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FB

Facebook Inc. Nasdaq Global Select
$283.38
Open: $277.38 High: $285.39 Low: $271.51 Close: $283.34
Range: 2021-01-25 - 2021-01-26
Volume: 31,733,587
Market: Open
Powered by Finage Stock APIDelayed data
FB
Facebook Inc. 1601 Willow Road Menlo Park CA, 94025 http://www.facebook.com
Facebook Inc is the world's largest online social network. Its products are Facebook, Instagram, Messenger, WhatsApp, and Oculus. Its products enable people to connect and share through mobile devices and personal computers.
  • CEO: Mark Zuckerberg
  • Employees: 33,606
  • Sector: Technology
  • Industry: Online Media
FB News
Latest news about the FB
  • Stocks slightly higher as investors eye Q4 earnings

    Jimmy Lee, The Wealth Consulting Group CEO, joins Yahoo Finance's Kristin Myers to break down the latest market action as earnings season continues.

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  • U.K. Data Watchdog Says Millions Have Stopped Using WhatsApp

    (Bloomberg) -- The U.K.’s top data-protection regulator told lawmakers that millions of people have stopped using WhatsApp in favor of alternative messaging services such as Telegram and Signal.Elizabeth Denham said that changing terms of service have led consumers to vote with their virtual feet away from the Facebook Inc. business.WhatsApp delayed the introduction of a new privacy policy announced earlier this month after confusion and user backlash forced the messaging service to better explain what data it collects and how it shares that information with its parent company.“Users expect companies to maintain their trust and not to suddenly change the contract that they have with the users,” Denham told Parliament’s Digital, Culture, Media and Sport Sub-committee on Online Harms and Disinformation Tuesday. When asked how many people had switched, she replied “millions.”She said, however, that the new changes won’t apply to U.K. users under a 2017 deal her office reached with WhatsApp. The company agreed not to share user information and contact details until it showed it could comply with the European Union’s General Data Protection Regulation.The latest update “includes new options people will have to message a business on WhatsApp, and provides further transparency about how we collect and use data,” a WhatsApp spokesperson said in an email. “This update does not expand our ability to share data with Facebook in the U.K. or anywhere in the world.”But Denham said she would follow-up with WhatsApp and Facebook on the privacy changes and regulatory issues brought on by Brexit and report back to the committee.Denham went on to say that she doesn’t use WhatsApp herself, favoring “Signal for my personal communications.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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  • Techies Are Pushing to Recall California’s Governor. One Wants His Job

    (Bloomberg) -- A wealthy contingent of technologists has joined a movement calling for the removal of Gavin Newsom as California governor. Chamath Palihapitiya, a venture capitalist who popularized the blank-check company, said he’s running for Newsom’s place.Palihapitiya, a former Facebook Inc. executive, promoted the recall campaign, sparked in part by the Democratic governor’s response to the coronavirus pandemic, in a tweet Monday night. Palihapitiya used the hashtag #RecallGavinNewsom and posted a link to a new website for the billionaire’s gubernatorial bid.“California is a mess—it’s too expensive, our teachers are underpaid, and our schools aren’t good enough,” reads Palihapitiya’s one-page campaign website. His platform calls for the elimination of state tax, a $70,000 salary for teachers and a payment of $2,000 for each child born in California. Many proposals emphasize keeping people and business in California after the state’s population declined for the first time since at least 1900.The recall campaign had been propelled by followers of QAnon and other extremists, according to the Los Angeles Times. It faces long odds of succeeding in the Democrat-dominated state. It needs 1.5 million certified signatures, or 12% of the initial vote turnout, to force a special election for governor. State Republicans have tried and failed five times to force a recall election, each time before the pandemic.Dan Newman, a Newsom spokesman, said in a statement earlier this month that the recall campaign is a waste of taxpayers’ money and that the governor has taken “bold action” to fight the pandemic.But now, fueled by anger about Covid-19-related restrictions and slow vaccine distribution, the effort has been gaining traction. Supporters said Monday that 1.2 million of the 1.5 million required signatures have been collected ahead of the mid-March deadline.Some of the campaign’s largest contributors come from tech. Doug Leone, a billionaire venture capitalist at Sequoia Capital, and his wife donated a combined $100,000 last week. The family of Dixon Doll, another VC, has given $100,000, too. David Sacks, a tech executive who donated $60,000 to Newsom’s 2018 campaign, now supports the recall. Jacqueline Sacks, his wife and CEO of apparel startup Saint Haven, gave $25,000 last week. These donations alone amount to 16% of amount raised by the Rescue California committee.Unlike many other recall supporters in Silicon Valley, Palihapitiya is a consistent supporter of Democratic Party candidates and causes. He has donated more than $1.3 million since 2010. All donations were to Democrats or Democrat-affiliated groups, with the exception of a $5,000 contribution to Ted Cruz’s Senate campaign in 2011. California records show no donations from Palihapitiya to groups affiliated with the recall effort.As Palihapitiya lays the groundwork for an unexpected run in public office, he continues to pursue a scattering of investments in startups, public stocks and blank-check ventures, also known as special purpose acquisition companies. On Monday, before the political tweet, he invested in two SPAC deals. On Tuesday morning, he said he bought call options in GameStop Corp., the video game retailer that’s the target of short sellers, an activist investor and stock speculators on the website Reddit.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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  • Markets continue to flitter between stimulus hope and COVID concerns: strategist

