Tomahawk, WI 02/17/2014 (BasicsMedia) – Facebook Inc. (NASDAQ:FB) shares reached an all-time high last week, resulting in the company market capitalization surpassing that of Amazon.com, Inc. (NASDAQ:AMZN). Facebook shares have been soaring in the market since the start of the year, having already risen by 23%. Last year alone, the company stock rose by 105% a clear indication of what can be expected for this current fiscal year.

Facebook Inc. (NASDAQ:FB) market capitalization currently stands at $170.65 billion compared to Amazon’s $163.43 billion. The company’s market capitalization before its Initial Public offering in 2012 stood at $100 billion although the company shares slumped after the IPO resulting in the company market cap dropping by almost a half value. The company’s market capitalization as of the moment has surpassed that of other major technology companies in the industry such as Intel Corporation and QUALCOMM, Inc. (NASDAQ:QCOM).

Facebook Inc. (NASDAQ:FB) continues to heavily target the mobile ad sector of the industry as one of its key sources of revenues, which has proven overtime to be highly lucrative. Facebook intends to sink deeper into the mobile space to try and boost its revenue collection. This stream is seen as one of the avenues that will enable the company achieve multibillion dollar revenue stream in the coming years

Inside selling at Facebook

Insiders at Facebook Inc. (NASDAQ:FB) seem to be taking advantage of Facebook’s, this year and last year rallying to offload their shares in a bid of acquiring more profits at the current market conditions. It is being reported that some of the key shareholders who have opted to sell their shares include Chief Technology Officer Mike Schrieffer and Chief Accounting Officer Jas Athwal, both of them sold their shares at market price of $64 per share.

It is being reported Sandberg sold approximately 283,000 shares leaving her with 10 million shares while Athwal sold 28,000 shares remaining with 123,000 shares

Facebook climbing heights as a dating site

Despite being perceived as a social network where friends connect, Facebook is turning the waves as a popular dating site according to a market intelligence firm. According to the research which surveyed approximately1500 internet users between the ages of 15 and 30, Facebook Inc. (NASDAQ:FB) was found to be highly popular as a dating site where most couples meet. The research found out those countries such as India, Nigeria, Mexico and Brazil was heavily used for dating purposes with Vietnam leading the perk at 85% with Indonesia coming in second at 82%.

Facebook Inc. (NASDAQ:FB) traded marginally on Friday closing the day at $67.09 a share a drop of 0.30%

DISCLAIMER: This content is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.