FB - Facebook, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
196.75
-5.51 (-2.72%)
At close: 4:00PM EST
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Previous Close202.26
Open202.35
Bid0.00 x 1100
Ask0.00 x 800
Day's Range194.10 - 203.66
52 Week Range123.02 - 208.66
Volume23,766,986
Avg. Volume13,124,250
Market Cap561B
Beta (5Y Monthly)1.06
PE Ratio (TTM)31.45
EPS (TTM)6.26
Earnings DateJan 28, 2020 - Feb 3, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est238.27
  • Why Grammy award winner Ne-Yo backed this school for coding
    Yahoo Finance Video

    Why Grammy award winner Ne-Yo backed this school for coding

    As U.S. student debt continues to rise, people are looking for alternative options like Holberton. It's a two-year program that charges no upfront tuition; instead students are required to pay back a certain percentage of their salaries over the course of 3 years after graduation. One notable investor in the school is Grammy award-winning artist Ne-Yo. Holberton School co-founder Sylvain Kalache and Ne-Yo joins On the Move to discuss.

  • Facebook's Messenger adds Star Wars-themed features and AR effects
    TechCrunch

    Facebook's Messenger adds Star Wars-themed features and AR effects

    Star Wars has come to Facebook's Messenger app. The features were developed in partnership with Disney to help promote the upcoming film, "Star Wars: The Rise of Skywalker," which premieres nationwide on December 20. Both the stickers and the reactions allow users to express themselves using characters from both sides of The Force, says Facebook.

  • Financial Times

    Countries vie for cryptocurrency supremacy as Libra tips scales

    Facebook, he was brusquely told, should be broken up. Libra, its cryptocurrency project, was being deserted by its backers and he should put it on hold until a regulatory framework was in place. Announced with a fanfare in June, Libra has rapidly become the benchmark for governments’ attitudes to crypto assets.

  • FTC Eyes Suit to Block Facebook Plan to Merge Apps
    Bloomberg

    FTC Eyes Suit to Block Facebook Plan to Merge Apps

    (Bloomberg) -- U.S. antitrust enforcers are considering going to court to stop Facebook Inc.’s plan to merge technology systems so that users can communicate across the company’s apps, according to a person familiar with the matter.The Federal Trade Commission is studying whether to seek a court order to block the company’s effort to enable messaging among users of WhatsApp, Instagram and Facebook Messenger, said the person, who declined to be named because the investigation is confidential.Facebook’s integration plan, announced in January, has come under criticism from those who say the move would make it harder to break up Facebook as part of any antitrust case against the company. The FTC, the U.S. Justice Department and a group of states are investigating whether Facebook has violated antitrust laws.FTC Chairman Joe Simons signaled he agreed with that view in an interview with Bloomberg in August. Asked how difficult a breakup of Facebook would be once the services had been well integrated, he said it would make the case “very messy.”“It’s hard,” he said. “It’s really hard.”Simons told Bloomberg at the time that he’s willing to go to court to seek a breakup of a tech company. Any decision by the FTC to sue would need a majority vote by the five-member commission.Facebook shares fell as much as 4% after the Wall Street Journal reported on the FTC’s deliberations. The shares fell 2.7% to $196.75 in New York.Facebook Chief Executive Officer Mark Zuckerberg wants to allow users of the messaging service on Instagram to chat with those using similar functions on WhatsApp and on the original Facebook site and app. Facebook says that would allow it to better view and control foreign election interference, the spread of terrorism and other content it deems bad. Currently users can’t communicate between services.The company has already begun to integrate messaging systems for Instagram, a photo app, with Facebook Messenger, Bloomberg has reported. The massive undertaking will stitch together the underlying technology and require corporate reorganization, but won’t change much about users’ interaction with the services.Critics including co-founder Chris Hughes have focused on Facebook’s ownership of the apps and its plans to knit them more tightly together. Such detractors have cast the integration as a source of danger to user privacy. They also say it would allow the company to further abuse its dominance and fend off enforcers’ attempts to curb its behavior.Facebook says it faces robust competition, even accounting for its ownership of the services.Many technological services are able to work together even when provided by different companies -- a concept known as interoperability. Users of Google’s email service, for instance, can easily communicate with friends who get their messages through Microsoft, and phones call one another regardless of wireless providers.Mobile chatting is not as well integrated, however. Those who study competition say that interoperability between rivals bolsters competition, but Facebook’s plan would allow the company’s apps to talk to one another rather than to outside services.The Justice Department has previously pushed back on the integration plan because it will involve encrypting Instagram and Messenger and make messages invisible to Facebook the way that already occurs on WhatsApp. The department, along with officials from Australia and the U.K., said in October that the company should pause its efforts until it can ensure lawful access to user communications. Facebook said in a letter released Tuesday that it rejected that call.The FTC’s investigation of Facebook, which became public in July, is examining in part whether the social media company’s acquisitions of Instagram and WhatsApp should be unwound even though they were previously approved by the agency.Advocates for aggressive antitrust action against Facebook, including Senator Elizabeth Warren, have argued both deals allowed Facebook to fend off emerging competition by acquiring platforms that posed a threat to its dominance. Warren has said she would seek to unwind both deals if elected president in 2020.(Updates with Facebook plan starting in fifth paragraph)\--With assistance from Kurt Wagner and Sarah Frier.To contact the reporters on this story: David McLaughlin in Washington at dmclaughlin9@bloomberg.net;Ben Brody in Washington, D.C. at btenerellabr@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net, Paula DwyerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Facebook Stock Drops As FTC Reportedly Weighs Injunction Regarding Apps
    Investor's Business Daily

