Editor’s Note: Related tickers: Facebook Inc (NASDAQ:FB), Yahoo! Inc. (NASDAQ:YHOO), AOL, Inc. (NYSE:AOL), Google Inc (NASDAQ:GOOG), OpenTable Inc (NASDAQ:OPEN)
Facebook Inc (NASDAQ:FB) chief operating officer Sheryl Sandberg sold about 91 million worth of shares in the social network after the stock topped its 38 initial public offering price for the first time since May 2012. Sandberg sold 2.37 million Facebook Inc (NASDAQ:FB) shares on August 7, two days after Facebook Inc (NASDAQ:FB) closed at a record high of 39.19, according to a regulatory filing. With the latest sale she has sold more than seven million shares, or about 12 per cent her total, since the IPO. The holdings include unvested restricted stock units as of end-2012 and options.
Facebook Inc (FB): A Look At Trends Driving Ad Revenue (iStockAnalyst)
Facebook Inc (NASDAQ:FB) second quarter operating momentum has continued into the third quarter, driven by advertiser adoption of new product launches in both the recent past such as FBX in Newsfeed and mobile app installs. Facebook Inc (NASDAQ:FB) remains under-monetized user base relative to peers given the time spent on the platform. Though Facebook Inc (NASDAQ:FB) currently generates more revenue per user than Yahoo! Inc. (NASDAQ:YHOO) or AOL, Inc. (NYSE:AOL), it is still significantly under-monetized versus Google Inc (NASDAQ:GOOG) its largest advertising peer.
Facebook Inc (NASDAQ:FB) Adding Online Restaurant Booking Service App (FiscalInsider)
Facebook Inc (NASDAQ:FB) has made another deal with OpenTable Inc (NASDAQ:OPEN), an online restaurant booking service. According to the deal, OpenTable Inc (NASDAQ:OPEN) with the collaboration with Facebook Inc (NASDAQ:FB) expands the online booking service to Facebook Inc (NASDAQ:FB) mobile services; this will facilitate users to reserve tables at restaurants through Facebook Inc (NASDAQ:FB) app. The announcement was made by the world no. 1 social site through its official website that this feature would be offered to 20,000 plus OpenTable Inc (NASDAQ:OPEN) customers throughout North America. As the world is moving from PC to smart-phone, so Facebook Inc (NASDAQ:FB) approach will be positively adopted by many OpenTable Inc (NASDAQ:OPEN) online customers by accessing Web services using their smart-phones and Facebook Inc (NASDAQ:FB) app. But the financial terms between the two companies are not disclosed yet.
Options Action: Bullish bet on Facebook (CNBC)
Facebook to Buy Mobile Technologies for Voice Recognition (Bloomberg)
Facebook Inc (NASDAQ:FB), owner of the world’s most popular social-networking service, agreed to acquire Mobile Technologies, a developer of speech-recognition tools. The Pittsburgh-based company will help Facebook Inc (NASDAQ:FB) improve products as voice technology becomes an increasingly important way for people to navigate the Web, Tom Stocky, a product-management director at Facebook Inc (NASDAQ:FB), said on the company’s website today. Terms weren’t disclosed. …Facebook Inc (NASDAQ:FB) is bolstering efforts to keep users engaged with its services, adding new features that help people more easily communicate and share information. The company reached 1.15 billion users during the second quarter.
