Facebook's shopping spree continued this week with the purchase of Oculus VR. But what on Earth is the world's largest social media outfit going to do with a company that makes virtual reality goggles?
The big question looming over Facebook Inc. (Nasdaq: FB) is what its next move will be.
It's going to be tough to trump the social media giant's $19 billion purchase of WhatsApp on Feb. 19. [Almost as hard as it's going to be to beat the 158% price move FB stock has seen over the past year.]
While many balked at the exorbitant price paid for the five-year-old messaging app for smartphones, Facebook CEO Mark Zuckerberg sees great potential in the acquisition. Referring to WhatApp's soaring growth, Zuckerberg said, "No one in the history of the world has done anything like that."
When Facebook Inc. (Nasdaq: FB) recently announced it was buying the messaging service WhatsApp for $19 billion, it touched off an avalanche of controversy and criticism.
We saw comments from the usual market pundits and stock jockeys. But with WhatsApp - thanks to the unique name, and the immense purchase price - even the late-night comedians stepped up.
U.S. stocks closed mixed today, with the Dow Jones Industrial Average incurring losses, while the S&P 500 and the tech-heavy Nasdaq noted modest gains.
Energy futures fell today, with crude oil, heating oil, and natural gas futures significantly off. Light, sweet crude oil for April delivery is down 2.1% at $97.91 per barrel today; heating oil is down 1.4% at $2.92 per gallon; and natural gas is down 1.7% at $4.52 per million BTUs.
Meanwhile, metals futures rose, with gold trading up 1.5% at $1,367.50 per ounce, platinum trading up 0.7% at $1,475.30 per troy ounce, and silver rising 2.2% at $21.28 per ounce.
It may have been geeky male programmers that created social media apps like Facebook and Twitter, but it's mostly female users who drive their profitability. Here's what women do online that
What is Facebook Inc. (Nasdaq: FB) up to?
The social networking leader is slated to buy long-endurance, solar-powered drone maker Titan Aerospace in a $60 million deal.
Monday's broad-based rally sent the S&P 500 Index to an intraday record and also helped push Facebook Inc. (Nasdaq: FB) stock to an all-time high of $70.92.
Shares of the social networking giant climbed 3.4%, or 2.33 points, to the new high. Volume was heavy, with 76.63 million shares changing hands - compared to FB's average daily volume of 63 million shares.
Facebook is crazy for wanting to buy messaging company WhatsApp for $19 billion - crazy like a fox. But most in the media have completely missed the key to why this deal is so smart.
For Facebook Inc. (Nasdaq: FB)if you can't beat 'em, buy 'em...
In its biggest acquisition yet, Facebook announced late Wednesday it's buying mobile messaging company WhatsApp in a $19 billion blockbuster deal.
At first blush, Facebook's earnings look good - the social networking giant beat expectations by $.04 a share, and revenue was up 63% year over year. But there are several trends among Facebook users that are going in the wrong direction, and threaten future growth.
Facebook (Nasdaq: FB) stock has more than doubled this year, but can it get another shot in the arm with a new ad strategy?
The company recently announced that it will begin using video ads that will automatically play on users' news feeds.
Facebook (Nasdaq: FB) stock still has a lot to prove if it wants to win over value investors, but it took a big step in that direction Wednesday with the announcement of its addition to both the S&P 500 and S&P 100 Indexes.
The social networking giant will replace Teradyne Inc. (NYSE: TER), a manufacturer of test computer chips, in the prestigious broad-based S&P 500, and will change places with natural gas company Williams Cos. Inc. (NYSE: WMB) in the more elite S&P 100 at the close of business on Dec. 20.
I've made no bones about my feelings for Facebook Inc (Nasdaq:FB) - that it's overrated, a flash in the pan, and ultimately doomed.
Yes, the company just knocked the ball off earnings yesterday. And the stock is up 4.86% as I write this. But I really couldn't care less what happens in the short term. I still can't get behind its long-term potential.
The Q3 earnings report released yesterday (Wednesday) gives us some clues...
FB stock surged 14% in after-hours trading Wednesday, after the social media giant announced a third-quarter profit of $425 million, or $0.17 a share.