4:59 PM Facebook (FB) is partnering with Nokia (NOK) to offer free access to Facebook services (provided carriers support it) to buyers of the new $99 Asha 501, which is aimed at emerging markets. The deal helps the 501 better compete against low-end Android competition, and extends Facebook's efforts to grow its emerging markets base by offering free/discounted access. 44M of the 54M monthly users Facebook added in Q1 came from outside of North America or Europe, and many were likely mobile-only. Monetizing these users remains a challenge. Read comments
FB price at time of publication: $26.68. Check FB price now »
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Focus Articles on FB
- Facebook's Phantom Revenue Could Be A Windfall by Scott Ryan
- Facebook's Greatest Strength May Be Its Greatest Weakness - Buy Something Else by Abu Bakr Hussain
- Despite The High Expected Growth, Facebook Is Overpriced by Fundamental Analyst
Press Releases on FB
- Facebook Reports First Quarter 2013 Results (PR Newswire)
- Facebook to Announce First Quarter 2013 Results (PR Newswire)
- Susan Desmond-Hellmann Joins Facebook Board of Directors (PR Newswire)
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Transcripts on FB
- Facebook's CEO Discusses Q1 2013 Results - Earnings Call Transcript
- Facebook's CEO Discusses Q4 2012 Results - Earnings Call Transcript
- Facebook's CEO Discusses Q3 2012 Earnings Results - Earnings Call Transcript
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