Facebook Inc (NASDAQ:FB)’s plans to integrate a payments system in the social platform hasn’t pushed the company’s price that much as it stays around $77.3, some 0.2% below yesterday’s closing value, but it’s expected to jump as high as $13 above the current spot, according to TheStreet. On the other side Hewlett-Packard Company (NYSE:HPQ)’s announcement of dividing the company into two brought the company 4.7% higher so far for the day, at a price level of almost $36.9. These values were larger in pre-market.
“Shares of Hewlett-Packard up more than 6% after it announced this morning the company is preparing to split itself in two. And this comes just two years after the tech giant took a ride of nearly $9 billion on its Autonomy acquisition. Its enterprise business will continue to run its services and software business while separately HP will also have a new stand-alone company that sells laptops and printers,” said Jonathan Marino.
So Hewlett-Packard Company (NYSE:HPQ) is dropping down the extra weight and plans to reach new heights in price through its more performant business. This is an expected event by investors and is just a step in the restructuring plan that the company is following.
Meanwhile, Facebook Inc (NASDAQ:FB) is planning to allow its messenger to transfer money among users. This new feature isn’t meant to compete with Apple Pay or Google Wallet as it doesn’t have the capability of performing purchases in shops.
“He [Jim Cramer] is still liking shares of Facebook, targeting 90 dollars a share for the social network. The stock right now trading in the high 70s,” informed Jonathan Marino.
If this evolves to the level that at the cost of just some cents whilst chatting with a friend you can send or receive money in matter of seconds, it will be a tremendous achievement by the company to the delight of investors and customers alike.
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