In May, 2012, Facebook launched biggest tech IPO which traded at an initial price of $38 per share. But the stock seems to be lowered, taking the value below $20. The Stock has tumbled down by around 3% since its big launch in May. The IPO debut turned to be a big start by earning around $16 million of revenue. But it has been noticed that Facebook stock suffered since its launch and according to the trading report of Wednesday, it lost approximately 64 cents i.e. 3.2% per share taking down the value to $19.59 per share.
Facebook launched a new app called Facebook 5.0 for iOS on 23rd August, 2012 by Mark Zuckerberg, cofounder and CEO of Facebook. The original version was significantly the site's HTML 5 website wrapped around a mobile application. This version took long time to launch, very slow and also difficult to run. This new app though appears similar to the previous one, runs smoothly with high speed while launching and also is more organized.
China has now clocked up approximately 457 million internet users and on the subject of social media they are split among t.qq.com (by projected 200 million users), weibo.com (140 million), t.soho.com (Sixty five million) and t.163.com (48 million).
