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Last $83.01 USD
Change Today +0.09 / 0.11%
Volume 32.8M
FB On Other Exchanges
Sao Paulo
As of 8:10 PM 03/26/15 All times are local (Market data is delayed by at least 15 minutes).

facebook inc-a (FB) Key Developments

Zendesk, Inc. Partners with Facebook to Power Businesses on Messenger

Zendesk, Inc. announced a partnership to power Facebook’s new Businesses on Messenger product enabling businesses to communicate with customers through Facebook’s messaging app. Through an integration of its Zopim chat product with Messenger, Zendesk is allowing businesses to provide scalable and responsive customer service to the more than 600 million people worldwide who use Messenger.

California Woman Sues Facebook for Discrimination

A former Facebook employee is suing the company on allegations that she was discriminated against, harassed and belittled during her brief employment there. Chia Hong filed the lawsuit in a San Francisco Bay Area superior court. Hong worked at Facebook as a product manager and then as a technology specialist in finance for about three years before she was terminated in October 2013. The Taiwanese woman says she was replaced by a less- qualified, less-experienced man. The lawsuit alleges company officials asked Hong "why she did not stay home and take care of her children," and regularly ignored or belittled her professional opinions at meetings where she was one of few women. The suit says they also ordered Hong to organize parties and serve drinks to male colleagues, which wasn't part of her job description.

French Court Says Has Jurisdiction in Facebook Vagina Case

A Paris court ruled that it has jurisdiction to judge a case against Facebook which blocked the account of a French teacher who posted an image of a vagina. The court ruled that Facebook's clause forcing all users to agree that any litigation must be based in California, where the site is based, was "abusive." Facebook is being sued by a French father of three whose account was blocked after he posted a 19th century picture by Gustave Courbet, "The Origin of the World", depicting a vagina. The irate teacher filed a complaint in a French court saying the site could not differentiate between pornography and art. But in a hearing on January 22, Facebook's lawyer Caroline Lyannaz argued that the site did not fall under French jurisdiction as users have to sign a clause agreeing that only a California court can rule in disputes relating to the firm. The lawyer said this was an "abusive clause" as none of the 22 million Facebook users in France "can ever take recourse to French legal jurisdiction in the event of a dispute." Facebook said it noted the judgement and was considering its response. The court will hear the case on May 21.

Microsoft reportedly Mulls Acquisition of Prismatic

Microsoft Corporation (NasdaqGS:MSFT) is reportedly is seeking acquisition of Prismatic. According to multiple sources, “Prismatic — an app that recommends news articles to users based on what their connections are reading and liking — is on the block, and Microsoft is the front runner to get it. It’s not clear what stage talks are at presently. Microsoft is one of several large companies that are talking to the startup, with the “most serious interest” otherwise coming from Apple Inc. (NasdaqGS:AAPL)and Yahoo! Inc. (NasdaqGS:YHOO). Google Inc. (NasdaqGS:GOOGL) and Facebook, Inc. (NasdaqGS:FB) have also showed early interest.” Another source resolutely names Microsoft as the final buyer, and a price of $30 million. According to CrunchBase, Prismatic has raised $15 million to date, with investors including Accel Partners, Jim Breyer, Yuri Milner and Javelin’s Alex Gurevich. We have contacted both Microsoft and Prismatic about these rumors. Microsoft declined to comment for this article, and we have not had any replies from multiple attempts to contact Prismatic.

Court Orders to Pay Facebook Sex Offender Damages

A Co Derry man ordered to pay a convicted paedophile compensation by a judge has vowed to go to jail before handing over the cash. In ruling at Belfast High Court Limavady man Joe McCloskey (38) and Facebook were ordered to pay the sex offender damages of £20,000, while Facebook was ordered to pay an additional £5,000. The court has also ordered that the 'Keeping Our Kids Safe From Predators 2' Facebook page be taken down.


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Valuation FB Industry Range
Price/Earnings 75.5x
Price/Sales 18.4x
Price/Book 6.4x
Price/Cash Flow 78.9x
TEV/Sales 17.7x

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