The world’s largest social network is continuing its downturn. Facebook’s shares are getting lower day by day and the Wall Street is like a volcano at the moment. The indicator of last Friday, July 27, shows that the share price was 40% down in comparison with the information after company’s reorganization last May. According to the numerous network rumors Facebook is intensively pushed by a number of aggressive advertisings at the moment.
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The biggest high-profile tech companies are preparing to release the latest earnings report this week while Facebook beats the rivals with an unexpected offer. The social network is sharing with journalists and the public a list of Facebook’s selected news. It is combined with links that point the big advertisers like the company.
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The world’s largest social network is spending incredible amounts on lobbying. According to the latest report on the lobbying expenses in the second quarter of the current year Facebook has spent $960,000 starting from April to June.
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Microsoft recently has agreed to sell Facebook some of the patents it acquired from AOL. Valued at $550 million, the deal grants the social network the right to purchase about 650 out of the 925 patents that AOL sold to Microsoft for about $1.056 billion in cash. Microsoft will retain approximately 275 of AOL’s patents and still use the 650 patents under license. Facebook currently does not have a license for the patents still owned by AOL.
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