4-28-2021 – Facebook reported better than expected 1Q results after the bell. FB reported earnings of $3.30/share topping the expectations of $2.37/share. The Revenue came up to $26.17 billion well above Wall Street expectations of $23.67 billion.
FB stock is trading 4.85% higher at $322.62 in post-market trading
Facebook FB has acquired SportStream, a startup that aggregates sports content and uses it to offer custom social media-focused content solutions to teams and media companies.
Facebook’s FB offering price is $55.12, only $0.52 below where shares traded when the offering was first announced
Facebook FB will be joining the S&P 500 following the Dec. 20 close, and will also be added to the S&P 100. The social networking giant is replacing test equipment vendor Teradyne TER
Facebook FB is reportedly in talks to acquire Bangalore-based product start-up Little Eye Labs.
Facebook Profile
Facebook, Inc. operates as a social networking company worldwide. It builds various tools that enable users to connect, share, discover, and communicate with each other on mobile devices and computers.
The companys Facebook Platform is a set of development tools and application programming interfaces that enables developers to integrate with Facebook for creating social apps and Websites. As of December 31, 2012, it had 1.06 billion monthly active users and 618 million daily active users.
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