Shares of social media company Facebook Inc (NASDAQ:FB)
rallied Wednesday on the back of positive comments by CEO Mark
Zuckerberg regarding the company’s video came strategy, among other
things. FB stock has largely been stuck in a trading range since last
summer, but now increasingly looks to be building up enough momentum to
break higher.
The Mobile World Congress
taking place in Barcelona, Spain, has gathered increasing attention in
recent years as many of the world’s largest and most influential
technology firms like Facebook and Google Inc (NASDAQ:GOOG, NASDAQ:GOOGL) update the world on products, services and strategy.
Mark Zuckerberg on Wednesday reiterated
that he believes virtual reality will be a part of the future, and also
said Facebook could help to build out Internet infrastructure for
developing nations. (more)
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