Facebook Inc (NASDAQ:FB), ended its last trade with -0.43% loss, and closed at $92.40.
The stock closed at a distance of 0.05% from 20-day simple moving average. In the last trading session, the stock’s price moved 9.96% above its 200 day moving average, changing hands as low as $91.37 per share. The stock is presently trading 0.46% above its SMA 50.
Chief Executive Mark Zuckerberg defended Facebook Inc.’s push to introduce billions of people to the Internet, saying that achieving universal Web access is one of the “fundamental challenges of our generation.”
Facebook has faced criticism for its Internet.org initiative, which is trying to extend Web access in emerging markets partly through a bare-bones mobile app. In response to the controversy, the social network recently renamed the app “Free Basics,” from “Internet.org.”
“It turns out everything impactful that you want to do has some controversy,” Mr. Zuckerberg said during an appearance at a two-day conference hosted by Vanity Fair magazine.
The Free Basics app offers access to services like Facebook and Wikipedia. Critics say it favors Facebook properties at the expense of others, violating the concept of “net neutrality.” Mr. Zuckerberg said net-neutrality principles are relevant for price discrimination, but not necessarily for Internet access.
Facebook, Inc. operates as a social networking company worldwide. It provides a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications.
Shares of Boston Scientific Corporation (NYSE:BSX), surged 1.51% to $16.82, during its last trading session. The share price of this stock traded recently in a range of $16.53 to $16.85. The company now has a market value of $22.27 billion.
For this company, beta value at 1.02 represents it is more volatile to the shift in the market. If we take a look on its volatility, 3.18% was seen in a week and for the month it was 2.67%.
Boston Scientific Corporation, declared the start of the Boston Scientific Connected Patient Challenge, an open innovation contest designed to encourage advancements in the use of remote patient monitoring to enhance patient care. Until January 5, 2016, clinicians, engineers, designers and entrepreneurs can submit their ideas and collaborate on solutions through Medstro’s social networking site (www.Medstro.com).
Boston Scientific Corporation develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide. The company operates in three segments: Cardiovascular, Rhythm Administration, and MedSurg.
On Wednesday, Shares of Viacom, Inc. (NASDAQ:VIAB), gained 1.41% to $47.45. The stock attained the volume of 8.08 million shares.
The year-to-date (YTD) performance reflected a -35.69% below last year. During the past month the stock gains 8.77%, bringing three-month performance to -21.97% and six-month performance to -30.52%. The stock holds the market capitalization of 18.94B.
Viacom Inc. (NASDAQ: VIAB) declared that it will open a two-stage, 88,000 square foot, state-of-the-art production facility in Miami, Florida. The new studio, which was built by the Miami Omni Community Redevelopment Agency (CRA) as a public-private partnership with EUE/Screen Gems Studios, will serve as a production hub for Viacom’s global entertainment brands counting Nickelodeon, MTV and Comedy Central.
Located in central Miami, the studio location offers access to a highly skilled, multi-lingual talent pool essential to creating global productions in multiple languages. The facilities will comprise two modern sound stages equipped to create a variety of content simultaneously, from daily scripted series, music specials and game shows to short form content for mobile, digital and on-air.
Viacom Inc. operates as an entertainment content company in the United States and internationally. The company creates television programs, motion pictures, short-form video, applications, games, consumer products, social media, and other entertainment content. It operates in two segments, Media Networks and Filmed Entertainment. The
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