Facebook Chief Financial Officer David Ebersman, Chief Accounting Officer Jas Athwal, and Chief Marketing Officer David Fischer each outlined their transactions last week involving restricted stock units in separate filings with the Securities and Exchange Commission, with Fischer also reporting the sale of 24,000 class-A Facebook shares, and Athwal doing so for 125 shares.
It seems like on a monthly basis, there’s been a report or study that says teens and young adults are avoiding Facebook in favor of other sites or applications such as Tumblr, Twitter, and Snapchat. Some have even felt that it’s a death knell for the future of the company. But as Chief Financial Officer David Ebersman said during Wednesday’s first-quarter earnings call, Facebook isn’t concerned about these reports.
Facebook has been a busy company in the past fiscal quarter, launching a redesigned News Feed and Timeline. The social netwoek will share how it did financially during its first-quarter earnings call May 1.
Facebook has made an internal hire to fill the chief technical officer position vacant since Bret Taylor’s departure last summer — Mike Schroepfer, formerly the company’s vice president of engineering.
Facebook Chief Financial Officer David Ebersman spoke about a “formidable competitor” at the Morgan Stanley Technology, Media, & Telecom Conference in San Francisco Wednesday, but the social network happens to own that competitor: photo-sharing application Instagram.
Facebook’s new graph search feature was touched upon at several points during the social network’s fourth-quarter earnings call Wednesday, but specific details were scarce, as Co-Founder and CEO Mark Zuckerberg stressed that the product is still in beta.
Facebook made a serious entry into the social gifting fray with Facebook Gifts last year, and now it’s looking to go deeper into the market. The company Thursday announced the Facebook Card, a plastic gift card that hold all electronic gift cards users have received through the social network. This will roll out gradually to U.S. users.
Several top Facebook executives, including Chief Operating Officer Sheryl Sandberg, are sitting on hundreds of millions of dollars worth of their company’s stock, but they have no plans to sell. As 234 million shares of Facebook stock became unlocked and eligible to sell Monday, Business Insider discovered just how much key Facebook executives are sitting on.
What do Facebook Chief Operating Officer Sheryl Sandberg, Vice President of Advertising and Global Operations David Fischer, VP of Engineering Mike Schroepfer, Chief Financial Officer David Ebersman, Chief Accounting Officer David Spillane, and General Counsel Ted Ullyot have in common, besides the company that employs them? All six filed Form 4s with the Securities and Exchange Commission Friday to convert their restricted stock units into a total of 45.3 million class-B shares Oct. 29.
Facebook is hoping to maintain the momentum it sparked with its third-quarter earnings call Tuesday by backing up the words of Co-Founder and CEO Mark Zuckerberg, Chief Operating Officer Sheryl Sandberg, and Chief Financial Officer David Ebersman with data in the form of a joint study with comScore, Understanding Paid and Earned Reach on Facebook.