    Facebook Stock Drops As FTC Reportedly Weighs Injunction Regarding Apps

    Facebook stock dropped following a report the Federal Trade Commission is considering a preliminary injunction over antitrust concerns related to how its products interact with competitors.

  • GuruFocus.com

    Why Is Citron's Andrew Left Betting Against Peloton?

    The activist short seller takes aim at the latest fitness fad Continue reading...

  • Reuters

    UPDATE 1-Facebook pledges $130 million to content oversight board, delays naming members

    Facebook said on Thursday it committed an initial $130 million to fund an independent oversight board, but said it would not announce its members this year, as originally expected. The board is one of Facebook's high-profile efforts to respond to criticism over how it handles problematic content and transparency around its decision-making. It also released an assessment on the human rights impacts of content decisions by the board.

  • U.S. regulator weighs action against Facebook over how its apps interact: report
    Reuters

    U.S. regulator weighs action against Facebook over how its apps interact: report

    Facebook shares closed 2.7% lower, reflecting fears the potential regulatory move could be a first step toward forcing the company to sell apps WhatsApp and Instagram, its fast-growing acquisitions. Facebook has plans to allow users of its units Messenger, WhatsApp and the direct messaging system within Instagram to communicate with each other, and end-to-end encryption will be extended across the three services. The Wall Street Journal said the FTC could file for an injunction to halt the integration as early as January.

  • Facebook shares drop on report of possible FTC injunction
    MarketWatch

    Facebook shares drop on report of possible FTC injunction

    Facebook Inc. shares are down sharply on a report the Federal Trade Commission weighing a preliminary injunction as early as next month against the social-networking giant amid antitrust concerns over how its products interact.

  • Barrons.com

    Facebook Stock Drops on a Report That the FTC Is Weighing Injunction on Antitrust Concerns

    Federal Trade Commission officials are considering seeking a preliminary injunction against Facebook due to antitrust concerns on how its products interoperate, according to a report.

  • Disney is giving us Baby Yoda toys for Christmas
    MarketWatch

    Disney is giving us Baby Yoda toys for Christmas

    You can now preorder plush and collectible toys of the breakout star of “The Mandalorian” on Disney+ from Amazon, Walmart and Disney.com

  • How Facebook Makes Money: advertising, payments and other fees
    Investopedia

    How Facebook Makes Money: advertising, payments and other fees

    Facebook, which rakes in billons of dollars in profit selling ad space, is facing rising scrutiny over privacy issues, antitrust violations, and its cryptocurrency named Libra.

