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.
Facebook Inc., the world’s largest social-networking company, could be exposed to legal challenges surrounding its initial public offering similar to those faced by Morgan Stanley, according to legal experts.
Facebook Inc. Chief Financial Officer David Ebersman is meeting with investors in New York today, a person familiar with the matter said, days before the lifting of a ban on stock sales by some of the company’s biggest shareholders.
Facebook Inc., the world’s most-used social networking service, is moving its headquarters to Sun Microsystems Inc.’s former campus in Menlo Park, California, in the area’s biggest office leasing deal in two decades.
Five of the ten best-paid finance chiefs last year work in the technology industry, as executives at companies from Apple Inc. to Google Inc. were rewarded for increasing profit, amassing cash and minimizing taxes.