Facebook to charge merchants to run offers
Facebook will start charging businesses to run Offers on its social network, turning a previously free service into a potential revenue generator at a time when Wall Street is demanding new sources of growth and profit from the company. Ref. Stuff.co.nz
Facebook shares were trading over $20 in early trading Wednesday. As the third "Lockup" restriction on trading expires today, employees can sell 777 million more shares, adding to 1.3 billion shares already available for trading. Ref. USAToday
Facebook CEO Mark Zuckerberg cashed stock options for a gain of nearly $2.3 billion, the social media giant said in a proxy filing Friday. Facebook COO and author of 'Lean In' Sheryl Sandberg received vested shares valued at over $821 million, on top of a restricted stock grant valued at $25.6 million. Ref. USAToday
Facebook shares soar on positive earnings news
Shares of Facebook soared more than 10% after hours when quarterly results bested expectations. The No. 1 social networking company reported quarterly profit of $333 million. Ref. USAToday