    AlphaSimplex Portfolio Manager and Chief Research Strategist Kathryn Kaminski joins Yahoo Finance Live to break down how markets are faring amid pandemic and this weeks earnings haul.

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  • Google Pressed in Lawsuit to Dump Telegram Just Like Parler

    (Bloomberg) -- A former U.S. ambassador wants Google to do to Telegram what it did to Parler.Marc Ginsberg sued the Alphabet Inc. unit Monday, asking a California court to require it to remove the Telegram Messenger app from the Google Play Store because it facilitates violence, extremism and anti-Semitism.Telegram, especially in the wake of George Floyd’s killing and the inauguration of Joe Biden as president, has been used to threaten, encourage and coordinate racist violence, claims Ginsberg, who was Bill Clinton’s ambassador to Morocco. He pointed out that, after the Jan. 6 riot at the U.S. Capitol, Google suspended Parler from its app store because a number of its right-wing users expressed support for the siege and further violence.“Google has not taken any action against Telegram comparable to the action it has taken against Parler to compel Telegram to improve its content moderation policies,” Ginsberg’s suit says. He filed a similar complaint on Jan. 17 against Apple Inc., which had also pulled Parler from its app store after the riot.Pavel Durov, Telegram’s founder, said last week that the company’s moderators had removed hundreds of posts in the wake of the Capitol riot and that calls for violence wouldn’t be tolerated.“Telegram employs a robust moderation system,” the company said in a statement Tuesday. “As a part of the company’s longstanding commitment to anti-terrorism and combating abuse, Telegram collaborates with industry leaders, governments and policymakers worldwide by providing daily transparency reports,” as well as through the use of both automated and manual content monitoring. Google didn’t respond to an emailed request for comment.‘Parler Refugees’Amazon.com Inc. cited its own concerns about violent content on Parler in pulling the plug on the platform’s web-hosting service. The actions taken against Parler, as well the banning of former President Donald Trump and others from Twitter Inc. and Facebook Inc. have spurred a wide-ranging debate over the tech industry’s control and responsibilities over speech.A channel on Telegram is dedicated to “Parler refugees.” Some Telegram users urged followers to drop plans for a second protest in Washington in support of Trump in favor of surprise attacks nationwide, according to the lawsuit.The suit also accuses Telegram of serving as a platform for the sale of illegal and controlled substances, including LSD and cocaine.Ginsberg, who is Jewish and was raised in Israel, says in the lawsuit that he was the target of two assassination attempts due to his religious beliefs. His Coalition for a Safer Web, also listed as a plaintiff in the lawsuit, says it pushes social media platforms to end their tolerance of anti-Semitism and enabling of extremist groups.Read More: Telegram CEO Says App to Start Generating Revenue Next Year(Updates with statement by Telegram in sixth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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  • Steve Case on the innovation economy in 2021

    Revolution CEO (and former AOL CEO) Steve Case joins Yahoo Finance Live to discuss the platform’s “Rise of the Rest” 2021 playbook — which aims to spotlight promising startups outside of the coastal tech hubs — as well as the current state of big tech, his thoughts on Section 230, and more. 

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  • Is FB Stock A Buy? Facebook Earnings Should Rock, But One Number Is Key

    Facebook business has been on a roll, but political turmoil in 2021 adds to threats from antitrust suits and Apple. Is FB stock a buy?

