this is going to be its second high profile product launch in 2013.

Facebook’s stock was up about 2 % or nearly 52 cents to close at 27.77 US dollars in the midday trading on Friday. For the last time the newsfeed was updated by Facebook in September 2011.

Let’s have a short overview of the financial highlights of the stock, shares of Facebook Inc increased 1.94% to settle at $27.78 on March 1, 2013.

FB has 4619 employees. Sales of FB were 5.09 Billion with net income of 32.00 million.

FB stock surged during the trade to the maximum level at $28.12 and at the lowest level of $26.81 after opening price of $27.05. FB has earning per share of $0.01 while it has 2.38 billion shares outstanding with institutional ownership of 33%.

The price to sales ratio of FB in past twelve months was calculated as 13.00 and price to cash ratio remained 6.87. While retunes ratios are concerned, the FB return on equity ratio is recorded as 0.40% and increased 0.54% return on investment while its return on asset remain 0.49%.

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