Facebook Tests Payments Tool (WSJ)
Facebook Inc (NASDAQ:FB) -0.25% is testing a way to make it easier for its users to make purchases through retailers’ mobile apps. The new service will give consumers an option to prefill their payment information stored on Facebook Inc (NASDAQ:FB) with the mobile apps of retailers that partner with the social network. Facebook Inc (NASDAQ:FB), however, underscored that it won’t process the payments nor compete directly with digital-payments processors such as eBay Inc (NASDAQ:EBAY) -1.94% PayPal.
Facebook Unveils Five-Year $6.5 Billion Credit Line in New Pact (Bloomberg)
Facebook Inc (NASDAQ:FB), owner of the world’s most popular social-networking service, unveiled a new $6.5 billion credit line that replaces two separate facilities for borrowing money in the same amount. The Menlo Park, California-based company terminated a previously held $5 billion revolving credit facility that it hadn’t drawn down, according to a regulatory filing today. Facebook Inc (NASDAQ:FB) also had a $1.5 billion loan facility — used for paying taxes tied to its 2012 initial public offering — that it recently repaid, the company said. The new five-year credit facility will be used to fund “working capital and general corporate purposes,” with interest at the London Interbank Offered Rate, or Libor, plus 1 percent. JPMorgan Chase & Co. (NYSE:JPM) is the administrative agent for the new credit line, as well as the previous facility and loan.
Facebook Inc (FB): A New Dynamic (ETFDailyNews)
Investors have long salivated over social networking kingpin Facebook Inc (NASDAQ:FB) potential as an advertising powerhouse. And investors and the media have certainly seen the first phase of its advertising business take shape over the last year, as evidenced by the company’s recent earnings blowout. However, as companies are starting to truly understand Facebook Inc (NASDAQ:FB)’s real reach, it appears that the possibilities just keep getting bigger and bigger. Recently, news broke that Facebook Inc (NASDAQ:FB) is now experimenting with serving up TV-styled ads for as much as $2.5 million. It doesn’t take a genius to understand how quickly this could become big business for Facebook Inc (NASDAQ:FB).
Facebook Inc (FB) Still a Favorite Among Option Bulls (SchaeffersResearch)
Despite broad-market headwinds, the shares of Facebook Inc (NASDAQ:FB) are perched only modestly lower, at $36.50. Against this backdrop, calls continue to be the options of choice, with speculators rolling the dice on added gains through next week. At last check, Facebook Inc (NASDAQ:FB) has seen roughly 56,000 calls cross the tape — almost twice the number of puts exchanged. Aside from soon-to-expire August-dated options, the stock’s weekly 8/23 37-strike call is most popular, with nearly 5,000 contracts traded at a volume-weighted average price (VWAP) of $0.67. Implied volatility was last seen 1.8 percentage points higher, and a healthy portion of the calls crossed on the ask side, pointing to buy-to-open action.