Tag: Facebook shares

Zuckerberg abandons plans for new class of company stock

Zuckerberg abandons plans for new class of company stock

Written by on September 25, 2017 in News with 0 Comments

WILMINGTON, Del. (Reuters) – Facebook Inc Chairman Mark Zuckerberg abandoned plans on Friday to create a new class of company stock with no voting power, which was meant to be a way for Zuckerberg to retain control over the company he founded while fulfilling a pledge to give away his wealth. Zuckerberg on Friday said […]

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Facebook is now almost entirely dependent on advertising

Facebook is now almost entirely dependent on advertising

Written by on May 5, 2017 in News with 0 Comments

SAN FRANCISCO (Reuters) – Facebook Inc’s growth into a digital advertising power is showing a flip side: The social network is more dependent than ever on the cyclical ad market, even as its rival Google finds new revenue streams in hardware and software. The company reported on Wednesday that 98 percent of its quarterly revenue came […]

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News highlights – 2 November

News highlights – 2 November

Written by on November 3, 2016 in News with 0 Comments

News highlights for 2 November Microsoft launches business messaging system, takes on Facebook, Slack (Reuters) – Microsoft Corp launched a messaging system for businesses, Microsoft Teams, on Wednesday, putting it in direct competition with fast-growing startup Slack and Facebook Inc’s Workplace product. Read more… Facebook shares hit by warning of slowing growth (Reuters) – Facebook […]

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