  • Reuters

    Italian judge orders Facebook to reopen neo-fascist group's account

    An Italian judge on Thursday upheld an appeal by far-right group Casapound against a decision by Facebook to close its account, deeming that the move by the social media company prevented political pluralism. Facebook blocked Casapound's account in September, saying it had violated the platform's policy against spreading hate. Casapound espouses neo-fascist ideology and has boosted its profile in Italy by leading anti-migrant campaigns on social media.

  • Facebook pledges $130 million to content oversight board, delays naming members
    Reuters

    Facebook pledges $130 million to content oversight board, delays naming members

    Facebook said on Thursday it committed an initial $130 million to fund an independent oversight board, but said it would not announce its members this year, as originally expected. The board is one of Facebook's high-profile efforts to respond to criticism over how it handles problematic content and transparency around its decision-making. It also released an assessment on the human rights impacts of content decisions by the board.

  • Facebook to Set Aside $130 Million for Content Oversight Board
    Bloomberg

    Facebook to Set Aside $130 Million for Content Oversight Board

    (Bloomberg) -- Facebook Inc. has pledged $130 million over six years to pay for its proposed content oversight board, a Supreme Court-like group of outsiders that will help make some decisions about whether posts violate the company’s policies.Facebook first announced plans to create the board in November 2018, and some details about its structure and implementation have been released over the past year. The oversight board has been presented as a solution to complaints that Facebook is too powerful, and has too much control over what users can and cannot post. While the new board won’t write content policies for the company, it will be asked to interpret them and review instances when those decisions by Facebook’s content moderators are questioned.The money will be placed in a trust and used to fund the board’s operations and independent staff for the next six years, according to a Facebook blog post. The trust was created as a buffer between the oversight board and the company in an effort to uphold the independence of the members.It’s still unclear when this content oversight board will be fully functional. Facebook originally set a goal to pick the group’s 40 members by the end of the year, but now says that won’t happen until 2020.“We’ve decided to take additional time to consider the many candidates who continue to be put forward,” Facebook wrote in the post. Facebook also has not published any bylaws for the board, which will outline how the group operates. It’s expected that members won’t be required to work full time, although they will be paid.It’s unclear if the board will be up and running in time for the 2020 U.S. presidential election. Facebook has been heavily scrutinized ahead of the election given its role in propagating Russian disinformation four years ago. The company is already dealing with content issues for this election cycle, specifically a policy that it won’t fact-check posts from politicians, including ads. The policy has drawn ire from Democratic presidential candidates who are worried it will lead to the spread of fake news.To contact the reporter on this story: Kurt Wagner in San Francisco at kwagner71@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew Pollack, Anne VanderMeyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • TheStreet.com

    Facebook Pledges $130M For Content Oversight Board -- But Punts On Launching It

    The financial commitment will help the board operate for a six-year period, Facebook said. It adds to the company's substantial expenditures on safety, security and content moderation.

  • GuruFocus.com

    Banning Political Ads from Social Media: Be Careful What You Wish For

    Twitter’s heavy-handed approach may have consequences Continue reading...

  • TheStreet.com

    Facebook Falls on Report FTC Considering Seeking Injunction Related to App Integration

    The move by federal regulators could target the social media giant's integration of its apps and how they work with potential competitors.

  • ByteDance's Resso Stirs Up Competition in Music Steaming Space
    Zacks

    ByteDance's Resso Stirs Up Competition in Music Steaming Space

    Tik Tok-parent ByteDance's new music app Resso is expected to challenge the dominance of Spotify (SPOT) and Apple in the music streaming space.

  • Facebook Stock Falls 3%
    Investing.com

    Facebook Stock Falls 3%

    Investing.com - Facebook (NASDAQ:FB) Stock fell by 3.13% to trade at $195.88 by 14:25 (19:25 GMT) on Thursday on the NASDAQ exchange.

  • Facebook vows $130M to create content oversight board
    Yahoo Finance Video

    Facebook vows $130M to create content oversight board

    Facebook announced that it plans to put $130 million behind its push to establish an independent content oversight board to discern which posts might violate its content policies. Yahoo Finance’s Zack Guzman, Kristin Myers and The Corporate Agent CEO and Founder Angelique Rewers discuss on YFi PM.