Tag: FB

Facebook Inc.’s (NASDAQ: FB) decision to not increase the frequency of ads it shows to its users in the near future hasn’t been welcomed by investors. Shares were mainly flat on Thursday despite a better-than-expected fiscal third quarter results, which were by the social networking giant on Wednesday after the market close. For the latest quarter, Facebook reported earnings of 25 cents per share on revenue of $2.02 billion, beating Wall Street’s expectation for earnings of 19 cents per share on revenue of $1.91 billion. The company’s revenue from mobile advertising continued to grow in the latest quarter.

Facebook (NASDAQ: FB) has agreed to acquire an Israeli start-up app maker, Onavo for an undisclosed sum. Onavo, which was founded three year ago, develops mobile utility app, helping users to cut phone costs through more effective use of data. According to Calcalist, a financial website, the online social networking giant is paying between $150 million to $200 million. After the deal is closed, Onavo app will continue to remain as a standalone brand. The deal marks Facebook’s biggest ever acquisition in Israel. Shares, however, fell on Monday. At last check, shares were down 2.20% to 48.03.

Jordan Rohan and Michael Purcell, Equity research analysts at Stifel raised price target on Facebook Inc. (NASDAQ: FB) to $50. The firm reiterated a “buy” rating on the stock. The research report cited Facebook’s unexpected growth in the recent past, which breached the earlier price target of $38.01. The analysts expect that the stock’s uptrend will continue as the social networking giant has been consistently beating analysts’ expectation on revenue front even as margins are improving incrementally. Shares of Facebook, however, were nearly flat at $41.31 by mid-day trade on Friday.

Mark Zuckerberg, the CEO of social networking giant Facebook (NASDAQ: FB) has one dream; to make internet accessible for those people who cannot afford it. To achieve this goal, Zuckerberg has chosen Samsung Electronics and four more companies. The project dubbed as Internet.org will aim at bringing internet access to next 5 billion people around the world for whom accessing internet is like a luxury. The project will kick start from Wednesday August 21.

Shares of Facebook Inc. (NASDAQ: FB) soared in afterhours trading on Wednesday as the social networking giant’s fiscal second quarter results topped analysts’ consensus estimate, aided by rising revenue from mobile ads business. Continue reading Facebook Beats Q2 Estimates as Mobile Ads Revenue Soar (FB)