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  • Investopedia15 minutes ago

    Facebook to Beat Q2 Estimates: Jefferies

    Analysts at Jefferies wrote a note to clients Friday in which they reiterated a buy rating on the social media stock and lifted their 12-month price target from $215 to $240. Investors sold off Facebook shares earlier this year on fears of heightened regulatory pressure after a headline data scandal involving London-based political consulting firm Cambridge Analytica, which occurred ahead of the 2016 U.S. presidential race.

  • Facebook (FB) Boosts AI, Hires Google Chip Development Head
    Zacks38 minutes ago

    Facebook (FB) Boosts AI, Hires Google Chip Development Head

    Facebook (FB) is reportedly hiring Shahriar Rabii, Google's AI head of chip development in its efforts to develop in-house chips.

  • Facebook’s Aquila Move Could Affect Spending and Strategy
    Market Realist51 minutes ago

    Facebook’s Aquila Move Could Affect Spending and Strategy

    Until the first quarter, Facebook (FB) has spent roughly $23.4 billion on R&D (research and development) since starting work on its Aquila project in 2014. Facebook’s R&D costs had risen 18.8% YoY in the fourth quarter of 2017. Initiatives like Aquila may have been responsible for Facebook’s rising R&D costs, so ending the drone-building program may reduce its R&D costs.

  • TheStreet.com56 minutes ago

    As Trump Courts Putin, Russia Is Shrinking Away from U.S. Economy

    President Trump's bromance with Russia's Vladimir Putin comes to a head on Monday, with the two scheduled for a sit-down in Helsinki after a stormy NATO summit. The closely-watched duo are expected to discuss Russia's positions in Syria and Ukraine, nuclear arms control, and Russia's election meddling in the U.S. -- a subject that again came to the fore on Friday with the indictment of 12 Russian intelligence officers for hacking and stealing voter information by special counsel Robert Mueller. Trump has regularly expressed a desire for better relations between the U.S. and Russia, most recently telling reporters in Britain this week: "I think that we have a chance to have a very good relationship with Russia and a very good relationship with President Putin.

  • Facebook poaches top Google chip engineer
    American City Business Journals1 hour ago

    Facebook poaches top Google chip engineer

    Facebook is beefing up its in-house chip ambitions, snagging one of Google’s senior directors of engineering to serve as the company’s new "Head of Silicon."

  • Monday’s Vital Data: Bank of America, Netflix and Facebook
    InvestorPlace1 hour ago

    Monday’s Vital Data: Bank of America, Netflix and Facebook

    U.S. stock futures are mixed this morning. Wall Street has placed its focus on corporate earnings, with Netflix (NASDAQ:NFLX) and Bank of America (NYSE:BAC) taking center stage today.

  • Bloomberg1 hour ago

    Israel Set to Approve ‘Facebook Law’ Against Web Incitement

    Israel’s government could seek court orders to force Facebook Inc. and other social media sites to remove content considered incitement, under a bill heading for final approval amid concerns about free speech. “Israel is fighting and will continue to fight terrorism, also on the Internet,” Justice Minister Ayelet Shaked Shaked said after a parliamentary committee sent the bill to the full plenum for a final vote, expected later this week. Shaked and Public Security Minister Gilad Erdan have been working on the bill since 2016.

  • Facebook’s Aquila Looks to Industry Drone Builders
    Market Realist2 hours ago

    Facebook’s Aquila Looks to Industry Drone Builders

    Facebook’s (FB) second-quarter earnings are slated to be released on July 25—a month after the company announced that it would overhaul its Aquila project. Facebook has been funding a project that involves using specialized drones to expand Internet access in developing countries. Dubbed Aquila, the project would use solar-powered drones capable of flying at high altitudes and staying aloft for months.

  • InvestorPlace3 hours ago

    Netflix Original Content Leads the Way for Netflix Stock

    Before 2013, Netflix (NASDAQ:NFLX) had never made an appearance at the Emmy Awards show. Heading into the 2018 Emmy Awards show, Netflix has 112 Emmy nominations, making it the most nominated content producer heading into the event, slightly ahead of long-time Emmy king HBO (108 nominations). What has happened over the past five years that has caused Netflix to go from zero Emmy nominations to 100-plus Emmy nominations?

  • Privacy activists to launch tracking-free rival to Facebook
    The Telegraph4 hours ago

    Privacy activists to launch tracking-free rival to Facebook

    Privacy activists to launch tracking-free rival to Facebook

  • Don’t Break Up Facebook
    Bloomberg4 hours ago

    Don’t Break Up Facebook

    Facebook Inc. bestrides the Earth. Any business of such dominance would raise concerns about fair competition, and Facebook is no exception. As preeminent as Facebook is, breaking it up would do little to stimulate competition, while causing plenty of harm.

  • VC Firm Social Capital Set Out to Fix Capitalism. Now It’s In Turmoil
    Bloomberg4 hours ago

    VC Firm Social Capital Set Out to Fix Capitalism. Now It’s In Turmoil

    Seven years ago, Social Capital made its debut as one of the hottest venture funds in Silicon Valley, the brainchild of a former Facebook Inc. executive with some grandiose ideas about backing startups that might help humanity. Social Capital has postponed fundraising at least three times during the past year, and roughly 90 percent of the $600 million from its last fundraise in 2015 is already committed, according to two firm investors. Social Capital Chief Executive Officer Chamath Palihapitiya, an early Facebook employee and now the only remaining co-founder, isn’t worried.

