Facebook (FB) stock has been in the green lately. On Friday, it hit a new all-time high at the close, ending the session at $234.91.
Social media giant, Facebook announced on Thursday that its Workplace enterprise software has now reached over 5 million paid users, however, it faces stiff competition from apps like Slack and Microsoft Teams.
Facebook (FB) stock price is rising as Mark Zuckerberg announced the introduction of Facebook Shops which is a shopping feature available for free to users of Facebook, Instagram and Whatsapp.
Facebook has long used Giphy’s application program interface throughout its main Facebook app, Messenger, Instagram and WhatsApp. Now Facebook is acquiring Giphy.
Zoom (ZM) stock price has risen in the last trading session as Facebook introduced Messenger Rooms that is a drop-in video chat,
As Twitter has explained, its employees can work from home “forever” as remote working has proved to be efficient. Therefore, it’s up to the staff to decide how they will work after the pandemic ends.
Analysts predict Facebook has seen its year-over-year earnings grow on higher revenues for the first fiscal quarter of this year that ended in March. Therefore, FB stock is rising.
Facebook’s new gaming app will be mainly focused on watching and making game live streams. Android users anywhere in the world can try it today. After Apple approves the app, it will be available on iOS as well. FB stock is slightly down.
Facebook (FB) stock is on the rise for the past few weeks, Zuckerberg decided to cancel events involving more than 50 people and to allow employees to work from home through summer.
Facebook released a new app for couples to private message each other called Tuned. It allows couples to send messages, exchange music and create a digital scrapbook.
Facebook (FB) stock price was rising today in the pre-market. The company now wants to become a serious rival for Zoom.
It will be quite challenging for Shorts created by YouTube to immediately become as popular as TikTok. However, it is possible with its great user base of over 2 billion monthly active users. Google (GOOGL) stock was down yesterday.
Zoom (ZM) stock price is down around 6% after several privacy issues are discovered. The video conferencing company has faced a lawsuit in California and an investigation by the New York Attorney General.
Because of COVID-19, consumer demand for advertising (30% to 45% of Facebook’s total revenue) has fallen. Facebook (FB) stock has also suffered. Today, it has opened at $158.92.
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