Facebook faced two major mobile ad challenges. Undoubtedly, Facebook's mobile ad business has grown. Facebook ads are paid advertisements that are "relevant and interesting" to a user.
Investors
Statoil profit drops 2% in second quarter with declining gas prices
Statoil ASA announced a profit decline for the second quarter of 2013. Norwegian energy company Statoil ASA experienced an unexpected drop in profit in the second quarter, a backlash of the declining gas and oil production and prices.
Almaz rakes in US$102 mln for second fund
Investment firm Almaz Capital raised a total of US$102 million for its second funding. Russia-focused technology venture investor Almaz Capital has posted a US$102 million total for its second fund according to one of the company's securities filing.
KKR hires former Prudential Plc head
KKR & Co names former Prudential Plc unit head Martin Moore as senior adviser. Private equity firm KKR & co. appointed former Prudential Plc (PRU) property unit director Martin Moore as senior adviser for real-estate affairs, confirmed the company in a statement.
SevOne appoints high-profile CEO to help propel it to the next level
IT company SevOne appoints high-profile CEO to help the firm become the "next great technology company."
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The Washington Redskins has signed on BDO USA as its official accounting firm. Consulting organization BDO USA announced earlier today that it has signed a deal with The Washington Redskins as the football league's exclusive accounting firm.
Conactus Pharmaceutical raised US $66 million after the company offered 6,000,000 shares at US $11 each during the initial public offering.
CommScope taps Deutsche Bank AG and JPMorgan to lead its IPO but the companies declined to comment on the matter.
Dow Chemical revenue continues to climb as demands for crop protection products and plastics increase.
Security operations platform provider VidSys accumulated US $15.65 million in equity financing from existing investors.
Onconova Therapeutics Inc. is set offer its common stock at US $15 during an initial public offering.
It was reported that Google planned to invest in Uber funding round. Google, through Google Ventures, was expected to participate in Uber's upcoming new round of funding.
PNC Financial Services Group gave Emerge Energy Services a US $150 million loan facility, which will be used to refinance its debt and to cover general corporate purposes.
A Chromecast forecast signalled more Netflix subscribers up ahead. Google recently announced its latest device, the Chromecast. The device basically allowed "TVs to become second screens to Google-powered devices" running the Chrome browser.
