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Facebook stock hits all-time highs on strong earnings

AP FILE PHOTO

Facebook stock jumped to record highs Thursday as strong earnings from the leading social network sparked fresh buying.

Posted: July 25th, 2014 in Latest Business Stories | Read More »

Facebook profits triple as mobile soars

AP FILE PHOTO

Facebook profits tripled to $642 million in the first quarter on a 72-percent surge in revenues helped by strong gains in mobile users and mobile advertising.

Posted: April 24th, 2014 in Latest Business Stories | Read More »

US Internet ad revenue surpasses broadcast

Delegates from various media organizations visit the AFP exhibition displayed at the 65th World Newspaper Congress at a hotel in Bangkok on Monday, June 3, 2013. Despite uncertainties brought about by digital challenges, the future of the news publishing business looks promising, experts said at the opening of the newspaper congress.  AFP PHOTO/PORNCHAI KITTIWONGSAKUL

For the first time, U.S. Internet advertising revenue has surpassed that of broadcast television thanks to sharp growth in mobile and digital video ads.

Posted: April 11th, 2014 in Latest Business Stories | Read More »

Facebook CEO Zuckerberg reaps $3.3B gain from stock options

Mark Zuckerberg , Facebook

Facebook CEO Mark Zuckerberg reaped a $3.3 billion gain last year by exercising stock options in the social networking company that he founded in a Harvard University dorm room.

Posted: April 1st, 2014 in Latest Business Stories | Read More »

Facebook prices secondary stock offering at $55.05

AP FILE PHOTO

Facebook has priced a secondary offering of its stock at $55.05 a share in a deal that will generate a $2.3 billion windfall for CEO Mark Zuckerberg.

Posted: December 21st, 2013 in Latest Business Stories | Read More »

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