Instagram, the mobile photo sharing service of Facebook Inc, has signed a $50 million advertising deal with Omnicom Group, according to sources interviewed by Bloomberg.
Facebook Inc
Peter Hamilton, the Chief Executive Officer of HasOffers, has told Facebook that they deserve a second chance after they were removed as a partner for not adhering to the social media firm's data collection and sharing rules, VentureBeat reported.
What has happened to the Facebook founders a decade after establishing Facebook? An AFP report shows what Mark Zuckerberg, Chris Hughes, Eduardo Saverin, Dustin Moskovitz and Sean Parker are up to.
While incumbent California Governor Jerry Brown has not expressed his plans to run again, donors like Exxon Mobile, Facebook Inc and Microsoft Corp have contributed to his campaign chest, Bloomberg reported.
Nearly 30 funds run by Boston-based Fidelity Investments have bought a total of 2.4 million shares of Twitter in the days after its public debut. Fidelity's Contrafund led the way, holding 1.1 million Twitter shares at the end of November.
NASDAQ OMX Group on Friday said that it would pay $41.6 million on December 31 for qualifying claims related to Facebook's botched initial public offering.
Facebook chief executive Mark Zuckerberg will be selling 41.4 million shares worth $2.3 billion as part of Facebook's follow-on offering of 70 million shares. The said stock offering is worth a total of $3.9 billion.
Facebook chief financial officer David Ebersman early this week sold 532,400 shares in the social networking company at an average price of $50 per share. Ebersman reportedly raised $26.2 million in the deal.
Kumar Rangaranjan, one of the founders of Indian startup Little Eye Labs, told the Wall Street Journal that it was in preliminary discussions with social media giant Facebook regarding a potential deal.
Singaporean investment firm Temasek divested its holdings in US-listed companies Facebook, Monsanto and Air Products & Chemicals. The private equity firm, however, remains focused on energy, healthcare and technology stocks in the US.
The following bids, mergers, acquisitions and disposals were reported on Wednesday including BNP Paribas, Facebook, Crocs, VTB Capital and Flybe Group.
Top 10 US IPOs, Iincluding General Motors (GM), Hospital Corporation of America (HCA), Travelers Companies (TRV), Blackstone Group (BX)
Mobile advertising revenues would play a huge role in Facebook's continued favor with investors, a Reuters report said.
Fund managers said they were optimistic about Twitter's upcoming debut.
Rivalry between Google Inc and Facebook Inc seemed to have thawed after the former announced its partnership with the latter on aiding clients to purchase ad inventory.
Subscribe to VCpost newsletter
Most Popular
- Former CEO Shoots Himself to Commit Suicide After Receiving $25 Million Record-Breaking Fine for Fraud at Steinhoff
- Xi Jinping Warns Dutch PM That 'No Force' Can Stop China's Technological Advancement Amid Export Restrictions
- Businessman Brutally Murdered Allegedly by 4 of His Workers Who Swung an Axe Into His Head
- Taylor Swift Reaches Her Billionaire' Era,' Joining Elon Musk and Jeff Bezos on the List of World's Wealthiest People
- Major AI Companies Unite to Create the World's First Artificial Superintelligence Alliance Worth $7.6 Billion
- Disney Investor Nelson Peltz Criticizes the Company’s 'Woke' Strategy, Questioning 'Black Panther' and 'The Marvels' Films
- Four Deaths May Be Linked to Dietary Supplements Made by Japan’s Kobayashi Pharmaceutical: Report
- Alaska Airlines Passenger Loses Pet Dog During Loading Due to Airline Misstep