FB - Facebook, Inc.
187.82 -0.32 (-0.17%)
After hours: 7:58PM EDT
| Previous Close | 188.08 |
| Open | 188.09 |
| Bid | 188.25 x 800 |
| Ask | 188.29 x 3200 |
| Day's Range | 186.01 - 189.08 |
| 52 Week Range | 123.02 - 208.66 |
| Volume | 8,795,059 |
| Avg. Volume | 14,810,098 |
| Market Cap | 536.754B |
| Beta (3Y Monthly) | 1.28 |
| PE Ratio (TTM) | 31.82 |
| EPS (TTM) | 5.91 |
| Earnings Date | Oct 28, 2019 - Nov 1, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 235.55 |
- Investor's Business Daily
Dow Jones Futures: Stock Market Steady, Apple In Buy Range After Fed Rate Cut; Microsoft Sets Big Buyback
Dow futures: The stock market rally held up after a Fed rate cut and Fed chief Jerome Powell's comments. Apple is a buy again. Microsoft rose late on a buyback. Will AT&T; sell DirecTV?
- Bloomberg
Facebook CEO Mark Zuckerberg Visits Washington Amid Scrutiny
(Bloomberg) -- Facebook Inc. Chief Executive Officer Mark Zuckerberg is visiting Washington as the company confronts growing scrutiny over its privacy and marketplace practices.Zuckerberg will “meet with policy makers and talk about future internet regulation,” Facebook spokesman Andy Stone said in a statement.He is scheduled to meet with Senator Maria Cantwell of Washington State, according to a person familiar with the plans. Cantwell is the top Democrat on the Senate Commerce Committee, which is weighing privacy legislation.Zuckerberg will also meet with House Intelligence Chairman Adam Schiff of California, said another person familiar with the matter, who on Wednesday night declined to say exactly when the meeting would take place or provide additional information.Senator Jerry Moran, a Kansas Republican, is also working on scheduling a get-together with Zuckerberg, a senior Senate aide said.He is not scheduled to meet with House Speaker Nancy Pelosi, according to a person familiar with the matter. Democrats castigated the company earlier this year after it failed to remove a doctored video of Pelosi. She has snubbed at least two meetings with him, Bloomberg has reported.Zuckerberg’s Washington visit comes as Facebook is battling criticism from lawmakers over its handling of users’ personal information, the proliferation of violent content and election interference by foreign operatives. The company is also facing antitrust investigations of its business practices from federal, congressional and state authorities.On Wednesday, lawmakers from the Senate Commerce Committee grilled executives from Facebook, Twitter Inc. and Alphabet Inc.’s Google over the spread of extremism and violence on digital platforms.Separately, the Federal Trade Commission has opened an antitrust probe of the company, and New York is leading a coalition of states in a wide-ranging investigation of the social media giant. In July, Facebook agreed to pay $5 billion to settle FTC allegations it violated users’ privacy.The House Judiciary antitrust subcommittee is also investigating competition issues in the technology industry. Last week, the panel sent a letter to Facebook seeking information about its acquisitions as well as communications from Zuckerberg, Chief Operating Officer Sheryl Sandberg, former general counsel Colin Stretch and policy chief Kevin Martin.The company is trying to win over lawmakers threatening to stymie its launch of a new digital currency called Libra that its executives say can lower costs and expand access to the banking system in third-world countries. The project faced bipartisan scorn during congressional hearings in July, even leading to legislative proposals that would kill it.(Updates with Zuckerberg meetings with Schiff and Moran from fourth paragraph.)\--With assistance from Billy House, Joe Light and Ben Brody.To contact the reporters on this story: Naomi Nix in Washington at nnix1@bloomberg.net;Rebecca Kern in Arlington at rkern21@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net, John HarneyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
Roku (ROKU) Shares Plummet as More Companies Enter the Streaming Race
Roku (ROKU) shares closed down almost 14% on Wednesday as social media giant Facebook (FB) announced that they would be jumping on the streaming bandwagon.
- Decrypt
Why European animosity to Facebook won’t halt Libra
Economic heavyweights France and Germany have vowed to thwart Facebook’s crypto. But there’s no unity in Europe on policy, says Cardano's Charles Hoskinson.
- Market Realist
Facebook Creates Independent Content Oversight Board
Facebook plans to set up an independent oversight board to support its content moderation efforts. The board would settle disputes regarding user content.
- Reuters
Facebook CEO Zuckerberg to meet with U.S. senators this week
Facebook Chief Executive Mark Zuckerberg is on Capitol Hill this week to meet with senators as the social media giant faces scrutiny from both the Federal Trade Commission and members of Congress, the company confirmed on Wednesday. Zuckerberg will be in Washington to "talk about future internet regulation" with policymakers but has no public events planned, Facebook said in a statement. Zuckerberg is holding meetings late Wednesday and on Thursday on Capitol Hill.
