Enterprise Products Partners LP
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Energy : Oil, Gas & Consumable Fuels | Large Cap Value
Company profile

Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company's segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The Company's midstream energy operations include natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage, and import and export terminals, including liquefied petroleum gas (LPG); crude oil gathering, transportation, storage and terminals; petrochemical and refined products transportation, storage, export and import terminals, and related services, and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems.

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Today's volume of 19,982 shares is on pace to be much lighter than EPD's 10-day average volume of 8,582,371 shares.


Facebook has acquired GIF platform Giphy

11:01 am ET May 15, 2020 (MarketWatch)

Facebook Inc. (FB) has acquired GIF platform Giphy, the companies said Friday. Giphy enables users of social-media platforms and other services to find and share animated loops, and Facebook plans to "further integrate their GIF library into Instagram and our other apps so that people can find just the right way to express themselves." A Facebook blog post (https://about.fb.com/news/2020/05/welcome-giphy/) said that 50% of Giphy's traffic comes from the Facebook ecosystem, with half of that coming from Instagram alone. Facebook said that people will still be able to upload GIFs and API partners will still be able to access the Giphy library. Axios reported that the deal was valued at about $400 million (https://www.axios.com/scoop-facebook-to-buy-giphy-for-400-million-4a75a359-833b-484d-b15b-87e94d3de017.html?utm_campaign=organic&utm_medium=socialshare&utm_source=twitter), but a Facebook spokesman said that the company wasn't disclosing deal terms. Facebook shares are down 0.7% in Friday trading. They've lost 4.1% in the past three months as the S&P 500 has dropped 16%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

May 15, 2020 11:01 ET (15:01 GMT)

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