Question: Facebook, Inc. is a mobile application and Web site that enables people to connect, share, discover, and communicate with each other. The company also owns

Facebook, Inc. is a mobile application and Web site that enables people to connect, share, discover, and communicate with each other. The company also owns Instagram, messenger, WhatsApp, and Oculus.
Requirements
1. Review Item 5 (Dividend Policy) of the 2015 annual report. Has Facebook ever paid a dividend? Provide the company's reasoning.
2. Review the balance sheet for Facebook. What is the par value of its Class A common shares.
3. Does Facebook have any treasury stock? How do you know?

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