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24 Sep 2017

Facebook boss Zuckerberg to sell shares for charity efforts

Zuckerberg said he plans to sell 35 million to 75 million shares - worth up to USD 12 billion at current prices - over the next 18 months for philanthropy.

27 Jul 2017

Facebook shares hit record high as mobile ad sales soar

Facebook Inc`s mobile advertising business grew by more than 50 percent in the second quarter, the company said in its earnings report on Wednesday, as the social network continued to establish itself as the venue of choice for an ever-growing array of online advertisers.

30 Dec 2015

Facebook must face shareholder class actions over IPO

A federal judge has certified two shareholder class actions accusing Facebook Inc of hiding concerns about its growth forecasts prior to the social media company`s May 2012 initial public offering.

06 Nov 2015

Facebook soars to new heights on upbeat earnings

Facebook shares rocketed to an all-time high as investors welcomed solid earnings for the social networking giant, which has seen big gains in advertising and better connections in mobile and video.

12 Jun 2015

Facebook shareholders shoot down 'one share, one vote' proposal

Facebook`s eight directors, including Netflix Inc Chief Executive Reed Hastings and Facebook`s chief operating officer, Sheryl Sandberg, were re-elected.

29 Oct 2014

Facebook warns of increased spending, shares fall

Mobile ads represented 66 percent of Facebook`s advertising revenue, up from 49 percent of ad revenue in the year-ago period.

29 Oct 2014

Facebook Q3 revenue rises 59%, shares flat

The world`s No.1 online social network said its total number of monthly users reached 1.35 billion in the third quarter, with 864 million users accessing the service every day.

06 Oct 2014

Facebook's WhatsApp acquisition now has price tag of $22 billion

WhatsApp founder Jan Koum will receive nearly $2 billion in stock, vesting over a four-year period, as an inducement for him to stay with the company.

25 Jul 2014

Facebook gets mega-cap status; valued more than AT&T, Coke

Facebook's $190 billion market value makes it bigger than such bellwethers as Coca-Cola and AT&T.

24 Jul 2014

Facebook shares hit record high as market likes earnings

Shares of Facebook Inc hit a record high on Thursday after a surge in mobile advertising revenue helped the world`s No. 1 social network trounce analysts` expectations for quarterly profit and revenue.

11 Jun 2014

Wall Street ends near flat; Dow hits record for 4th day

US stocks finished nearly flat on Tuesday, although the Dow eked out another record closing high as utilities` shares fell while 10-year bond yields hit their highest level in a month.

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