Facebook Inc. offered to pay about $3 billion for mobile application Snapchat Inc., a person with knowledge of the matter said, adding to evidence that the company is willing to dig deep into its cash pile to reach young people.
Facebook Inc. is putting the brakes on the number of ads that appear within user posts and said that younger teens aren’t using the site as much as they used to, suggesting revenue growth may lose steam.
Oct. 22 (Bloomberg) -- Brian Wieser, an analyst at Pivotal Research LLC, talks about Yahoo Inc.'s performance and outlook. The world's biggest U.S. Web portal today reported profit and sales that beat estimates. He speaks with Nicole Lapin on Bloomberg Television's "Bloomberg West." (Source: Bloomberg)
Facebook Inc.’s initial public offering will give Chief Executive Officer Mark Zuckerberg access to more than $15 billion that may step up the pace and size of acquisitions after a $1 billion deal for Instagram.