Facebook is looking for a few good men and women to build a few good drones.
WhatsApp co-founder and CEO and Facebook director Jan Koum, vice president of business and marketing partnerships David Fischer, chief technology officer Mike Schroepfer, chief product officer Chris Cox, chief operating officer Sheryl Sandberg, chief financial officer David Wehner, VP and general counsel Colin Stretch, chief accounting officer Jas Athwal and director Susan Desmond-Hellmann reported activities involving restricted stock units and sales of Facebook class-A common shares in Form 4 filings Tuesday with the Securities and Exchange Commission.
When Facebook announced its intent to acquire cross-platform messaging application WhatsApp in February, questions surfaced on whether WhatsApp and Messenger would remain separate — which they have — or be combined. Facebook co-founder and CEO Mark Zuckerberg discussed how the two apps coexist during the company’s third-quarter earnings call Tuesday.
What are Facebook co-founder and CEO Mark Zuckerberg’s plans for the company over the next three, five and 10 years? He went into great detail on those plans during the social network’s third-quarter earnings call Tuesday.
Facebook revealed during its third-quarter earnings call Tuesday that $2.96 billion of its $3.2 billion in revenue for the three-month period came from advertising, so it’s no surprise that the bulk of the call was devoted to advertising, as well. Chief operating officer Sheryl Sandberg had much to say on the topic, and all her comments are included in this post.
As a result of the official closing of Facebook’s acquisition of cross-platform messaging application WhatsApp, the first clear picture of WhatsApp’s financial results emerged in the form of a Form 8-K/A filed with the Securities and Exchange Commission by its new parent company Tuesday, and the picture wasn’t a pretty one when it came to net loss.
Facebook revealed in a Form D filing with the Securities and Exchange Commission Monday that it sold nearly $13.8 billion of equity in the company, without registration, as part of a merger, likely its acquisition of cross-platform messaging application WhatsApp, which closed earlier this month.
While Facebook has stuck with its policy of requiring its users’ real names, co-founder and CEO Mark Zuckerberg mentioned in a January cover story for Bloomberg Businessweek that the social network would not require real names for the separate, stand-alone applications it was developing. Evidence of this policy shift may rear its head in the next few weeks, according to The New York Times’ Bits blog.
New Facebook director and WhatsApp co-founder and CEO Jan Koum filed a Form 4 with the Securities and Exchange Commission Monday detailing Facebook stock he received as part of the closing of Facebook’s acquisition of WhatsApp.
With Facebook’s $19 billion acquisition of cross-platform messaging application WhatsApp now completed following European Commission approval last week, WhatsApp co-founder and CEO Jan Koum and co-founder and vice president Brian Acton were on the receiving end of financial rewards announced by Facebook Monday.