Facebook shares down 31 percent since IPO 1 year ago – Facebook shares closed today at $26.25, up $0.12 from yesterday but down 31 percent since the company’s initial public offering on May 18, 2012. Despite a new focus on monetization, particularly on mobile, Facebook hasn’t instilled confidence in investors in its first year as a public company. Many of its recent products, such as Gifts, Graph Search and Home, have launched to mixed reviews. And with all still in limited release, none has emerged as a clear source of future revenue. Still, Facebook has gone from having no ads on mobile to having mobile account for about 30 percent of all advertising revenue in the first quarter of this year.
Facebook’s company and CEO rating up since IPO – Facebook has earned a 4.7 out of 5 rating on Glassdoor, a social jobs and careers community where employees can anonymously share information and reviews about their companies. That average is a slight increase from its 4.6 rating during the 12 months prior to its IPO. Approval of CEO Mark Zuckerberg is also up. He received a 99 percent approval rating among employees, a four percentage point increase from his 95 percent approval rating during the 12 months before the IPO. Facebook saw a small decline in its senior management rating, but still holds a 4.0 (very satisfied) rating over the past 12 months, compared to the 4.3 rating it held pre-IPO. In the last year, the average base salary for Facebook software engineers increased to $119,262, up from $112,193 the previous 12-month period.
HTC slashes ‘Facebook phone’ price to $0.99, may discontinue product – HTC has cut the price of the First — the phone it launched with Facebook Home preloaded — from $99 to $0.99. According to BGR sources, HTC will actually be discontinuing the line soon, likely after in-store display contracts expire. The price cut is meant to move as much inventory as possible before being returned to HTC. The Facebook Home software, however, will still be available for select Android devices through Google Play.
Facebook launches site for academic publications – Facebook this week launched “Research Publications at Facebook,” a site for research papers published by the social network’s employees. The site is open to the public and includes a number of papers on engineering and sociology topics, such as “Self-censorship on Facebook” and “Storage and Performance Optimization of Long Tail Key Access in a Social Network“