While Facebook Inc (NASDAQ:FB)’s stock hit a new low on Tuesday, closing at $28.84, it hasn’t stopped the company from shopping. The company, which is still dealing with the disastrous IPO has been on a spree recently. Facebook Inc (NASDAQ:FB) purchased instagram for $1billion, despite revenue being zero. Recently it was rumored that Facebook Inc (NASDAQ:FB) would enter the Mobile phone market, and would purchase Face.com for $100 million. There are no details yet about how much it would costFacebook Inc (NASDAQ:FB) to enter the mobile phone market, but it would likely run in the billions. Additionally, there are no details on revenue of Face.com, but based on Instagram, it wouldn’t be surprising…
Facebook Seems Eager to Purchase Nearly Everything
HFA Staff
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