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  • Earnings Outlook For Facebook

    Facebook (NASDAQ:FB) announces its next round of earnings this Wednesday, January 27. Here is Benzinga's look at Facebook's Q4 earnings report. Net Income, Earnings, And Earnings Per Share Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS. Earnings And Revenue Wall Street analysts see Facebook reporting earnings of $3.21 per share on sales of $26.41 billion. In the same quarter last year, Facebook reported EPS of $2.56 on revenue of $21.08 billion. What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter? Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values. View more earnings on FB The Wall Street consensus estimate for earnings would represent a 25.39% increase for the company. Revenue would be have grown 25.27% from the same quarter last year. Here is how the company's reported EPS has stacked up against analyst estimates in the past: Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020 EPS Estimate 1.91 1.39 1.74 2.53 EPS Actual 2.40 1.80 1.71 2.56 Revenue Estimate 19.82 B 17.40 B 17.48 B 20.88 B Revenue Actual 21.47 B 18.69 B 17.74 B 21.08 B Stock Performance Shares of Facebook were trading at $278.01 as of January 25. Over the last 52-week period, shares are up 24.98%. Given that these returns are generally positive, long-term shareholders can be satisfied going into this earnings release. Do not be surprised to see the stock move on comments made during its conference call. Facebook is scheduled to hold the call at 17:00:00 ET and can be accessed here. See more from BenzingaClick here for options trades from Benzinga9 Communication Services Stocks With Unusual Options Alerts In Today's Session6 Communication Services Stocks With Unusual Options Alerts In Today's Session© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • What Lies Ahead for FAANG ETFs in Q4 Earnings

    The smooth trend is likely to continue with most of the companies likely to beat earnings estimates when they report this week and the next.

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  • Hungary says to target tech giants over alleged manipulation of social media platforms

    Hungary's nationalist government said on Tuesday it would place restrictions on social media giants to prevent "deliberate, ideological" misuse of digital platforms by liberal critics ahead of elections in 2022. Justice Minister Judit Varga drew parallels with the shutdown of ex-U.S. President Donald Trump's main social media accounts by Twitter and Facebook after his supporters stormed the U.S. Capitol on Jan. 6, saying tech giants were also trying to limit the "free speech" of Hungarian state leaders.

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  • The Zacks Analyst Blog Highlights: Microsoft, Advanced Micro Devices, Apple and Facebook

    The Zacks Analyst Blog Highlights: Microsoft, Advanced Micro Devices, Apple and Facebook

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  • Micron, Match Group, Microsoft, Apple and Facebook highlighted as Zacks Bull and Bear of the Day

    Micron, Match Group, Microsoft, Apple and Facebook highlighted as Zacks Bull and Bear of the Day

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  • Macron Tells Google and Microsoft to Get On Board With EU Rules

    (Bloomberg) -- French President Emmanuel Macron warned some of the tech industry’s biggest players they need to get on board with European Union efforts to moderate online content and constrain their market power.During a call with Microsoft Corp. CEO Satya Nadella and Sundar Pichai of Alphabet Inc. on Monday, Macron told the executives any unfair practices will be seen as an attack on European democracy, according to an account of the conversation from one of the president’s aides. Spokespeople for the companies in Paris did not immediately respond to emails seeking comment.France has been a key mover in shaping EU efforts to prevent the spread of hate speech and disinformation online and at curbing the power of tech giants. The European Commission in December proposed two sets of rules, the Digital Services Act and the Digital Markets Act, which are being reviewed by the European Parliament and the member states before they become law.Under the Digital Services Act, very large platforms like Microsoft and Google could face fines as high as 6% of global revenue if they don’t comply with orders to remove illegal content. They will need to carry out assessments identifying systemic risks, including how their services may be manipulated by inauthentic accounts and could impact elections. The Digital Markets Act will ban powerful companies deemed “gatekeepers” from favoring their own products or else face billion-dollar fines. In extreme cases, they could even be ordered to break up their European businesses.“We need to contain this immense power of the big digital companies,” European Commission President Ursula von der Leyen said in a virtual address at the World Economic Forum on Tuesday. “We want the platforms to be transparent about how their algorithms work because we cannot accept that decisions that have a far-reaching impact on our democracy are taken by computer programs alone.”Read More: Tech Giants Risk Breakup Under Strict EU Digital Rules EU officials have rallied around the bloc’s plans to curb hate speech and disinformation in recent weeks following the attacks on the U.S. Congress. Facebook Inc., Twitter Inc. and Snap Inc. banned the accounts of former U.S. President Donald Trump for posts they said encouraged the violent rioters who stormed the Capitol building and spread false information about the country’s November election.European leaders including German Chancellor Angela Merkel have warned of the dangers of letting private companies take such decisions and insisted on the need for regulation, particularly on matters of speech.French lawmakers are working on provisions that would implement the DSA regime in France before it enters into force at EU-level. The provisions are likely to be added to Macron’s flagship law on “separatism” and “republican principles” which is under review at the National Assembly. The bill was presented after the gruesome killing of a teacher, Samuel Paty, by a Jihadist after he had been criticized in a video online.The French Constitutional Court has previously struck down a government-backed provision to fight hate speech that would have forced platforms to remove obviously illegal content within 24 hours of being notified.Pichai, who is CEO of Alphabet’s Google unit, spoke with EU digital czar Margrethe Vestager Monday to discuss ongoing competition cases and digital legislation.Macron also set out his red lines on cloud computing in his call with the two executives, the aide said. Microsoft and Google have both joined consortia with European partners that aim to provide cloud-computing services to clients in the EU. Macron told them that he could only accept the involvement of companies from outside the EU if they were fully compliant with European law and data protection issues, the aide said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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  • Facebook's secret settlement on Cambridge Analytica gags UK data watchdog

