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4-Traders Homepage  >  Equities  >  Nasdaq  >  Facebook Inc    FB

Delayed Quote. Delayed  - 07/22 10:00:00 pm
121 USD   +0.32%
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Facebook : internet drone takes flight on Google's Project Loon

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07/24/2016 | 07:34pm CEST

New Delhi, July 24 (ANI): After completing successful test, Facebook Inc announced flight of a solar-powered drone, Aquila, in hope of extending internet connectivity to every corner of the planet.

Light in weight, the high-altitude aircraft flew at a few thousand feet for 96 minutes in Yuma, Arizona, Chief Executive Mark Zuckerberg wrote in a post on his Facebook page.

The company ultimately hopes to have a fleet of Aquilas that can fly for at least three months at a time at 60,000 feet (18,290 metres) and communicate with each other to deliver internet access.

Google parent Alphabet Inc has also poured money into delivering internet access to underserved areas through Project Loon, which aims to use a network of high-altitude balloons to make the internet available to remote parts of the world.

Zuckerberg has laid out the company's biggest challenges in flying a fleet of Aquilas, including making the plane lighter so it can fly for longer periods.

Facebook, which has more than 1.6 billion users, has invested billions of dollars in getting more people online, both through an initiative called internet.org - which offers a pared-down version of the internet to poor areas. (ANI)

(c) 2016 aninews.in All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2016 26 177 M
EBIT 2016 14 093 M
Net income 2016 7 246 M
Finance 2016 11 665 M
Yield 2016 -
P/E ratio 2016 47,83
P/E ratio 2017 33,10
EV / Sales 2016 12,8x
EV / Sales 2017 9,36x
Capitalization 346 097 M
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Facebook Inc Technical Analysis Chart | FB | US30303M1027 | 4-Traders
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Number of Analysts 46
Average target price 144 $
Spread / Average Target 19%
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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 & VP-Engineering
Timothy Campos Chief Information Officer
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