Tag: NASDAQ: FB (Facebook)

  • Facebook Q3 earnings: profit beats estimates

    Surprise surprise, Facebook beats profit estimates. I was skeptical in this round considering Apple’s effort on privacy and I was wrong Looks like ads are still doing pretty well. Facebook reported mixed third quarter earnings on Monday, slightly missing revenue estimates but continuing to grow its user base in the face of multiple controversies that…

  • Facebook fined $69.6 million in the UK for Giphy takeover

    After Facebook acquired the popular GIF repository Giphy (reportedly for $400 million), the UK’s Competition and Markets Authority (CMA) launched an investigation to determine if the merger would lessen competition. As part of that probe, it said Facebook couldn’t continue with activities related to the merger (integrating products, merging teams and so on) without prior approval from…