In a discussion with Fox Business, Jonas Max Ferris, the co-founder of MAXfunds.com, Jim Lacamp, Senior V.P. of Macro Portfolio Wealth Management, and Ashley Pratte, from Young America’s Foundation, spoke about Facebook Inc (NASDAQ:FB), its recent stock price climb and its star CEO, Mark Zuckerberg.
According to Ferris, Zuckerberg deserves the attention he is getting, especially because the stock has been moving up, and the acquisitions that Zuckerberg spearheaded are also looking positive. But at the same time, Ferris pointed out that Zuckerberg is not as important a figure as Steve Jobs or Bill Gates for the technology world.
“Its really not technology, Facebook is a way to get people to communicate, not only here in the United States but around the world – he has been massively successful,” said Lacamp, on the potential of Facebook Inc (NASDAQ:FB). Lacamp added that even though Zuckerberg hasn’t given a new technology to the world, he has bought a new mode of communication and also took several important decisions which have helped Facebook succeed.
Pratte said that she might not like Zuckerberg for his social initiatives as he tries just to follow Gates, but she does admire him for his work on Facebook Inc (NASDAQ:FB).
“[…] Gates, don’t forget him, he was prior to Steve Jobs. What I think [is]Bill Gates made more transformations that really led to all these other things,” said Lacamp on the comparison between Steve Jobs and Bill Gates.
Meanwhile, in its earnings release for the second quarter 2014, Facebook announced that its revenue showed an increase 61% to $2.91 billion compared to $1.81 billion in the same period last year. The revenue earned by Facebook Inc (NASDAQ:FB) from mobile advertising has increased rapidly and accounted for 62% of advertising revenue for the second quarter 2014 compared to around 41% in the same period last year.
Similarly, its income from operations showed an increase of 147% to $1.39 billion compared to $562 million a year ago. The net income for Facebook Inc (NASDAQ:FB) rose by 138% to $791 million from $333 million in the same period last year.