Facebook has invested heavily in diversifying its business and its latest project is the culmination of that process. The social media giant announced yesterday that it plans to implement a money transfer facility in its Messenger App. It is predicted that with 1.39 billion monthly average users, the payment system could rival the likes of PayPal and Western Union. It is also being suggested that the system could also be introduced to WhatsApp’s 500 million user base. The service intends to use debit cards to start with, making the service completely free. The money transfer facility is due to be rolled out in the coming months and clearly, represents investment opportunities in Facebook stock options.
Investors Notes:
- For the last quarter in 2014, Facebook generated almost 60% of its annual revenue from mobile users.
- Current quarter earnings are expected to rise almost 18% from the same time last year.
- Revenues are expected to reach $3.55 billion for the year compared with $2.50 billion in revenues for the same time last year.
- From a technical perspective, price action has broken above a series of moving averages.
- Banc De Binary analysts predict that Facebook will continue its upward momentum, indicating a potential upward movement in Facebook stock options.