Facebook, Inc. (NASDAQ: FB) recently Global communications company Viasat Inc., (VSAT) and Facebook Inc. (FB) announced a collaboration to accelerate the deployment of affordable, high-speed, high-quality internet to communities that lack reliable internet or have no connectivity at all. Viasat and Facebook are working together to make the internet accessible to more people in rural areas around the world. The collaboration will help accelerate the deployment of Viasat's market-leading satellite-enabled Community Wi-Fi hotspot service, which is an innovative, proven approach to bringing high-speed, affordable Wi-Fi directly to consumer's devices, where internet service was previously unavailable or ineffective. Facebook's Market Cap as of 3-25-2019 is $467.926B.
Microsoft Corporation (NASDAQ: MSFT) recently Microsoft Corp. and Facebook Inc. announced the formation of the Co-Packaged Optics (CPO) Collaboration. The goal of CPO is the adoption of common design elements that will provide guidance for suppliers in the design and manufacturing of co-packaged optics. CPO's intention over time is to enable an open and diverse ecosystem.
The collaboration intends to provide open specifications for design elements, including the electrical signaling interface, optical standard, optical module management interface and reliability requirements. When complete, the open specifications will enable the industry to develop a set of solutions involving switch and ASIC manufacturers, optics suppliers, CMs and others that will create the final package which can then be attached to the switch PCB. The collaboration has targeted the 51T switch generation as the tipping point for industry adoption of co-packaged optics. Microsoft's Market Cap as of 3-25-2019 is $898.109B.
Snap Inc. (NYSE: SNAP) closed down slightly on Monday at $10.72 trading over 12.3 Million shares by the market close. SNAP recently announced the appointment of Lara Sweet, Snap's current Chief Accounting Officer, as interim Chief Financial Officer and principal financial officer. Ms. Sweet's appointment follows the previously announced departure of Chief Financial Officer Tim Stone, which was planned for February 5, 2019. Ms. Sweet will report to CEO Evan Spiegel. Snap's Market Cap as of 3-25-2019 is $14.145B.