Facebook (NASDAQ FB) has always had a strong interest in the online publishing of content. It has always looked increase published content on its platform. They have made yet another strong statement by acquiring the likes of Tugboat Yards. Tugboat Yards is a California based start up. It specializes in helping small and medium scale organizations’ manage their audience.
Here in this article, we will take a closer look at the Facebook (NASDAQ FB) stock. We will look at the recent acquisition from Facebook which looks to be a strategic one. We will look at how it might effect the stock performance and also the long term investment interests of its stock holders.
Facebook Inc: Facebook’s latest acquisition
Tugboat has been built to provide its users with the ability to promote offers, subscriptions and other tools and make all these things customizable as well. The company has customers as small and medium scale startups which are looking to monetize their audiences.
The financial details of the transaction were not revealed by either of the two parties. It was also not revealed as to how Facebook would be using tugboat in the coming weeks. However, Tugboat is expected to work on the media projects from Facebook.
Facebook Inc (NASDAQ FB) Business News
Facebook (NASDAQ FB) has not been near its top game in the recent weeks. The stock has been trading near the levels of $80 which is more than its levels for the past month, but lower than its 3 month levels. Facebook would be hoping for a better performance in coming weeks. Stay tuned for more updates.
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