162.80 -1.54 (-0.94%)
Pre-Market: 4:02AM EDT
|Bid||0.00 x 1800|
|Ask||0.00 x 1400|
|Day's Range||164.09 - 167.42|
|52 Week Range||123.02 - 218.62|
|Beta (3Y Monthly)||1.18|
|PE Ratio (TTM)||21.71|
|Earnings Date||Apr 23, 2019 - Apr 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||196.07|
Benzinga has examined prospects for many investor favorite stocks over the past week. Bullish calls included some big names that American consumers love. And bearish calls included some embattled industry ...
The Insider Monkey team has completed processing the quarterly 13F filings for the December quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors endured a torrid quarter, which certainly propelled them to adjust their equity holdings so as to maintain the desired risk profile. As […]
Mark Zuckerberg, the co-founder and chief executive of Facebook Inc., seems increasingly alone at the top of his company with the departure of two key executives last week, after his privacy pivot.
Parties backing the military and royalist establishment are dueling for power with the populist movement of exiled former premier Thaksin Shinawatra. On the election agency’s Facebook page, with 92 percent of votes counted, the pro-military Palang Pracharath party led with 7.5 million votes. Thaksin-linked Pheu Thai was second with 7.05 million, and the upstart Future Forward party third with just over 5 million.
Ahead of fresh high-level trade talks this week, China is not conceding to U.S. demands to ease curbs on technology companies, the Financial Times reported on Sunday, citing three people briefed on the discussions. U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are scheduled to travel to Beijing for talks starting on March 28, the White House said on Saturday. The FT report https://on.ft.com/2JOKzer said Beijing had yet to offer "meaningful concessions" to U.S. requests for China to stop discriminating against foreign cloud computing providers, to reduce limits on overseas data transfers and to relax a requirement for companies to store data locally.
I read an article about Snap (NYSE:SNAP) CEO Evan Spiegel recently that was highly complimentary of the 28-year-old wunderkind. It got me thinking about Snap stock, which went over $10 on Mar 13 for the first time in six months, a hallelujah moment if there ever was one for Spiegel and the rest of Snap's management team. Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsWith Snap stock on a roll, is $20 the next logical target for Snap stock? * 10 Stocks on the Rise Heading Into the Second Quarter Yes and no. Here's why. Why $20 Could Be in the Cards for Snap StockMy InvestorPlace colleague Josh Enomoto paid me a nice compliment recently. And it just happened to be related to Snap stock."Certainly, those who recommended speculating on SNAP stock finally have credibility. Last September, InvestorPlace's Will Ashworth stated that SNAP stock was worth gambling on as long as it stayed under $10. As is usually the case, he was right on the money. Year-to-date, SNAP stock is up over 69%," Enomoto wrote February 19. While Josh's words are very kind, he knows all too well that the business of investment prognostication is one-third analysis and two-thirds luck. As they say, "Even a blind squirrel finds an acorn once in a while."In my September article, I made it abundantly clear that I wouldn't buy Snap stock. Now that it's doubled in price, I still wouldn't. The question is whether you should.I've not always been a fan of Spiegel's. In July 2017, I questioned the wisdom of Speigel and his wife, Miranda Kerr putting their wedding photos on Instagram, Facebook's (NASDAQ:FB) website which threatens Snapchat's very existence. "I have to wonder about their decision to put the photos on Instagram -- one of the social media apps that could put Snap out of business, ultimately sending SNAP investors scrambling to buy FB stock, if they already haven't," I wrote. However, I have to give him credit for risking it all in the short-term for an app redesign that would deliver consistent revenue and profit growth in the long-term. It's not easy to take that kind of risk when the entire world is telling you that you're making a huge mistake. But innovation is what drives great companies.That's why I'm a huge fan of Elon Musk's despite the fact that he's as erratic a CEO as Donald Trump is a President. However, when I read stuff like I did earlier this week about Tesla (NASDAQ:TSLA) updating the Model 3's software to give the car 5% more power, I bow down to the innovation master. It's brilliant. Referring back to the beginning where I mentioned a recent article that got me thinking about Snap stock, iHeart Radio CEO Bob Pittman, who once was a top executive at Time Warner, said something very telling about Spiegel and Snapchat. "Anytime you do a redesign of anything, you get a backlash because you've changed what people already know," Pittman said. "If you're going to drive consumer products, you have to be willing to keep evolving it and moving it. I think Evan is probably one of the prime examples of someone who's willing to do that."Now, before you get on the computer to buy Snapchat stock, it's important to know that iHeart Radio is a Snapchat partner, so his comments have to be taken with a modicum of cautionThat said, Spiegel's got the innovation chops to get Snap to non-GAAP and then GAAP profitability. But it's going to take some more time. Why $20 May Not Be in the Cards for Snap StockThe one thing I didn't mention about my colleague, Josh Enomoto, is that he knows a thing or two about technology. That makes him a better evaluator of Snap's prospects than myself. Here's what he had to say in mid-February. "When it comes to ARPU, whom is SNAP going to target