  • Google's Day of Reckoning Is About the Next Billion Users
    Bloomberg6 hours ago

    Google's Day of Reckoning Is About the Next Billion Users

    You have to give one thing to Facebook Inc.: Confronted by a torrent of accusations of misbehavior over the past 12 months, the world’s largest social network has at least made the effort to be conciliatory. The same cannot be said about Alphabet Inc.’s Google. The European Commission will this week reveal the punishment for the search giant’s practice of forcing smartphone-makers to install its suite of apps on devices running on its Android operating system.

  • Instagram is changing the way fashion sells in India
    Quartz10 hours ago

    Instagram is changing the way fashion sells in India

    On July 04, a handful of designers and lifestyle journalists gathered at New Delhi’s hip Cafe Dori in the upmarket Dhan Mill Compound for a “fashion masterclass.” Their host was Sandeep Bhushan, director of Facebook for India and south Asia. Bhushan was making a case for following fashion trends on Instagram, the social media giant’s…

  • Benzinga19 hours ago

    Benzinga's Bulls & Bears Of The Week: AT&T, Facebook, Intel, Netflix, Twitter And More

    Benzinga featured looks at many investor favorite stocks over the past week. Bullish calls included a number of leading tech stocks. Bearish calls included retailers and a newly minted merger. The new ...

  • Facebook failing to remove groups showing pirated films
    The Telegraph2 days ago

    Facebook failing to remove groups showing pirated films

    Facebook failing to remove groups showing pirated films

  • Morningstar2 days ago

    Morningstar Runs the Numbers

    We take a numerical look through this week's Morningstar research. Plus, our most popular articles and videos for the week ended July 13.

  • Reuters2 days ago

    Facebook, Twitter, Alphabet to testify at U.S. House hearing

    The U.S. House Judiciary Committee will hold a hearing on Tuesday to take testimony from Facebook Inc, Alphabet Inc's YouTube unit and Twitter Inc on whether social media companies are filtering content for political reasons, the committee chairman said. Conservative Republicans in Congress have criticized social media companies for what they claim are politically motivated practices in removing some content, a charge the companies have rejected. Twitter declined to comment.

  • Facebook, Twitter, Alphabet to testify at U.S. House hearing
    Reuters2 days ago

    Facebook, Twitter, Alphabet to testify at U.S. House hearing

    The U.S. House Judiciary Committee will hold a hearing on Tuesday to take testimony from Facebook Inc, Alphabet Inc's YouTube unit and Twitter Inc on whether social media companies are filtering content for political reasons, the committee chairman said. Conservative Republicans in Congress have criticized social media companies for what they claim are politically motivated practices in removing some content, a charge the companies have rejected. Twitter declined to comment.

  • The Wall Street Journal3 days ago

    [$$] Facebook Gives Researchers 'Full Access' for Election Studies

    Social Science One, a group formed earlier this year with backing from nonprofits including The John S. and James L. Knight Foundation and The Charles Koch Foundation, said it would start accepting proposals from researchers for funding. Facebook is participating in the effort as part of what company officials have said is a renewed commitment to transparency and stamping out abuses on the platform. In making the alliance, Facebook is continuing to work with outside researchers even as it grapples with the fallout from revelations that data-analytics firm Cambridge Analytica improperly accessed and retained user data.

  • Facebook reportedly hires AI chip head from Google
    TechCrunch3 days ago

    Facebook reportedly hires AI chip head from Google

    Facebook is continuing to devote more resources to the development of AI-

  • Investopedia3 days ago

    Cryptocurrency This Week

    Last week's gains in the cryptocurrency space proved to be short-lived, much to the chagrin of digital currency enthusiasts around the world. Indeed, the total market cap of the cryptocurrency industry fell by about 6% this week, dropping to $249 billion. Several of the top digital currencies, including bitcoin, ethereum, and ripple, have all posted losses this week.

  • Microsoft president calls on government to regulate facial recognition tech
    American City Business Journals3 days ago

    Microsoft president calls on government to regulate facial recognition tech

    Brad Smith's unusual proposal rises in the midst of a heated, worldwide debate over the role of facial recognition in society and law enforcement

  • Facebook Hires a Head of Chip Development From Google
    Bloomberg3 days ago

    Facebook Hires a Head of Chip Development From Google

    Facebook Inc. has sent another signal that it’s serious about building its own semiconductors, joining Apple Inc., Alphabet Inc.’s Google, and Amazon.com Inc. in trying to make its own custom chips. The social-networking giant this month hired Shahriar Rabii to be a vice president and its head of silicon. Rabii previously worked at Google, where he helped lead the team in charge of building chips for the company’s devices, including the Pixel smartphone’s custom Visual Core chip, according to his LinkedIn profile.

  • InvestorPlace3 days ago

    Valuation on BlackBerry Stock Is a Tough Pill to Swallow

    It is official.