Posts Tagged ‘Facebook’

Facebook stock receives boost from news of improved mobile ad platform

Facebook’s stock gained with the news of an improved advertising platform to boost revenue. Facebook has been unable to convert its revenue despite having 955 million users registered on its website. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Facebook CEO Mark Zuckerberg promises better mobile strategy

Nathan Andrada – Fourth Estate Cooperative Contributor San Francisco, CA, United States (4E) – Speaking at the TechCrunch Disrupt conference in San Francisco on Tuesday, Facebook CEO Mark Zuckerberg said that he was disappointed by the performance of the company’s stock that has disappointed many of their investors, but he vowed to improve results with […]

Zuckerberg promises not to sell shares for at least a year

Jerimiah Yap – Fourth Estate Cooperative Writer Menlo Park, CA, United States (4E) – Facebook founder and chief executive officer Mark Zuckerberg doesn’t plan to sell his shares despite the company’s falling stock prices. Some Facebook executives have already sold shares, including co-founder Dustin Moskovitz. Facebook director Peter Thiel sold his shares of the company […]

eMarketer lowers estimated sales of Facebook for this year

Marketing research website eMarketer first estimated Facebook’s sales to reach a little more than 6 billion by the end of this year. However with the social media giant’s recent struggles, eMarketer has lowered its estimation to $ 5.04 billion. Last year, Facebook made huge strides by posting an 88 percent increase in revenue and 68 […]

Facebook co-founder Moskovitz sells some shares, plans to sell more

Jerimiah Yap – Fourth Estate Cooperative Writer New York City, NY, United States (4E) – A few weeks ago Facebook director Peter Theil sold about 80 percent of his shares and earned an estimated $ 1 billion with only an investment of half a million dollars. Recently, Facebook co-founder Dustin Moskovitz has followed suit and […]

Facebook’s acquisition of Instagram approved by the Federal Trade Commission

Jerimiah Yap – Fourth Estate Cooperative Writer San Francisco, CA, United States (4E) – Facebook’s acquisition of popular photo app Instagram was given the go-signal by the Federal Trade Commission (FTC). The FTC finished the investigation of the deal and Facebook was allowed to proceed to transact the $ 747 million deal. The deal includes […]

Facebook director sells $1 billion in shares

The future of Facebook is uncertain as ever with director Peter Thiel selling about $ 1 billion of his Facebook shares. Thiel invested half a million dollars eight years ago in the social media company and saw his investment balloon into a fortune before Facebook’s initial public offering. Article © AHN – All Rights Reserved […]

Options on Facebook to start trading Tuesday

Diane Alter – Fourth Estate Cooperative Reporter New York, N.Y., United States (4E) – Just days after Facebook’s less than stellar initial public offering, options on the social networking giant begin trading Tuesday on the NYSE Amex stock exchange. BATS Options Exchange will list options Wednesday. Initial strikes will be from $ 16 to $ […]

Facebook opens at $42

Diane Alter – Fourth Estate Cooperative Reporter New York, N.Y., United States (4E) – Following months of speculation, hype and frenzy, Facebook finally began trading as a public company Friday. Shares were priced Thursday night at $ 38 a share, valuing the company at $ 104 billion, raising $ 16 billion, and making it the […]

Facebook sees photo op with Instagram

Facebook saw a photo op in Instagram and bought the photo app maker Monday for $ 1 billion. The acquisition comes just weeks before Facebook plans to go public. Article © AHN – All Rights Reserved Economy, Business And Finance Stories