for revenue opportunities? Snapchat's advertisement sales and engagement run a distant third to Facebook and Twitter(NYSE:TWTR), who are first and second, respectively," Josh wrote. "Even more problematic, media and entertainment firms run the most advertisements on Snapchat's platform. That's fine, but the company won't be able to raise its ARPU by selling ads to companies in other sectors."Essentially, what he's saying, is that the chances of SNAP delivering a string of earnings beats beyond its impressive Q4 surprise are very small. As Snap stock has appreciated another 15% since mid-February, any negative surprise when it reports first-quarter earnings at the end of April will most certainly send the SNAP stock price diving into single digits. In other words, there's still a lot of risks associated with Snap stock, and those risks may have increased now that it's doubled in price. The Bottom Line on Snap StockI would love to say I know for sure that SNAP will go to $20. If I did, I wouldn't be writing about its stock; I'd be making money from it. At $5, it was easy to recommend that aggressive investors take a shot at SNAP stock. At $10, the odds of it doubling a second time in a year are low to non-existent. However, if you have the stones to handle a lot of risks, it's one of the more intriguing low-priced bets available in today's market. It's not one I'd take, but that doesn't mean you shouldn't. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Specialty Retail ETFs to Buy the Industry's Disruption * 5 Stocks To Buy for the Happiest Employees * 3 Out-of-Favor Consumer Stocks to Buy Compare Brokers The post Is Snap Stock Headed for $20? appeared first on InvestorPlace.
As an investor, you may think Facebook is a great buy or a bad deal. Here's how to make an informed decision for or against it, by the numbers.
The Bay Area's embrace of risk, failure and new ideas means it remains it a magnet for companies around the world eager to tap into region's innovation.
Pinterest says changes by Google and Facebook in early 2018 negatively impacted its user growth.
Zuckerberg told the famous architect he wanted a building that expressed the company’s values, which include modesty.
Today, we have highlighted three blue-chip stocks that look like buys at the moment amid the market's larger comeback, driven by growth from tech giants such as Netflix (NFLX), Facebook (FB), and Amazon (AMZN).
Tech stocks have made a spectacular comeback this year but face a number of political and economic risks that could send crashing again.
An elite group of 14 startups has been inducted into this small but growing group of unicorns that may IPO in 2019 or 2020
Your Facebook (NASDAQ:FB) password needs to be changed as soon as possible as the social media site has reportedly been storing the passwords of millions of users in plain text.Source: Facebook Brian Krebs of Krebs on Security revealed the news, noting that the business was storing these passwords on the company's servers without any form of encryption or concealment. The announcement comes less than a month after CEO Mark Zuckerberg said the company planned on improving its privacy and security measures.Facebook and other social media sites often use hashes and salts passwords to stop any cybercriminals from reading user passwords easily. However, the list of passwords discovered by Krebs were easy to read for anyone with the knowhow on how to access it.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHe adds that these passwords were on a server, which was accessed millions of times by about 2,000 engineers and developers, endangering the security and privacy of Facebook's users.In response to this issue, Facebook VP of engineering, security and privacy Pedro Canahuati wrote in a post that the site will be informing "hundreds of millions of Facebook Lite users, tens of millions of other Facebook users, and tens of thousands of Instagram users" to inform them that their passwords were made available in the server that has them stored as plain text.Perhaps surprisingly, the news only caused FB stock to decline about 0.5% on Friday. More From InvestorPlace * 5 Cloud Stocks to Help Your Portfolio Fly * 10 Stocks on the Rise Heading Into the Second Quarter * 7 Beaten-Up Stocks to Buy as They Reverse Course Compare Brokers The post Why You Need to Change Your Facebook Password Now! appeared first on InvestorPlace.
Interested in buying "hot" IPO stocks? Keep in mind these lessons from the initial public offerings of Facebook, Alibaba, Snap, Tencent Music and Cronos.
The Daily Crunch is TechCrunch's roundup of our biggest and most important stories. Prompted by a report by cybersecurity reporter Brian Krebs, Facebook confirmed that it stored “hundreds of millions” of account passwords in plaintext for years. The discovery was made in January, said Facebook’s Pedro Canahuati, as part of a routine security review.
A top Pentagon official plans to meet with Google brass and Facebook has 'hundreds of millions' of users scrambling to change their password. Yahoo Finance's Dan Howley talks about Big Tech's troubles with Adam Shapiro and Julie Hyman.
Facebook is scrambling to deal with a security glitch that left users' passwords exposed to employees. It's just the latest issue to face the social network in a difficult year since the Cambridge Analytica data privacy scandal broke. CNET senior producer Dan Patterson joins CBSN with more.
'Console Wars' author Blake Harris on Microsoft's plans to release no-disc gaming console, Facebook under fire because hundreds of millions of user passwords were stored as plain text visible to the social media company's employees and concerns over Facebook's handling of the live stream of the shootings in New Zealand.