FB Dec 2019 180.000 put

OPR - OPR Delayed Price. Currency in USD
+2.98 (+65.21%)
As of 3:57PM EDT. Market open.
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Previous Close7.40
Expire Date2019-12-20
Day's Range4.40 - 7.60
Contract RangeN/A
Open InterestN/A
  • Mobile World Congress Americas underway in LA
    Yahoo Finance Video

    Mobile World Congress Americas underway in LA

    The second annual Mobile World Congress Americas is underway in California. One of the speakers to kick off the event was FCC Chairman Ajit Pai, who joins The Final round to discuss all things tech.

  • Facebook now under scrutiny from 47 attorneys general in antitrust investigation
    Yahoo Finance Video

    Facebook now under scrutiny from 47 attorneys general in antitrust investigation

    47 attorneys general now involved in the Facebook antitrust investigation. Yahoo Finance's Julie Hyman, Adam Shapiro and Jessica Smith discuss.

  • Facebook announces efforts to safeguard 2020 election, fight fake news
    Yahoo Finance Video

    Facebook announces efforts to safeguard 2020 election, fight fake news

    Facebook CEO Mark Zuckerberg has announced a series of steps the social network is taking ahead of the 2020 U.S. presidential election to prevent interference from both foreign and domestic groups. Yahoo Finance's Jen Rogers, Andy Serwer and Brian Cheung weigh in on the new policies and whether or not Facebook is doing enough to stop misinformation campaigns.

  • Snap 3Q earnings, users top expectations
    Yahoo Finance

    Snap 3Q earnings, users top expectations

    Snap reported quarterly results that topped consensus expectations and added more daily active users than expected.

  • Bloomberg

    Facebook CEO Says Libra Won’t Launch Until U.S. Approves

    (Bloomberg) -- Mark Zuckerberg plans to defend Facebook Inc.’s Libra project before a congressional panel on Wednesday, saying the cryptocurrency won’t be launched without approval from the U.S. government.In prepared remarks ahead of a hearing in the House Financial Services Committee, he argued the company is seeking to offer an affordable solution to existing methods of sending money abroad.“People pay far too high a cost -- and have to wait far too long -- to send money home to their families,” wrote Zuckerberg, chief executive officer of the world’s largest social network. “The current system is failing them.”The hearing is focused on Facebook’s impact on the financial services and housing sectors, so Libra will be a major focus. But questions are likely to range into other topics that have caused controversy for the company, including user privacy, election ads and its targeted-advertising business.https://t.co/eFyzoBjPI2Plus, more background here: https://t.co/iqN6nTElDQ pic.twitter.com/QizHr0og9F— Bloomberg Crypto (@crypto) October 22, 2019 Libra has faced intense criticism from politicians and lawmakers. When David Marcus, the executive in charge of the project, testified before the same committee in July, one of the main concerns was Facebook’s deep involvement. Other questions raised by regulators have included Libra’s potential to become a currency that governments have less control over -- possibly enabling criminal activity -- and whether Facebook should be trusted with the data generated by transactions on the platform. That perception problem has not been lost on Zuckerberg.“This is something that needs to get built, but I understand we’re not the ideal messenger right now,” he wrote in his testimony. “We’ve faced a lot of issues over the past few years, and I’m sure people wish it was anyone but Facebook putting this idea forward.”If Facebook is prevented from building a new global cryptocurrency, tech companies in other countries like China might step in to take advantage of the opportunity, the CEO warned.“While we debate these issues, the rest of the world isn’t waiting,” he wrote. “If America doesn’t innovate, our financial leadership is not guaranteed.”The Libra Association, the new currency’s governing body, was officially created last week, which means Facebook is now just one of 21 members, each with the same voting control over important decisions. That means Zuckerberg won’t technically be able to make commitments about the currency or its rollout.“We don’t expect to be leading those efforts going forward,” Zuckerberg said in his written testimony, released Tuesday. “The Libra Association has been created, has a governance structure in place, and will be driving the project from now on.”Still, he stressed that Facebook will not be part of launching the Libra payments system anywhere in the world until U.S. regulators approve. “Last time I testified before Congress I talked about taking a broader view of our responsibility. That includes making sure our services are used for good and preventing harm,” he wrote.Members of the committee will have high expectations for the CEO, whose company is still very much the face of the project. One thing he will be able to discuss is how Facebook plans to integrate the new currency into existing products, like its WhatsApp and Messenger mobile apps. Facebook’s main social network has more than 2 billion users, and altogether it owns four separate digital platforms that have at least a billion users each.“You’ve got a huge wealth of data that they’ve harvested from their users’ activities,” Representative Warren Davidson, a Republican from Ohio who is on the committee, said. “Do you now mingle that same database with financial transactions?”Even as it has come under fire since unveiling the project in June, Facebook has sought to keep the focus on the primary goal for Libra -- to fill a real need in the space of international money transfers.People are sending money to low- and middle-income countries more than ever, but the cost of doing so has remained high. According to an April report from the World Bank, annual remittance flows to these countries reached $529 billion in 2018, an increase of almost 10% over the previous record high of $483 billion in 2017. During that time, the cost of sending $200 abroad was still high, at 7%, the report said. Using a bank is often the most expensive way to send money, with an average fee of 11% in the first quarter of 2019, the World Bank said.(Updates fifth paragraph with details about lawmakers’ concerns)\--With assistance from Sarah Frier.To contact the reporters on this story: Julie Verhage in New York at jverhage2@bloomberg.net;Kurt Wagner in San Francisco at kwagner71@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Facebook Slides as More States Join New York Antitrust Probe

