Of all the problems plaguing Facebook Inc. (Nasdaq: FB), rival messaging services is a big one.
In a move aimed at tackling that growing issue, the world's largest social media company announced Monday it has hired PayPal executive David Marcus.
By Diane Alter, Contributing Writer, Money Morning -
Of all the problems plaguing Facebook Inc. (Nasdaq: FB), rival messaging services is a big one.
In a move aimed at tackling that growing issue, the world's largest social media company announced Monday it has hired PayPal executive David Marcus.
But that hire is really move into this other profitable industry...
By Diane Alter, Contributing Writer, Money Morning -
Of all the problems plaguing Facebook Inc. (Nasdaq: FB), rival messaging services is a big one.
In a move aimed at tackling that growing issue, the world's largest social media company announced Monday it has hired PayPal executive David Marcus.
But that hire is really move into this other profitable industry...
By Diane Alter, Contributing Writer, Money Morning -
Why the sudden slip in Facebook (Nasdaq: FB) stock?
Shares of the social networking leader slipped some 5% intraday Friday to $56.50. That followed a 5.15% drop on Thursday. The recent slump has nearly wiped out all of 2014's gains and leaves shares close to FB's Jan 2 opening price of $54.83.
While FB shares are still up a modest 5% year to date, they sit roughly 20% off the highs hit less than a month ago.