Facebook shares rose in premarket trading after the tech giant unveiled its part in a new digital currency Libra. Facebook’s stock climbed 2.09% in premarket trading from Monday’s close of $192.96 a share.
Facebook’s Study App targets Indian and US users to determine their browsing behavior but it could be a preparation for the launch of its GlobalCoin set to also start in India.
Goldman Sachs analyst is sure, Netflix (NFLX) stock is all set to soar 80% in a year from now. Here’s a look into how Netflix will lead the video-streaming industry which is likely to see stiff competition in the next few years.
According to the recent forecast provided by Deutsche Bank, a social media company Facebook is going to make an enormous revenue of $10 billion each year by 2021.
On Thursday, two of Facebook’s top-level executives had put their papers down. This hasn’t gone unnoticed as the company’s stock lost 3%.
One Wall Street firm sees major upside for Facebook if its secretive cryptocurrency plan works out. Facebook’s reported stablecoin project could be a significant moneymaker for the social media giant.
Even though Facebook announced, what we could say, pretty big news of releasing their own coin – the Facebook stock price didn’t seem to bother. It still stands pretty steady at $161.45 on Nasdaq.
Facebook reported robust earnings and revenue that handily surpassed Wall Street expectations for the final quarter of 2018 despite heavy spending on safety and security.