Tomahawk, WI 07/14/2014 (Basicsmedia) – As the curtains of the FIFA World Cup draw its close, Facebook Inc (NASDAQ:FB) turns out to be the cynosure of the eyes of all the excited investors!
UAVs On The Cards
Voluminous trading and substantial demand for FB shares led to the surge in the FB share price, after a steep fall on July 8, 2014. Interests seem to linger on and cumulate, as all and sundry are made aware that the social media tycoon have its eyes on the unmanned aerial vehicles. Indeed, the internet companies are prying on options to assemble holistically and enthusiastically a myriad of parts to build the Next-Gen UAVs.
Incidentally, Facebook Inc (NASDAQ:FB) has brought in drone manufacturers in FY 2014. The objective is to reach out to various places across the world, with internet connectivity by the virtue of telecom relays; the drones shall be active and functional within an expected period of five years.
Drone Operations – The Key
The CEO and Founder of a drone operations company, Skycatch, Christian Sanz revealed that the techniques or processes of building drones have been commoditized; as a consequence, a myriad of companies have started off with their drone manufacturing business – FB is focused not to retract-back from the venture. Sanz further snubbed that UAVs are slowly coming into the mainstream, in a more robust and developed vein. Opinions float around that the decision to manufacture drones instead of relying solely on satellites, taken by Facebook Inc (NASDAQ:FB) is a bold and cost effective move.
A controversy that hinted at lowering the instinct for investing in FB shares milled around over the last few days. The COO of FB Sheryl Sandberg spoke out lately about the whereabouts of the endeavor and how it was poorly communicated! The controversy has emerged as the backlash on Facebook Inc (NASDAQ:FB) has been resounding. Though the COO admitted the procedure adopted to draw information and why information was sought for randomly, the company or its executives averted from cutting a sorry face and apologize to its user base!