Facebook Inc (NASDAQ:FB) is preparing to join the mobile-payments race with remittances and electronic-money services on the social network, the Financial Times reported, citing several people involved in the process.
There's never a shortage of rumors swirling around Facebook (NASDAQ: FB ) . And after multiple acquisitions, a couple of which were outside Facebook's traditional "comfort zone," the rumor mill was bound to kick into gear. But the latest scuttlebutt ...
Facebook Inc. (NASDAQ:FB) shares climbed 3.06 percent to $59.97 a day after technology stocks bounced back from a selloff. Priceline Group Inc. (NASDAQ:PCLN) and Zynga Inc. (NASDAQ:ZNGA) shares gained, while Tesla Motors Inc. (NASDAQ:TSLA) ...
While the company already has a small payments business in place, concentrated mostly on allowing Facebook game users to make in-game purchases for virtual goods, that business is stagnating as gaming moves away from Facebook toward mobile.
The world's largest search engine, along with Facebook Inc (NASDAQ:FB) and Twitter, which are due to report financial results in coming weeks, are revamping their products and advertising business to account for smartphones.
Facebook Inc (NASDAQ:FB) received the approval of the United States Federal Trade Commission (FTC) to acquire WhatsApp for $19 billion, but warned both companies regarding its use data collection policies.
Google Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) agreed Monday to buy Titan Aerospace, maker of solar powered high altitude drones, winning a battle with fellow Silicon Valley consumer data aggregator Facebook Inc (NASDAQ:FB) over the purchase.
When Facebook Inc (NASDAQ:FB) releases the results from its first quarter, Wall Street is going to be expecting a lot. The social network has been posting significant growth over the last year or so, and investors will expect that to continue.