- Bloomberg
This Less-Known Singapore Property Play Pays 51%
(Bloomberg Opinion) -- Singapore is a major Asian refining hub, though it doesn’t have a drop of crude petroleum. Now, the tiny country is punching above its weight in data. The upshot for investors: An asset class that pays 51% in a world where earning even zero is increasingly a luxury.There’s a limit to how many bits and bytes even a busy financial center of 5.6 million people can produce. Yet, measured by power supply, Singapore is now the world’s largest repository for storing and processing data. Facebook Inc. alone is setting up an 11-story facility, its first such custom-built center in Asia. Data-center real-estate investment trusts, or landlords who take money from public shareholders to own and manage server farms for rent-paying tech clients, are now a globally popular investment. Singapore has unique attractions. Some are technical, such as low-latency connectivity. Another is that its investors are wealthy and old. Assured returns today excite them more than uncertain growth tomorrow. If global tech is a gold rush, Singaporeans are happy to pour money into the picks and shovels.Consider two current deals. Keppel DC REIT, which is seeking a combined S$478.2 million ($347.8 milion) from a private sale of shares and a preferential issue, saw the placement fully covered within the first hour of bookbuilding at the top of the price range. Shares have risen 44% over the past year. Including dividends, the returns have been 51%. Keppel DC will use the newly raised funds to expand its portfolio to S$2.58 billion, spread across 17 data centers globally.A world awash in cash helps boost the attractiveness of REIT dividends for small savers who would otherwise have to lunge for risk to earn decent yields. Not surprisingly, Mapletree Industrial Trust increased the size of its private placement to S$400 million after it was covered 6.3 times. The Singapore REIT, which wants to acquire data centers in North America, has handed 30% returns to investors over the past year. Will the good times last? Singapore has its drawbacks. The island became the “Houston of Asia” because it had a deep-water seaport and a large rig-building industry.The oil of the 21st century is a different industry. Data travels along copper wires and gets stored in micro-thin wafers of metal compounds, which have a tendency to heat up. The ideal storage center would be in a place where the electricity consumed in keeping servers cool isn’t as high as in tropical Singapore. Every watt of power that goes into computing as much as 0.78 watts has to be set aside to beat the year-round heat and humidity.Neither does it help that real estate is scarce. Even with land reclaimed from the sea, Singapore remains smaller than Rhode Island.Still, Singapore’s long-term advantage comes from being tiny, especially if Hong Kong founders as a rival.Sprawling data centers in China’s Inner Mongolia, as well as India or Indonesia, will primarily serve domestic digital content and commerce. They’ll also be fraught with politics. Populous countries will insist on being able to trace their citizens’ online behavior in the name of national security. Localization is one price global tech firms will have to pay to access these sizable markets. With New Delhi weighing a law that would make local storage mandatory, mining tycoon Gautam Adani wants to invest $10 billion in server farms in just one state. He’s waiting to sign up the likes of Amazon.com Inc. and Google. Alphabet Inc.’s Google, which has no data centers in China, has been in talks with Tencent Holdings Ltd. and several other Chinese firms to bring in its cloud services. However, in China’s case, an additional complication is the trade war. It’s not clear if Alphabet’s plans to offer Google Drive and Google Docs on the mainland will proceed apace amid increasing scrutiny by a hawkish establishment in Washington.Singapore, run by the same political party since 1959, offers predictable rule of law and infrastructure to give tech companies a comfort level for storing their most valuable resource. On land costs alone, neighboring Malaysia would be cheaper. But when deciding to set up a data center, investors assign a far bigger weight to future risks. And that’s where small, stable Singapore earns its big payoff.To contact the author of this story: Andy Mukherjee at amukherjee@bloomberg.netTo contact the editor responsible for this story: Patrick McDowell at pmcdowell10@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services. He previously was a columnist for Reuters Breakingviews. He has also worked for the Straits Times, ET NOW and Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Benzinga
Germany Joins France In Pushing Back Against Facebook's Libra
France and Germany have both agreed to block Facebook’s Libra cryptocurrency. German parliamentarian Thomas Heilmann said the German government will block projects like Libra, which aligns with France's stance. The news is not going over well with the blockchain and crypto community.
- Reuters
UPDATE 2-Facebook CEO Zuckerberg to meet with U.S. senators this week
Facebook Chief Executive Mark Zuckerberg is on Capitol Hill this week to meet with senators as the social media giant faces scrutiny from both the Federal Trade Commission and members of Congress, the company confirmed on Wednesday. Zuckerberg will be in Washington to "talk about future internet regulation" with policymakers but has no public events planned, Facebook said in a statement. Zuckerberg is holding meetings late Wednesday and on Thursday on Capitol Hill.
