Facebook share price: Company tests new Android dialler app

on Mar 23, 2015
Updated: Oct 21, 2019

Facebook Inc (NASDAQ:FB) is developing a dialing application for Android devices, it has been revealed over the weekend. A screenshot posted by website Android Police suggested that the company is testing an app simply titled “Phone”. The screenshot was of an installation message, which seems to have shown up for a small percentage of users of Facebook’s main service, even though the app was apparently meant for internal testing, as suggested by a “[FB-ONLY]” tag. The message offered a description of the app: “Phone is a new app that shows you info about who’s calling and automatically blocks calls from commonly blocked numbers,” the description said.

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The social media giant confirmed the existence of the app to technology blog VentureBeat, although it declined to share further details:“We are always testing things and have nothing to announce at this time,” a spokesman for Facebook said, as quoted by VentureBeat.
Including a Caller ID feature makes a lot of sense for Facebook, given the company’s extensive data base of phone numbers. Many of Facebook’s 1.39 billion users have their phone number saved in their profile, so a Facebook dialler would presumably be able to give users information about incoming calls.
In today’s trading, Facebook shares were down 0.2 percent at $83.61, as of 14:00 UTC. The stock has gained 7.3 percent since the start of the year. The company’s market capitalisation currently stands at $234.2 billion.
The 44 analysts offering 12 month price targets for Facebook have a median target of $91.50, with a high estimate of $107.00 and a low estimate of $65.00.As of March 13, 2015, the consensus amongst 58 polled investment analysts covering Facebook has it that the company will outperform the market. This stance has been maintained since May 29, 2012, when the sentiment of investment analysts improved from hold.
As of 15:48 GMT, Monday, 23 March, Facebook Inc share price is $83.72.


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