Facebook (NASDAQ FB), the biggest social networking site in the world, might be on the verge of entering the biggest market in the world. Facebook which has a total user count of more than a billion, may well be entering China finally. China, having a population of more than 1.4 Billion people, offers a perfect market for Facebook. Facebook would be hugely benefited from this move, if it does happen to go through. The extent to which China would allow foreign sites into the network is still under speculation.
In this article, we will take a closer look at some of the more finer details of this move. We will also look at what this move might mean for Facebook and their stock holders. The stock had been performing well in the past few months and therefore this news should further strengthen the FB stock.
China has been a closed market for the social networking sites as well as for the search engines. The Chinese authorities have restricted the access of these sites and Chinese users have not been able to get access to any of these sites. This has since led to a change in policy from a variety of sites especially Facebook. It may finally start paying dividends.
Facebook Inc: FB in China
According to various sources, China may finally start allowing users to log onto Facebook. Facebook has been making changes to its privacy policy and has also made some finer changes in terms of user etiquettes. Those policy changes may well be one of the reasons behind FB’s entrance.
FB’s move to become more transparent as well as its policy related to users and their privacy seems to be working just fine right now. China has not made any official comments on this subject, however, the market remains upbeat with this possibility. Whether the move actually happens remains to be seen.
Facebook Inc (NASDAQ FB) Business News
Facebook (NASDAQ FB) stock has been going from strength to strength in the past few months. The stock has been one of the better stocks and therefore it has become a mainstay in many portfolios.
Thanks for visiting the TechNews.org website. Be sure to catch all Facebook Inc (NASDAQ FB) financial news, bookmark us and check all the videos and news articles regarding the Facebook stock.