- Investor's Business Daily
Facebook Expands Streaming Wars, Takes A Bite Out Of Roku
Facebook has unveiled its video-streaming Portal TV and Comcast plans to offer its Xfinity Flex set-top box for free to internet customers. Roku stock dived on the news, as Facebook was flat.
- MarketWatch
Mark Zuckerberg to meet with lawmakers in D.C. on Thursday
Facebook Inc. Chief Executive Mark Zuckerberg is going to Washington on Thursday -- his first visit to Capitol Hill since he testified before Congress last year. "Mark will be in Washington, D.C., to meet with policymakers and talk about future internet regulation. There are no public events planned," Facebook spokesman Andy Stone told MarketWatch. The visit, first reported by Axios, comes a week after the House Judiciary Committee asked the CEOs of Facebook , Alphabet Inc.'s Google , Amazon.com Inc. , and Apple Inc. to fork over email and other documents as part of an ongoing federal government investigation into their business practices and considerable marketing sway.
- Zacks
3 Large-Cap Dividend Stocks to Buy After Fed Cuts Interest Rates for Second Time
We searched, using our Zacks Stock Screener, for large-cap dividend stocks investors might want to buy after the U.S. Federal Reserve cut interest rates for the second time...
- InvestorPlace
4 Top Stock Trades for Thursday: ROKU, ADBE, BYND
It has been a quiet week, but stocks were on the move Wednesday after the Fed announced it would cut interest rates by 25 basis points. Let's look at a few top stock trades going forward. Top Stock Trades for Tomorrow 1: RokuRoku (NASDAQ:ROKU) was by far the top focus on Wednesday, with shares falling more than 14% at one point. The fall comes despite the stock consolidating at its 20-day moving average and receiving a nice price target increase on the day. However, both Facebook (NASDAQ:FB) and Comcast (NASDAQ:CMCSA) announced over-the-top streaming products for its customers.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt seems like investors were just looking for an excuse to sell Roku. After all though, shares ran from ~$100 pre-earnings to more than $175 a month later. As if a 75% rally in one month weren't absurd enough, shares were up almost four-fold from the December lows before that rally. * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars So what now?Shares puked right down into the 50-day moving average. Is it still enough to unwind that overbought condition? We won't know until ROKU puts in a few more sessions. Right now, it certainly looks like more losses could be on the way.Perhaps not in the next day or two, but looking forward to the intermediate term. That said, we don't have a crystal ball and we need to keep watch day by day.At $120, Roku stock would be back to its gap-up post-earnings open and at the 38.2% retracement. Should we get a Q4 swoon where the market is hit hard, one could see a scenario where Roku is back down into the $100 to $110 level.A reversal could change the tune for Roku, with bulls back in control if shares reclaim the 23.6% and the 20-day moving average. Let's start with the 50-day and see how Roku does from there. Top Stock Trades for Tomorrow 2: Adobe SystemsAdobe Systems (NASDAQ:ADBE) fell after reporting earnings, but held a very key spot. Support came into play from the 200-day moving average and uptrend support (blue line).I would love to see ADBE stock reclaim the key $277 level, as well as the 20-day moving average. In this event, look for a possible rally up to the 50-day moving average.Below Wednesday's low is cause for concern for longs. Top Stock Trades for Tomorrow 3: Beyond MeatBeyond Meat (NYSE:BYND) is on the move lower after Tim Horton's will reportedly pull BYND's products from most of its locations.So far though, BYND remains mostly range-bound. Below uptrend support near $145, and range support at $140 is on the table. Below that mark certainly raises a red flag for bulls, but if it holds, a rebound could be in store.Should support hold or should Beyond not even fall to that point, look for a possible rally to range resistance near $170 and the 50-day moving average, currently near $168. Top Stock Trades for Tomorrow 4: Bristol-Myers SquibbAfter hitting a low point in July, Bristol-Myers Squibb (NYSE:BMY) stock has been slowly but surely making its way higher. Remember it's in the midst of acquiring Celgene (NYSE:CELG) too.In any regard, look to see if we can get a move over $50. If so, it puts a run up to $53 on the table. * 7 Momentum Stocks to Buy On the Dip On the downside, I want to see prior short-term resistance near $48 act as support. Below uptrend support and/or the 20-day moving average, and BMY may need more time to setup.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long CELG. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars * 5 Stocks to Buy With Great Charts * 5 Goldman Sachs Stocks to Buy with Over 20% Upside Potential The post 4 Top Stock Trades for Thursday: ROKU, ADBE, BYND appeared first on InvestorPlace.
