Facebook Inc (NASDAQ FB) has spent a large amount in acquiring WhatsApp, the most popular messaging app, and this acquisition has come at a huge cost of more than $19 billion. Though the general perception might be that Facebook would want to monetize its investments and seek good returns ASAP, a report indicates that the…
Southern Company (NYSE:SO) Response expects to need more than $500 million of taxpayer support to complete its $2.36 billion of claims. The crown entity was set up in 2012 by the Government to manage and settle the claims of the failed Canterbury insurer AMI Insurance. It is almost halfway through, having settled $1.067b of the…
Facebook is not as much fun for teens as Instagram and other social networking sites are, reveals a survey. Facebook Inc (NASDAQ FB) is losing popularity among teens as more and more youngsters prefer Instagram and Twitter Inc (NYSE TWTR) to fulfill their social media needs, says a report from Piper Jaffray. There is no…
Pandora Media Inc (NYSE:P) CRO John Trimble sold 40,000 shares of Pandora Media stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $23.48, for a total transaction of $939,200.00. Following the completion of the transaction, the executive now directly owns 113,067 shares of the company’s stock, valued…
Facebook Inc (NASDAQ FB) launched a new advertising type – local awareness ads, which will be available to U.S. advertisers in few weeks time while it will take few months to make the said feature available on a global scale. This is yet another way of money making and if it does not get the…
Facebook Inc. has completed its purchase of WhatsApp Inc. for about $22 billion — roughly $3 billion more than expected, due to a recent rise in Menlo Park-based Facebook’s stock, according to Reuters. Facebook Inc (NASDAQ:FB) belongs to Technology sector. Its net profit margin is 23.70% and weekly performance is -3.48%. On last trading day…
