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4-Traders Homepage  >  Equities  >  Nasdaq  >  Facebook    FB

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Facebook : Head of Facebook's secretive hardware unit to step down

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10/17/2017 | 08:17pm CEST
Facebook holds annual F8 developers conference in San Jose, California

Regina Dugan, the head of Facebook Inc's (>> Facebook) secretive hardware unit, will step down early next year, she said on Tuesday.

Regina Dugan, the head of Facebook Inc's (>> Facebook) secretive hardware unit, will step down early next year, she said on Tuesday.

"I will be leaving Facebook to focus on building and leading a new endeavour," Dugan wrote on Facebook.

Earlier this year, Facebook provided a peek into the hardware division, called Building 8, revealing it was studying ways for people to communicate by thought and touch.

Although any hardware rollouts from the unit are years away, potential products could help the social media giant lower its heavy reliance on advertising revenue.

Dugan, a former chief of the Pentagon's research arm, has also led a similar hardware group at Alphabet Inc's (>> Alphabet) Google.

(Reporting by Munsif Vengattil in Bengaluru; Editing by Sai Sachin Ravikumar)

Stocks treated in this article : Facebook, Alphabet
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Financials ($)
Sales 2017 39 215 M
EBIT 2017 18 165 M
Net income 2017 16 040 M
Finance 2017 33 505 M
Yield 2017 -
P/E ratio 2017 32,68
P/E ratio 2018 26,73
EV / Sales 2017 12,1x
EV / Sales 2018 8,98x
Capitalization 507 B
Chart FACEBOOK
Duration : Period :
Facebook Technical Analysis Chart | FB | US30303M1027 | 4-Traders
Technical analysis trends FACEBOOK
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 46
Average target price 195 $
Spread / Average Target 12%
EPS Revisions
Managers
NameTitle
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
Sheryl Kara Sandberg Chief Operating Officer & Director
David M. Wehner Chief Financial Officer
Michael Todd Schroepfer Chief Technology Officer
Atish Banerjea Chief Information Officer
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