Facebook Inc. (NASDAQ:FB) Departures: Joe Lockhart Follows a Series

  on Oct 05,2012 Posted in Business News ,Finance
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Facebook Inc. (NASDAQ:FB) Vice President global communications Joe Lockhart has reportedly departed from the company. AllThingsD said that the exit comes about 15 months after he first joined the company in July 2011, where he worked alongside of Marne Levine, another beltway insider who has worked with the social networking giant as D.C.-based VP of global public policy since 2010.

Veteran Political Staffer Lockhart is popular for his time spent inside the White House as communications secretary for President Bill Clinton during the final half of Clinton’s second term in office. His departure follows a series of other high-profile exits, including former head of platform partnerships Ethan Beard and former director of platform marketing Katie Mitic, who both disclosed their departures on the same day in August. Earlier in June, CTO Bret Taylor also revealed his exit.

With market capitalization of $47.02 Billion, Facebook Inc. (NASDAQ:FB)’s shares were trading within the range of $21.41-$22.40 while its opening price was $22.32. FB’s current ratio was 11.57 and debt to equity was 0.05.
FB belongs to technology sector with industry of Internet Information Providers and its archrivals include Zynga and Groupon. Let’s have a look over opponents’ performance.

Zynga Inc. (NASDAQ:ZNGA) surged 0.54% to $2.82 with the total traded volume of 13.55 million shares and Groupon Inc. (NASDAQ:GRPN) grew 2.67% to $4.80 with the total traded volume of 5.94 million shares.

FB is ahead of its 52 weeks low with 25.06% and lagging behind from its 52 weeks high price with -51.23%. FB’s last month’s stock price volatility remained 4.46%. The stock price of FB is moving forward from its 20 days moving average with +4.09% and remote positively from 50 days moving average with +4.98%.

FB’s current year’s earnings per share got a lift of 79.57% while its current quarter performance stayed at -30.83%.



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