Wall Street

Facebook Share Price Falls Despite Blowout Quarter

Facebook on Wednesday reported a record Q3, beating analysts’ expectations for the fourth straight quarter, but concerns among investors about increased expenditures and the company’s future prospects drove down share prices. They closed Thursday at $119.95, down more than $7 from Wednesday’s closing price of $127.17. Friday saw little movement, with a closing price of $120.75.

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Applications

Microsoft Launches Teams to Foil Office 365 Poachers

Microsoft has launched Teams, a new collaboration offering designed to fend off Office 365 competitors. The new chat-based workspace product brings together people, conversations and content, along with some familiar productivity tools, to facilitate collaboration on projects. “With Microsoft Teams, we aspire to create a more open, digital environment,” noted Microsoft VP Kirk Koenigsbauer.

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