|Bid||182.51 x 800|
|Ask||182.60 x 1200|
|Day's Range||182.61 - 184.19|
|52 Week Range||144.56 - 195.32|
|PE Ratio (TTM)||30.24|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
This week's major tech headlines include Facebook suspending over 200 apps due to misuse of data, the Senate's effort to preserve net neutrality and Xbox's Adaptive Controller aimed at aiding disabled gamers.
“I love hoodies, so when I saw that ad, it spoke right to my heart,” said Ms. Carlson, a 32-year-old in Oakland, Calif. The ad was from an e-commerce site called Affinity Find, which has more than 700,000 Facebook followers—about the same as eyeglass seller Warby Parker. Affinity Find sells dozens of products on its website, which says a store is coming soon to downtown Seattle.
and its Google search business are playing scapegoat this weekend. The tech giant is expected to be the focus of a 60 Minutes segment on Sunday, May 20, titled "The Power of Google." The segment will focus on "critics who say the company has stifled competition, and an antitrust enforcer who is taking action." Google shares finished down 1% on Friday on news of the segment. It's not the first time Google has come under fire for allegedly squashing competition or raising the barriers to entry too much.
This week the bloc introduces the General Data Protection Regulation, which will, its advocates argue, dramatically improve the care with which organisations both within the EU and elsewhere treat our personal data. will harmonise data protection rules across the world’s largest trading bloc, give greater rights to individuals over how their data is used, put in place significant protections for children and streamline regulators’ ability to crack down on breaches. by Cambridge Analytica, Europe’s approach to data privacy has started to appear much more relevant.
Facebook, Twitter and Akamai forged proper handles with new buy points last week as the stock market dipped. Google-parent Alphabet, Alibaba are working on handles.
Playing video games all day can make you some serious cash. In fact, some professional gamers make so much money that one financial adviser has built his entire business around telling them how to spend and save. Galen Herbst de Cortina, 29, spends 10 to 15 hours per week playing games like Faster Than Light, Celeste, Hearthstone and RimWorld.
The Oculus Go starts at $199 and gives you everything you need to experience virtual reality. You can sit in a movie theater, play games, watch 360-degree videos and more. Virtual reality, or VR, is the futuristic scenario you've seen in sci-fi movies where someone puts on a headset and then enters another environment: a digital world with movie-like scenes, immersive games, maybe a web browser.
Facebook says it removed fake profiles spreading misinformation in the wake of the school shooting in Santa Fe, Texas #tictocnews (Source: Bloomberg)
A trade group representing news organizations raised concerns in a letter to Facebook Inc. that the company’s rules on political ads are overly broad and could affect their ability to promote stories on the social network. The News Media Alliance, whose nearly 2,000 members include Wall Street Journal parent Dow Jones & Co., the New York Times, the Washington Post and many small papers, say Facebook’s rules would cause advertisements that promote news stories to be lumped in with political messaging. Facebook’s new guidelines, which will go into effect this month, will categorize ad spending on topics such as U.S. poverty, immigration and terrorism as political advertisements.
The data firm’s U.K. branch, which was at the center of the controversy, filed for protection from creditors in the U.K. earlier this month. Thursday’s chapter 7 filing in the U.S. Bankruptcy Court in New York was made along with the U.S. arm of Cambridge Analytica’s consulting business, SCL Group.
UK ministers are leaning towards tougher standards to tackle internet abuse, in a sign of politicians’ mounting frustration with technology companies. The new rules, which are intended to protect the mental health of young people in particular, could lead to internet users seeing fewer sexist and racist comments online. The government had previously appeared content to play a coordinating role, leaving Facebook, Google and other technology giants to agree voluntary codes of conduct.
Facebook Inc. is constantly expanding in its Silicon Valley hometown of Menlo Park, California. The social media giant reached a deal Friday to take all the office space at the newly constructed Park Tower at Transbay, according the asset management arm of MetLife Inc., one of the building’s developers. “We look forward to joining the San Francisco community as we gradually grow into MetLife Investment Management’s Park Tower,” John Tenanes, Facebook’s vice president of global facilities and real estate said in an emailed statement.