- Market Realist
Snap Falls after an Impressive Rise: What’s to Come?
Snap (SNAP) stock is down by over 1% in the trading session today. The fall in the stock follows a 6.79% jump on September 17.
- MarketWatch
Facebook is auto-generating pages glorifying Islamic State, al-Qaida
U.S. senators on the Committee on Commerce, Science, and Transportation questioned representatives from Facebook
- Zacks
Google Roundup: Regulatory Matters, Waymo, GM Deal, Employees
Google is up against a lot of scrutiny from U.S. regulators, which overshadows its legal win in Germany, self-driving prowess and strategic wins at traditional automakers.
- Benzinga
How Facebook, Comcast Just Shook Up The Streaming Video Wars
Streaming video stocks came under pressure Wednesday, led by a double-digit percentage loss in shares of Roku Inc (NASDAQ: ROKU ). The catalyst some investors are citing is Facebook, Inc. (NASDAQ: FB ...
- InvestorPlace
AR News: Facebook, Ray-Ban Team Up on ‘Orion’ Smart Glasses
AR news for Wednesday includes a possible partnership between Facebook (NASDAQ:FB) and Ray-Ban.Source: Zapp2Photo / Shutterstock According to some recent AR news reports, Facebook is working together with the company to create a pair of AR glasses. These aren't just a novelty item either. FB wants them to be able to completely replace smartphones.So when exactly can customers expect to see Facebook smart glasses launch? The current AR news reports say that FB is hoping to have them ready sometime between 2023 and 2025. However, it's possible that they will come out later than this, or not at all.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhat we do know is that Facebook is reportedly calling the smart glasses "Orion", but this is only a codename. There's also been talk that the social media company is creating a ring device and smart assistant that allow users to control the AR device, reports CNBC.Other reports have been claiming that a different pair of AR glasses will be coming from Ray-Ban. These rumors say that the smart glasses are going by the codename "Stella" and will come out before Orion. However, it may not include all the extra features that Orion will reportedly come with. * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars Facebook is also far from the only company that has an interest in creating AR glasses. Apple (NASDAQ:AAPL) is another major tech company that is looking to release its own pair of smart glasses. That's bad news for FB as rumors claim AAPL's AR glasses may launch as early as 2021. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars * 5 Stocks to Buy With Great Charts * 5 Goldman Sachs Stocks to Buy with Over 20% Upside Potential As of this writing, William White did not hold a position in any of the aforementioned securities.The post AR News: Facebook, Ray-Ban Team Up on 'Orion' Smart Glasses appeared first on InvestorPlace.
- Barrons.com
Congress Asked Facebook to Turn Over a Trove of Emails. Here’s What It’s Looking For.
A key focus of the House Judiciary Committee’s request for a huge range of documents from Facebook is if the social media giant used the data it had collected from users to undermine its rivals, according to Evercore.
- Investor's Business Daily
These Are The 5 Best Stocks To Buy And Watch Now
Superior fundamentals and technical action, and buying at the right time, are all part of a shrewd investing formula. Check out Apple, Lululemon, Teradyne, Copart and Ally Financial.
- Reuters
U.S. social media firms say they are removing violent content faster
Major U.S. social media firms told a Senate panel Wednesday they are doing more to prevent to remove violent or extremist content from online platforms in the wake of several high-profile incidents, focusing on using more technological tools to act faster. Critics say too many violent videos or posts that back extremist groups supporting terrorism are not immediately removed from social media websites. Senator Richard Blumenthal, a Democrat, said social media firms need to do more to prevent violent content.
- Reuters
Facebook met UK officials three times before Libra announcement
Facebook met British finance ministry, central bank and regulatory officials in the weeks before making public its plans for the Libra digital currency, responses to Reuters freedom of information requests show. The details of the meetings suggest a concerted effort by the world's biggest social network to try to win support for its plans ahead of the June 18 unveiling of Libra, a cryptocurrency that will be backed by major currencies and other assets. Despite this, Libra has drawn a sceptical response from regulators and politicians in Europe and the United States, with concerns centering on its potential to upend the world financial system, harm privacy and foster money laundering.
- Yahoo Finance Video
Facebook, Ray-Ban partner to create smart glasses
For years, Facebook has had trouble developing augmented-reality glasses. The social media giant is now reportedly turning to Ray-Ban parent company Luxottica to create the glasses. The company is hoping to release the smart glasses no later than 2025.
- TechCrunch
Hands on with Facebook’s Portal TV
We try out Facebook’s new video chat TV set top box and smaller smart screens
