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Los Angelas, CA -- (SBWIRE) -- 10/05/2012 -- Facebook, Inc. (NASDAQ:FB) has surpassed 1 billion users, but it hasn’t been easy. Mark Zuckerberg has stated that the company had some difficulties after its initial public offering. On Thursday, Zuckerberg updated his Facebook status announcing that the social networking site surpassed 1 billion active monthly users. He thanked users and stated his commitment to improving Facebook. At the same time, Facebook has had trouble monetizing that immense audience through advertising and other features – especially since it says on its front page, “It’s free and always will be.” That means the site will never charge anyone a subscription to be a member of the network. So, Facebook Inc. (NASDAQ:FB) has had to work on a variety of avenues to develop revenue through advertising. However, along the way, Facebook Inc. (NASDAQ:FB) has had a variety of issues with privacy of users’ personal data in several countries – mainly in Europe and the U.S. And now there is speculation that while Facebook Inc. (NASDAQ:FB) supposedly takes steps to protect privacy of users, it may be selling access to user information for the benefit of third parties.
How Should Investors React To FB Now? Find Out
SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is an exchange traded fund. The Trust corresponds to the price and yield performance of the S&P 500 Index. The S&P 500 Index is composed of 500 selected stocks and spans over 24 separate industry groups. The Fund’s investment sectors include information technology, financial, energy, health care, consumer staples, industrial, consumer discretionary, materials, utilities and telecommunication services. The index was up over 0.65% at the time of writing, nearing the highs of the session following a smaller than the forecast drop in Factory Orders for August. All sectors are green, with the exception of Technology which is showing slight weakness, hurt by Hewlett-Packard, IBM, and Microsoft among others. Resistance is now at 1467.07. Support is at 1457.14.
Can SPY Continue To Move Higher? Find Out
Apple Inc. (NasdaqNM: AAPL) reported EPS in 42.548. For the Current Fiscal year, the company is expected to report EPS of 44.42. For the Next Quarter and Next Year, the company is expected to report EPS of 15.43 and 53.37 respectively. At Current Market Price, AAPL is in distance of -0.95% from its 50-day Moving Average price of $673.205 and +8.96% from its 200-day Moving Average price of $611.967.According to data from a Topeka analyst, October has been the highest gain month for Apple Inc. (NASDAQ:AAPL) shares in the last nine years running. There is little to suggest that that pattern should change this year. In fact, it looks like Apple might outperform expectations. The same report put a price target of $1,111 on the firm for the next twelve months.
Can AAPL Extend Rally? Find Out
General Electric Company (NYSE:GE): In the last three months, General Electric Company (NYSE:GE) officials have sold US$3.78 million in shares, while others have purchased US$408,800 worth, according to insider trading report. Shares of General Electric began the trading session with a price of US$22.86 and throughout the session climbed to a high of US$22.98. When day-trade ended, the stock finally advanced 0.53% to US$22.91. GE has a 52-week low of US$14.02 and a 52-week high of US$23.00. Its price, as of the latest close, was up 63.4% compared with the 52-week low and was 0.4% below the 52-week high. The last session's volume of 32.93 million shares was down from the average daily trading volume of 45.09 million shares. Since General Electric insiders such as CEOs, CFOs and Directors have better access to company non-public information, Pennystocksinsiders.com thinks that investors would be wise to pay close attention to their stock trading behaviors.
Can GE Continue To Move Higher?Find Out
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