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WhatsApp founders own nearly $9B in Facebook stock

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WhatsApp founders Jan Koum and Brian Acton received 116 million shares of Facebook stock currently worth nearly $9 billion when they sold their unprofitable messaging service to the social networking leader earlier this month.

Posted: October 30th, 2014 in Latest Business Stories | Read More »

PLDT expands coverage of ‘free Internet’ program

By
SCREENGRAB from www.pldt.com

Philippine Long Distance Telephone Co. (PLDT) upped the ante in the industry’s promo rivalry as it expanded its “free Internet” promo to a wider number of subscribers, lengthened the offer period to January next year and matched rival Globe Telecom’s free Facebook offer.

Posted: October 4th, 2014 in Editor's Pick,Headlines,Latest Business Stories | Read More »

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 »

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