Recent

% | $
Quotes you view appear here for quick access.

Facebook, Inc. (FB) Message Board

  • cucuc441 cucuc441 Nov 20, 2012 2:10 PM Flag

    Facebook Investment Dumped by Interpublic and 4 Social Media Stocks Seeing Action

    Facebook Investment Dumped by Interpublic and 4 Social Media Stocks Seeing Action
    By Leah Powell | More Articles
    November 20, 2012

    Trade Free for 60 Days
    at E*TRADE Securities
    Facebook, Inc. (NASDAQ:FB): Interpublic Group (NYSE:IPG) made an announcement that it sold the rest of its investment in Facebook (NASDAQ:FB) for net cash proceeds totaling $95 million. The company believes that it will record a pre-tax gain of $94 million. Additionally, Interpublic stated that its board authorized an increase in its current share repurchase program to $400 million, a rise from $300 million. As of September 30, $151 million was used under the authorization, and the share repurchase program does not have an expiration date.

    Sentiment: Strong Sell

 
FB
95.29+0.66(+0.69%)Jul 28 4:00 PMEDT