HANOI/SINGAPORE May 18 (Reuters) - A struggle over internet laws in Vietnam is pitting a government keen on maintaining tight control against U.S. technology companies trying to fight off onerous new rules - with the country's online dissidents among the biggest losers. Facebook, Google and other global companies are pushing back hard against provisions that would require them to store data on Vietnamese users locally and open offices in the country.
Europe's new data and privacy rules take effect a week from Friday, clarifying individual rights to the personal data collected by companies around the world for targeted advertising and other purposes. Years in the making, the rules are prompting companies to rewrite their privacy policies and in some cases, apply the European Union's tougher standards even in the U.S. and other regions where privacy laws are weak. Although they take effect as Facebook faces an enormous privacy crisis , that timing is largely coincidental.
After the Cambridge Analytica scandal broke out in mid-March, Facebook (FB) stock fell 17.8% before bottoming out on March 27. The stock consolidated over the next month before the social media giant announced another stellar quarter, which sent the stock up. Facebook’s stock price has recovered and is up 6.0% in 2018 year-to-date. Facebook’s revenues surged nearly 50.0%, and it saw an uptick in its user base despite concerns that privacy issues would subdue its user base.
What is the best way to manage risk at Facebook? Trillium Asset Management has asked Facebook's board, which includes Marc Andreessen, Ken Chenault, Reed Hastings, Sheryl Sandberg, Peter Thiel, and co-founder and CEO Mark Zuckerburg, to establish a risk-oversight board committee. In its April 17 letter to Facebook shareholders, Trillium urged investors to vote for shareholder proposal No. 4 in Facebook's 2018 proxy statement. The proposal asks Facebook’s board to issue a report discussing the merits of establishing a risk-oversight board committee.
Alphabet had an eventful week with its I/O developers' conference, a positive White House meeting, a decision to ban Irish referendum ads and Waymo projections from UBS.
News organizations are being put on notice that they too will be subject to a new Facebook Inc. advertising policy that’s aimed at combating the spread of political misinformation. The social media giant sent letters this week to members of the News Media Alliance, which include the New York Times and the Washington Post, outlining new rules that take effect May 22. Under the guidelines, Facebook will disclose when news organizations pay to boost the exposure of political articles, and store the details in an archive that includes advertisements for politicians or political groups.
Facebook Inc. doesn’t know how news organizations will fit into an initiative to provide transparency for political advertising on its social network. The company came up with a policy that puts news publishers in the same category as political publishers for the purposes of its new ad-transparency efforts. Facebook told media organizations they would have to verify their identities and have any ads promoting stories about politics placed in a public database, just like political campaigns would.
Amazon.com, Inc. (NASDAQ:AMZN) is leaving no stone unturned to bolster its video streaming business. Reportedly, the company is going to air a new series on Prime named The Hunt, which is directed by Jordan Peele of Get Out fame and David Weil. Amazon Prime’s contemporary content portfolio, that already contains The Man in The High Castle which is also related to Nazis during World War II, will expand further with the addition of the latest drama.
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day six years ago, Facebook, Inc. (NASDAQ: FB ) held its highly anticipated IPO. ...
Of all the widely followed and top-performing FANG stocks, Netflix, Inc. (NASDAQ:NFLX) has reigned supreme in terms of share price performance. Year-to-date, Netflix stock is up more than 70%. Meanwhile, over the past year, Netflix stock is up more than 100%.
Sometimes it’s handy to share a regular Instagram post in your story. Thankfully, Instagram has enabled a new function to make this easy for Android users (iOS coming soon!). Until recently sharing a post to your Story was a somewhat clumsy process involving screen grabbing and re-uploading content, but now the whole process can be completed in just a few taps.