{"id":20392,"date":"2014-04-28T03:32:37","date_gmt":"2014-04-28T07:32:37","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=20392"},"modified":"2014-04-28T03:32:37","modified_gmt":"2014-04-28T07:32:37","slug":"facebook-inc-nasdaqfb-acquires-fitness-tracking-app-moves","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/facebook-inc-nasdaqfb-acquires-fitness-tracking-app-moves-20392","title":{"rendered":"Facebook Inc (NASDAQ:FB) Acquires Fitness Tracking App Moves"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 04\/28\/2014 (wallstreetpr) &#8211;\u00a0<strong>Facebook Inc (NASDAQ:FB)<\/strong>, the dominant social network in the world, acquired the startup company behind the motion and fitness tracking app, Moves. The company develops activity log apps for <strong>Google Inc (NASDAQ:GOOG)<\/strong>\u2019s Android mobile OS and <strong>Apple Inc (NASDAQ:AAPL)<\/strong>\u2019s iOS. Moves will be part of Facebook\u2019s mobile growth but will continue operate on its own.<\/p>\n<p style=\"text-align: justify;\">The financial details about the latest acquisition were not immediately made public. But Moves could play an important part in supporting diversification in Facebook besides putting the social network giant ahead of rivals.<\/p>\n<p style=\"text-align: justify;\">Moves is a Finnish startup that helps users to track the places they visited on a daily basis and how they got those places. In other words, the app keeps users\u2019 daily fitness and exercise routines and delivers the logs on mobile gadgets.\u00a0 Therefore, the acquisition of Moves resonates well with the strategy of Facebook Inc (NASDAQ:FB) to expand and dominate mobile social networking.<\/p>\n<p style=\"text-align: justify;\">Acquisition spree<\/p>\n<p style=\"text-align: justify;\">Facebook Inc (NASDAQ:FB) has been in the acquisition spree in recent times whereby the company is keen on buying apps that can leverage is mobile strategy.\u00a0 Allowing target startups to operate as standalone allows the company to ensure that it fosters creativity in the startups it acquires. Moreover, allowing standalone operations for the acquired companies is one way that Facebook expects to foster good privacy practices especially in the wake of online privacy concerns.<\/p>\n<p style=\"text-align: justify;\">The first quarter saw Facebook spending about $21 billion in various acquisitions including the purchase mobile text messaging startup WhatsAppp and the virtual reality firm Oculus VR.<\/p>\n<p style=\"text-align: justify;\"><b>First quarter results <\/b><\/p>\n<p style=\"text-align: justify;\">Facebook Inc (NASDAQ:FB) reported first quarter results that demolished Wall Street expectations. The strong results were supported by increasing mobile activity. The company witnessed significant improvement in its mobile activities where mobile ad revenue increased beyond expectations. The company reported earnings per share of $0.34, suggesting a triple jump from earnings in the same period a year ago. Revenue was up 72 percent to $2.5 billion. Wall Street expected earnings per share of $0.24 on $2.4 billion revenue for the quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 04\/28\/2014 (wallstreetpr) &#8211;\u00a0Facebook Inc (NASDAQ:FB), the dominant social network in the world, acquired the startup company behind the motion and fitness tracking app, [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":15819,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[1612,1747,1614,1002,813,712],"stock_ticker":[],"class_list":["post-20392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-apple-inc-nasdaqaapl","tag-facebook-inc-nasdaqfb","tag-google-inc-nasdaqgoog","tag-nasdaqaapl","tag-nasdaqfb","tag-nasdaqgoog","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Facebook Inc (NASDAQ:FB) Acquires Fitness Tracking App Moves - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/facebook-inc-nasdaqfb-acquires-fitness-tracking-app-moves-20392\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Facebook Inc (NASDAQ:FB) Acquires Fitness Tracking App Moves - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Boston, MA 04\/28\/2014 (wallstreetpr) &#8211;\u00a0Facebook Inc (NASDAQ:FB), the dominant social network in the world, acquired the startup company behind the motion and fitness tracking app, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/facebook-inc-nasdaqfb-acquires-fitness-tracking-app-moves-20392\" \/>\n<meta property=\"og:site_name\" content=\"Wall Street PR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WallStreetPR\/\" \/>\n<meta property=\"article:published_time\" content=\"2014-04-28T07:32:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2014\/02\/facebook-logo-wallpaper-yyo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Benjamin Roussey\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Benjamin Roussey\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/facebook-inc-nasdaqfb-acquires-fitness-tracking-app-moves-20392#article\",\"isPartOf\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/facebook-inc-nasdaqfb-acquires-fitness-tracking-app-moves-20392\"},\"author\":{\"name\":\"Benjamin Roussey\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/e82d48e74e653b113f0f9186826f808d\"},\"headline\":\"Facebook Inc (NASDAQ:FB) Acquires Fitness Tracking App Moves\",\"datePublished\":\"2014-04-28T07:32:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/facebook-inc-nasdaqfb-acquires-fitness-tracking-app-moves-20392\"},\"wordCount\":355,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#organization\"},\"image\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/facebook-inc-nasdaqfb-acquires-fitness-tracking-app-moves-20392#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2014\/02\/facebook-logo-wallpaper-yyo.jpg\",\"keywords\":[\"Apple Inc. 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