    Remember the app audit Facebook founder Mark Zuckerberg promised to carry out a little under three years ago at the height of the Cambridge Analytica scandal? The UK's information commissioner just told a parliamentary subcommittee on online harms and disinformation that a secret arrangement between her office and Facebook prevents her from publicly answering whether or not Facebook contacted the ICO about completing a much-trumpeted 'app audit'. "I think I could answer that question with you and the committee in private," information commissioner Elizabeth Denham told questioner, Kevin Brennan, MP.

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  • BlackBerry stock gets a downgrade at RBC

    RBC Capital Markets analyst Paul Treiber downgraded shares of BlackBerry Ltd. to underperform from sector perform Tuesday, citing a big recent rally for the shares amid little change in the prospects for the company's unified endpoint management (UEM) or Cylance security businesses. "BlackBerry is now trading at multi-year highs and above peers," Treiber wrote, following a 207% rally since the end of November versus a 6% rise for the S&P 500 over that span. He said that BlackBerry reported its fiscal third-quarter results in December, showing a drop in dollar-based net revenue retention. Treiber also wrote that the "probability of an unannounced IP licensing gain appears low." BlackBerry sold 90 patents to Huawei and struck a patent-licensing settlement with Facebook Inc. , which Treiber called "positive" events, though he argued that "the magnitude of the potential one-time gain is likely to be smaller than the ~$7B increase in the company's market cap." A Dec. 15 court filing suggests that the Facebook arrangement was reached prior to the third quarter and might already be reflected in the company's outlook, he said. Treiber kept his $7.50 price target intact on BlackBerry shares, which closed Monday at $18.03 after a 28% rally. The stock is up another 11% in premarket trading Tuesday.

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  • Facebook Earnings: What to Look For From FB

    Facebook reports earnings after market close on January 27th. Can the company accelerate growth in monthly active users (MAU), earnings and revenue?

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  • Will International User Growth Aid Facebook (FB) Q4 Earnings?

    Facebook's (FB) fourth-quarter 2020 results are likely to reflect a burgeoning international user base and investments on promoting e-commerce on WhatsApp.

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  • What We Make Of Facebook's (NASDAQ:FB) Returns On Capital

    If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd...

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  • Facebook Users' Phone Numbers Are Going Out For $20 Each On Telegram: What You Should Know

    Private phone numbers of Facebook Inc (NASDAQ: FB) users are available through a bot on the rival Telegram messaging service for $20 a pop, Vice's Motherboard reported Monday. What Happened: The database contains information on 500 million Facebook users, a person advertising the service told Motherboard. The data is reportedly related to a vulnerability that the Mark Zuckerberg-led company fixed in August 2019. Vice tested the bot and found that initial results from the Telegram bot are redacted but they can be revealed by buying credits. Each credit is $20 and prices range up to $5,000 for 10,000 credits. Why It Matters: The bot apparently contains information on Facebook users from the United States, Canada, the United Kingdom, Australia, and 15 other countries. Facebook had more than 2 billion users by 2019 worldwide. The bot can be utilized by even novice cybercriminals as it is easy to access or by hackers, which can misuse the information, as per Vice. This month Apple Inc (NASDAQ: AAPL) iPhone users were suddenly logged out of their Facebook accounts due to an outage caused by a “configuration change,” as per USA Today. Price Action: Facebook shares closed nearly 1.3% higher at $278.01 on Monday and fell 0.53% in the after-hours session. Related Link: Elon Musk Discloses Funding WhatsApp Rival Signal, Says Will 'Donate More' See more from BenzingaClick here for options trades from BenzingaApple VR Headset To Arrive In 2022 And At A Steep Price: ReportWhy Google Is Threatening To Deprive Australians Of Its Search Engine© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • Facebook News: New section for journalism launches in social media app

    News will be personalised based on data collected by Facebook about its users

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