Tech Biz Roundup: Facebook Growth FADES, Mellanox Moves Way Up
Even a near-monopoly can have troubles, as data from comScore show that Facebook’s (NASDAQ:FB) member and usage growth is quickly declining in the United States. The company’s dominance is actually the problem: FB claims some 71 percent of all Internet users, drawing them in for an average six hours per month, and it’s harder to move numbers at that level. In addition, an analysis of the most popular social networks in the world has Facebook dominant in most of the Americas and Europe, plus South and East Asia and the Middle East, so further expansion might be left to mobile, which is weak compared to the company’s main business. FB is banned in China, where Tencent’s (TCEHY.PK) Qzone is in front, and Odnoklassniki is number one in Russia. Separately, Facebook’s infamous IPO is once again the day’s topic, as the Wall Street Journal reports that Nasdaq (NASDAQ:NDAQ) CEO Robert Greifeld was literally in the air on that day, while the chaos born of tech problems went unsolved: he was on a noon flight to New York from Los Angeles, under the impression that all had been worked out. Now, more than three weeks afterwards, Nasdaq hasn’t completely worked out what happened but is said to have a good idea.
Shares of Facebook closed lower 10 cents at $27 per share today.
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Shares of Mellanox (NASDAQ:MLNX) move way up, following word that its InfiniBand adapter chips will be utilized by Intel (NASDAQ:INTC) in server motherboards and input/output expansion modules supporting its Romley server central processing unit platform. This new arrangement comes after a design win with Hewlett-Packard (NYSE:HPQ), and MLNX’s stock sliding on worries that Intel’s purchase of QLogic’s InfiniBand business would create new rivalry.
Shares of Mellanox closed up 2.37% at $63.10 per share Monday.
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