Facebook (FB) shares are hitting an all time high. The social network beat expectations on both the top and bottom lines. It says it has 1.5 billion active monthly users. It’s growth was seen mostly in mobile advertising. Facebook also said it now has 8 billion video views a day. With the stock increase, Facebook is now worth $300 billion and is worth more than General Electric (GE). Expedia is looking to counter (EXPE) competition from AirBnb with the buyout of Homeaway (AWAY). The deal is worth just under $4 billion. The deal positions Expedia to compete against home rental businesses like AirBnb, which has cut into the hotel room market. Qualcomm (QCOM) saw its net income decline 44% in the 4th quarter, as the company continues to struggle with China over licensing and declining chip sales. Challenger, Gray and Christmas will report on October job cut announcements. 3rd Quarter Productivity is released. Weekly jobless claims are also reported.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
