Stock News: Facebook (NASDAQ FB) Targeting Professional Space

Facebook Inc (NASDAQ FB) is a social networking site largely used for personal interactions rather than for professional reasons. The site most used for professional connections is LinkedIn, and according to a report from the Financial Times, Facebook is looking to move into the professional space.

Facebook Inc (NASDAQ FB) is planning to come up with a new version customized for workplace usage that will be known as ‘Facebook at Work’, according to a report from the Financial Times on Monday citing sources familiar with the matter.

The publication reported that the social networking giant has been secretly working on ‘Facebook at Work,’ which is going to be a new platform that will facilitate the professional life of its users. The new platform will enable them to chat with colleagues, connect with their professional contacts and easily collaborate over documents. This is likely one of the future plans that Zuckerberg recently talked about.

Facebook Inc: FB targets Professional Space

Facebook Inc (NASDAQ FB) reported last month, and while its quarterly profits almost doubled to $802 million (640 million euros) the stock declined due to the fact that the company announced plans for major investments in the future.

“We are going to continue preparing for the future by investing aggressively, connecting everyone, understanding the world, and building the next-generation in computing platforms,” Facebook founder and chief Mark Zuckerberg said. He believes that Facebook still has to go a long way in the future.

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Facebook Inc (NASDAQ FB) Business News

Facebook was set up by Zuckerberg in the 2004 along with a couple of Harvard colleagues. They wanted to set it up as a college networking site, from there it has grown to almost 1.35 billion monthly active users across the world. The site makes continuous changes for improvement and also seeks to broaden its offerings. Recently, an application unveiled by the site enabled users to enter into chats in virtual rooms anonymously.

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