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Analysts noted that consumer spending appeared to taper off after a second round of stimulus checks failed to materialize from the federal government. The extra 0 in weekly unemployment benefits in the first stimulus package, known as CARES, also dried up.

Andrew Lo, professor at the MIT Sloan School of Management and director of the MIT Laboratory for Financial Engineering.

Analysts said the latest IPO is part of the juggernaut's broader push to expand its operations, as its core social media business is about to peak in terms of growth.

An offshore wind farm is a massive operation involving enormous machinery and specialized vessels.

And this week, the Wall Street Journal reported Wolfsburg-based Volkswagen was close to a deal on autonomous driving with Ford, after the two groups agreed in January to build vans together.