Facebook Inc’s purchase of fast-growing mobile-messaging startup WhatsApp for $19 billion stunned the markets but analysts said the deal made strategic sense as it will solidify the social network’s position as a leader in mobile.
Facebook shares were down 3.1 percent before the bell on Thursday, representing a loss of about $5.4 billion in market value.
SAN FRANCISCO — Facebook Inc delivered its strongest revenue growth in two years, beating Wall Street targets as the Internet company’s mobile ad sales continued to accelerate.
Shares of Facebook surged 12 percent to $59.98 in after-hours trading on Wednesday.
The world’s largest social networking company said that revenue from mobile ads represented 53 percent of its total advertising revenue in the last three months of the year, or $1.24 billion, versus the 49 percent proportion that mobile ads represented in the third quarter.
BEIJING — China’s factory activity slowed in December, official and private manufacturing surveys showed, reinforcing views that growth in the world’s second-largest economy moderated in the final quarter of 2013.
The final HSBC/Markit manufacturing Purchasing Managers’ Index (PMI) slipped to a three-month low of 50.5 in December from 50.8 in November. Read more
Posted in Total
Tagged growth, month, pmi
ATHENS — Free-trade talks between the United States and the European Union are in danger of being derailed by populist groups opposing everything from globalization to multinationals, EU ministers and business leaders said on Friday.
The rise of anti-EU parties, reports of U.S. spying in Europe and accusations that a trade pact would pander to big companies have combined to erode public support for a deal that proponents say would dramatically increase economic growth.
Posted in News
Tagged are, said, trade