Earnings Technology

Facebook shares flying high after strong growth prospect of its digital ad business in future

Facebook Inc (NASDAQ:FB) shares climbed to a new 52-week high of $194.00 on Thursday morning after the social network giant said that its digital ad business would continue growing in the future. The company also announced its financial results for the fourth quarter. The Menlo Park, California-based company’s revenue climbed 47 percent in the latest quarter, …

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Technology

Verizon Communications closes Yahoo deal, Marissa Mayer resigns

Verizon Communications Inc (VZ) closed the acquisition of Yahoo Inc (YHOO)’s core business. YHOO, once valued at over $100 billion, is no longer a stand-alone internet company following the deal. The acquisition was expected to close in 2016, though it was postponed amid two serious data breaches revealed by Yahoo last year. YHOO’s CEO Marissa …

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