On Tuesday, Shares of Facebook, Inc. (NASDAQ:FB), lost -0.04% to $85.76.
Facebook Inc. on Tuesday unveiled a new pricing option for video ads, after marketers raised concerns the company was charging for ads that were barely viewed by users, according to WSJ.
The social network now plans to give advertisers the option of paying for video ads only when they are viewed for at least 10 seconds. WSJ Reports.
In other news, Mark Zuckerberg reveals why he only makes $1 a year.
In 2013 Facebook confirmed its founder and CEO takes home a $1 salary each year.
During a Q&A on Facebook Tuesday, Mark Zuckerberg revealed his reasoning behind joining the $1 salary club:
“I’ve made enough money. At this point, I’m just focused on making sure I do the most possible good with what I have. The main way I can assist is through Facebook — giving people the power to share and connecting the world. I’m also focusing on my education and health philanthropy work outside of Facebook as well. Too many people die unnecessarily and don’t get the opportunities they deserve. There are lots of things in the world that need to get fixed and I’m just lucky to have the chance to work on fixing some of them.”
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 Lowe’s Companies Inc. (NYSE:LOW), declined -0.83% to $66.97, during its last trading session, despite analysts at BMO Capital Markets raised their rating on shares of the home improvement retailer.
BMO upgraded the Lowe’s to “outperform” from “market perform” with a higher price target of $81 from $73.
The firm cited the stronger housing and overall economic activity in the Southeastern states, where Lowe’s has “a larger store footprint.”
Lowe’s Companies, Inc. operates as a home improvement retailer. The company offers products for maintenance, repair, remodeling, and home decorating. It provides home improvement products under the categories of kitchens and appliances; lumber and building materials; tools and hardware; fashion fixtures; rough plumbing and electrical; lawn and garden; seasonal living; paint; home fashions; storage and cleaning; flooring; millwork; and outdoor power equipment.
Finally, United Technologies Corporation (NYSE:UTX), ended its last trade with -0.54% loss, and closed at $110.93.
UTC Aerospace Systems has been selected by IndiGo to supply the wheels and carbon brakes for its fleet of new Airbus A320neo aircraft. UTC Aerospace Systems will provide the equipment through its Landing Systems facility in Troy, Ohio. First aircraft delivery is planned for November 2015. UTC Aerospace Systems is a unit of United Technologies Corp. (UTX).
The A320neo carbon brakes use proprietary DURACARB® carbon heat sink material which has exhibited superior brake life performance on other in-service programs thereby creating noteworthy cost savings over the life of the aircraft for our customers through fewer brake removals and associated maintenance and overhaul activity.
“We are excited to welcome IndiGo as a Landing Systems customer and we look forward to supporting this new fleet with our latest generation A320 wheels and brakes,” stated Jim Wharton, president, Landing Systems.
United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; modernization products to upgrade elevators and escalators; and maintenance and repair services.
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