Key Developments: Facebook Inc (FB.O)

FB.O on Nasdaq

60.87USD
24 Apr 2014
Price Change (% chg)

$-0.49 (-0.80%)
Prev Close
$61.36
Open
$63.60
Day's High
$63.65
Day's Low
$59.77
Volume
138,540,123
Avg. Vol
69,054,220
52-wk High
$72.59
52-wk Low
$22.67

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Latest Key Developments (Source: Significant Developments)

Facebook CFO David Ebersman to step down
Wednesday, 23 Apr 2014 04:01pm EDT 

Facebook Inc:Says David Ebersman, Chief Financial Officer, is stepping down.On June 1, David Ebersman will be succeeded as CFO by David Wehner, currently Vice President, Corporate Finance and Business Planning.Ebersman will remain with the company through September to ensure a seamless transition of his responsibilities.  Full Article

Axa SA announces strategic partnership with Facebook
Friday, 11 Apr 2014 11:48am EDT 

Axa SA:strategic partnership with Facebook to further develop its digital, social and mobile footprint in France and globally.Partnership leverages scale of both businesses via ground-breaking innovation and access to research, training and capabilities, particularly on mobile.  Full Article

Facebook to acquire Oculus VR Inc
Tuesday, 25 Mar 2014 05:30pm EDT 

Facebook Inc:Says it has reached a definitive agreement to acquire Oculus VR, Inc, for a total of about $2 billion.Agreement also provides for an additional $300 million earn-out in cash and stock based on the achievement of certain milestones.Transaction is expected to close in the second quarter of 2014.  Full Article

Facebook Inc starts trading on BM&FBovespa
Friday, 7 Mar 2014 02:38pm EST 

Facebook Inc:Shares (Brazilian Depositary Receipts, BDRs) will be traded on Brazilian stock exchange BM&FBovespa as of March 10, quoted in Brazilian real per unit and with a standard trading lot of 100 BDRs.Shares will be traded under the FBOK34 ticker.  Full Article

Mondelez International Inc partners with Facebook Inc
Thursday, 6 Mar 2014 09:29am EST 

Mondelez International Inc:Says Global strategic partnership with Facebook, as the company continues to shift more media spending to digital, especially social and mobile, across the entire consumer journey.The partnership leverages the scale of both businesses to deliver overall competitive advantage via step-change brand-building, ground-breaking innovation and access to research, training and capabilities.  Full Article

Ericsson and Facebook create innovation lab for Internet.org
Monday, 24 Feb 2014 03:04am EST 

Ericsson and Facebook:creation of a joint innovation lab supporting the Internet.org initiative.Internet.org Innovation Lab, an Ericsson-Facebook collaboration, will provide an environment and for optimizing applications, networks, devices and services for the next five billion Internet users.  Full Article

Facebook Inc to acquire WhatsApp
Tuesday, 18 Feb 2014 07:00pm EST 

Facebook Inc:Reaches definitive agreement to acquire WhatsApp, a cross-platform mobile messaging company, for a total of about $16 billion, including $4 billion in cash and about $12 billion worth of Facebook shares.Says the agreement also provides for an additional $3 billion in restricted stock units to be granted to WhatsApp’s founders and employees that will vest over four years subsequent to closing.Upon closing of the deal, all outstanding shares of WhatsApp capital stock and options to purchase WhatsApp capital stock will be cancelled in exchange for $4 billion in cash and 183,865,778 shares of Facebook Class A common stock.In addition, upon closing, Facebook will grant 45,966,444 restricted stock units to WhatsApp employees (worth $3 billion based on the average closing price of the six trading days preceding Feb. 18, of $65.2650 per share).Facebook was advised by Allen & Company LLC and Weil, Gotshal & Manges LLP; and WhatsApp was advised by Morgan Stanley and Fenwick & West, LLP.  Full Article

Marathon Patent Group Inc's Sampo IP files patent infringement lawsuits against Facebook Inc
Monday, 10 Feb 2014 09:16am EST 

Marathon Patent Group Inc:Says its wholly-owned subsidiary Sampo IP, LLC, has filed patent infringement lawsuits in the United States District Court of Delaware against Facebook Inc.Says Sampo is asserting infringement related to U.S. Patent number 6,772,229 each entitled Centrifugal Communication and Collaboration Method against Facebook Inc.The lawsuit alleges that the Defendant have infringed, and continue to infringe, the claims of the patents in suit by using the accused communications systems and methods covered by the claims of the asserted patents.  Full Article

Yandex NV announces partnership agreement with Facebook Inc
Monday, 13 Jan 2014 07:00pm EST 

Yandex NV:Announces a partnership agreement with Facebook, giving Yandex full access to the social network’s “firehose” of public data.Says as of Jan. 14, public content from Facebook users in Russia, Ukraine, Belarus, Kazakhstan, other CIS countries and Turkey will be available for indexing by Yandex as soon as it has been published.Says the agreement only covers data from Facebook users in the above countries, published under “Public” privacy settings.Says profiles and posts that Facebook users mark “Private” will not be searchable.Says Yandex will use data from Facebook’s public firehose feed to improve the quality of its search results.Says where appropriate, Yandex’s search results will incorporate articles and videos that have had particular resonance on the social network.Says the popularity of materials on Facebook will be taken into consideration when ranking search results.Says Yandex’s partnership agreement with Facebook, and its resulting full access to Facebook's firehose of public data, means that Facebook will be better represented in Yandex's search results.  Full Article

Facebook Inc to buy India-based app monitoring tool maker - Reuters
Wednesday, 8 Jan 2014 02:41am EST 

Facebook Inc:Says it is buying India-based Little Eye Labs, a startup that builds performance analysis and monitoring tools for mobile Android apps - Reuters.Says the terms of the deal were not disclosed.  Full Article

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Equity indexes up on Apple, Ukraine tempers rise

NEW YORK - Global equity markets rose in choppy trading on Thursday in the wake of strong earnings results from tech heavyweights Apple and Facebook, but worries about rising tensions in Ukraine limited gains and dragged the dollar lower.

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