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Last $95.29 USD
Change Today +1.12 / 1.19%
Volume 35.2M
As of 8:10 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

facebook inc-a (FB) Key Developments

Facebook to Open New Sustainable Data Center Campus in Texas

Facebook on July 7, 2015, broke ground on a new data center campus in Fort Worth, Texas. The campus is expected to be completed next summer and includes a 440,103-square-foot data hall and a 69,755-square-foot administrative building with offices and a cafc. Facebook then expects to add two data halls, bringing the campus total space to 1.25 million square feet. It is the fifth data center campus the company is opening and construction on the site has started. The company also has data centers in Prineville, Oregon; Forest City, North Carolina; Atoona, Iowa and Lulecc, Sweden. Facebook has committed to hiring 40 full-time employees in Fort Worth who will make an average annual salary of $70,000 and plans to add more than 100 employees in the future.

Many Potential Acquirers For Yelp

Amazon.com Inc. (NasdaqGS:AMZN); Microsoft Corporation (NasdaqGS:MSFT); Google Inc. (NasdaqGS:GOOGL); The Priceline Group Inc. (NasdaqGS:PCLN); Yahoo! Inc. (NasdaqGS:YHOO); Rakuten, Inc. (TSE:4755); Facebook, Inc. (NasdaqGS:FB); Alibaba Group Holding Limited (NYSE:BABA); Groupon, Inc. (NasdaqGS:GRPN) interested in acquiring Yelp Inc. (NYSE: YELP), Bloomberg reported

Vienna District Court Dismiss Class-Action Civil Suit Against Facebook

Vienna District Court has dismissed a class-action civil suit against Facebook, headed by Austrian privacy campaigner Max Schrems, saying it has no jurisdiction. With seven others, Mr. Schrems took an action in Vienna against Facebook, arguing its terms of service and data collection policies violate EU law and their consumer rights. Some 25,000 other Facebook users transferred their legal claims to Mr. Schrems in the class-action suit seeking EUR 10 million in compensation. In its ruling, Vienna district court did not deal with the arguments of the case but the issue of jurisdiction, hinging on whether it shared Mr. Schrems's view that he is a consumer of Facebook. Austrian consumer law allows private consumers take legal action in their place of residence. The court disagreed, saying he used the social media service in both private and professional capacity and had a commercial interest in his numerous legal actions against Facebook. Using a case financing firm - earning 20% of any fines imposed on Facebook - only increased the commercial impression of the class-action suit. While class-action lawsuits are not unheard of under Austrian law, the court ruled that this case - involving German and Indian complainants who chose Vienna as their venue for the case - was legally problematic and inadmissible. During the April oral hearing, counsel for Facebook argued Mr. Schrems was not a consumer in the legal sense and argued the Vienna court had no jurisdiction - neither over the California-based firm nor its Dublin-based international subsidiary.

Facebook Reportedly Once Again Seeking An Acquisition Of Twitter

Facebook, Inc. (NasdaqGS:FB) is planning to acquire Twitter, Inc. (NYSE:TWTR) once again, according to Re/code sources.

Facebook, Inc. to Report Q2, 2015 Results on Jul 29, 2015

Facebook, Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 29, 2015

 

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Industry Analysis

FB

Industry Average

Valuation FB Industry Range
Price/Earnings 91.7x
Price/Sales 19.4x
Price/Book 7.0x
Price/Cash Flow 94.1x
TEV/Sales 18.6x
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