After reporting huge growth in its fourth quarter last month, Facebook (NASDAQ:FB) investors are now looking forward. In order to justify the stock's price-to-earnings ratio of 77, they have big expectations.
By shutting down Parse, Facebook will lose a way to profit from apps for mobile devices and the Internet of Things (IoT), which connects wearables, smart appliances, cars, and other objects to the cloud.
Facebook Inc (NASDAQ:FB) was unable to keep pace with the Super Bowl 50 game, which dominated online chatter Sunday. The match was between Denver Broncos and Carolina Panthers, and about 60m people made use of Facebook for 200 million ...
Facebook Inc (NASDAQ: FB) shares are trading lower by $3.80 at $100.27 in Monday's session. It is in the red for the fourth day in a row after posting its all-time high on February 2 ($117.59) and all-time closing high the previous day ($115.09).