Facebook (FB) - Get Report and the Royal Bank of Scotland (RBS) - Get Report have announced a partnership under which the bank's 100,000 workers will all be on the office version of the social media site, called Facebook at Work.
"By the end of next year, the bank plans to have its entire workforce (of 100,000 people) using "Facebook at Work," a social media platform Facebook designed specifically for businesses," Yahoo Finance reported. "RBS will be Facebook at Work's biggest client yet."
Shares of Facebook rose by 1.6%, closing at $103.77.
Separately, Facebook "won dismissal of a $15 billion lawsuit accusing the company of secretly tracking the Internet activity of its users after they log off," Bloomberg Newsreported.
Also, Facebook CEO Mark Zuckerberg "showcased his much improved Mandarin skills on Saturday at the Tsinghua University in Beijing, where he spoke for 22 minutes about Facebook's evolving mission to connect people across the globe," according to a CNBCreport.
"We believe recent share price underperformance, with PayPal down 14% since highs in July, has largely been driven by competitive headlines impacting valuation and not near-term financials," Goldman said in a research note, adding that is has set a 12-month price target of $45.
"Fourteen percent of U.S. households with credit cards had signed up for the payment option by the end of September, up from 11% in February," Phoenix Marketing International said at a payments conference in Las Vegas, the news service said.
"A very rapid initial threshold was achieved by Apple Pay and it is still growing but the growth rate has slowed down," said Greg Weed, director of card performance research at Phoenix," according to Reuters. Apple closed at $115.28, down 3.2%.
"Tesla sold 1,345 units in China in the third quarter, after selling 797 vehicles in the first and 883 units in the second, for a total of 3,025 units in the first nine months of the year, said Gary Tao, the company's Beijing-based spokesman, according to the news service.
Tesla shares jumped by nearly 3%, closing at $215.26.
Cisco Systems (CSCO) - Get Report has purchased ParStream, a privately held database analytics company. ParStream's technology enables companies to analyze and store large amounts of data. Financial terms of the deal were not disclosed.
Cisco shares declined by 1.4% Monday, closing at $28.95.
This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.