    Facebook Slides as More States Join New York Antitrust Probe

    (Bloomberg) -- Facebook Inc. shares fell the most in two months after a state antitrust investigation into the social-media company widened, with dozens more states joining the probe led by New York.Facebook dropped after the New York Attorney General Letitia James announced Tuesday that 45 states -- plus Guam and the District of Columbia -- are investigating whether the company harmed competition. Shares fell 3.3% to $183.44 at 3:13 p.m. in New York, the most since Aug. 14.“Big Tech must account for its actions,” Louisiana Attorney General Jeff Landry, whose state joined the probe, said in a statement. “I am proud to join my Republican and Democrat colleagues in efforts to ensure tech giants can no longer hide behind complexity and complicity.”The expansion of the investigation deepens the antitrust scrutiny into Facebook at the state and federal levels. In addition to the attorneys general, the Federal Trade Commission, the Justice Department and the House Judiciary Committee are conducting their own investigations.Separately on Tuesday, the Justice Department’s antitrust chief, Makan Delrahim, who is probing large internet platforms as part of a broad review of competition in digital markets, said at a Wall Street Journal tech conference in California that a breakup of a tech company is “perfectly on the table” if justified by the evidence uncovered in the probe.James, a Democrat, has said the state antitrust probe aims to find out whether Facebook’s actions endangered user data, reduced the quality of consumers’ choices or increased the price of advertising, its main source of revenue. State attorneys general led by Texas are separately investigating Alphabet Inc.’s Google for possible antitrust violations.A Facebook spokesman said the company intends to cooperate with the state attorneys general.“People have multiple choices for every one of the services we provide,” the company said. “We understand that if we stop innovating, people can easily leave our platform. This underscores the competition we face, not only in the U.S. but around the globe.”On Monday, James hosted a meeting of policy experts to discuss the strengths and weaknesses of various antitrust legal theories involving Facebook, according to a person familiar with the gathering. They also reviewed Facebook’s acquisitions of Instagram and WhatsApp, as well as privacy issues and the company’s power in the digital-advertising market, the person said. The Wall Street Journal first reported the meeting.James and a bipartisan group of state attorneys general met earlier this month with key officials at the Justice Department and the FTC to discuss the investigation. The meetings raised the prospect that the states could join the federal probes, similar to the way states collaborated with the epic U.S. antitrust case against Microsoft Corp. that started in the 1990s.(Updates with share price in second paragraph.)To contact the reporters on this story: Erik Larson in New York at elarson4@bloomberg.net;David McLaughlin in Washington at dmclaughlin9@bloomberg.netTo contact the editors responsible for this story: David Glovin at dglovin@bloomberg.net, Steve StrothFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Why Facebook Is Banned in China & How to Access It

    Why Facebook Is Banned in China & How to Access It

    Tight controls imposed by China have resulted in the ban of several foreign social media sites, like Facebook, but how did this come about?

  • Squarespace scoops up Instagram companion app
    American City Business Journals

    Squarespace scoops up Instagram companion app

    Terms of the deal have not been disclosed, but last year Unfold's founders said the app was valued at $10 million.

  • Barrons.com

    Zuckerberg Seems to Be Trying to Distance Facebook From Libra Project

    Facebook CEO plans to tell House committee that the company will not go forward with a digital currency until U.S. regulators sign off.

  • Bloomberg

    Facebook Commits $1 Billion to Ease Bay Area Housing Crisis

    (Bloomberg) -- Facebook Inc. is following other tech titans like Microsoft Corp. and Google, pledging to use its deep pockets to ease the affordable housing shortage in West Coast cities.The social media giant said Tuesday that it would commit $1 billion over the next decade to address the crisis in the San Francisco Bay Area, building as many as 20,000 new homes that are accessible to teachers, nurses, first responders and other essential workers. A quarter of the funds are earmarked for a partnership with California to construct housing on state-owned land in areas where there aren’t enough residences.“State government cannot solve housing affordability alone, we need others to join Facebook in stepping up,” California Governor Gavin Newsom said in the statement. “Progress requires partnership with the private sector and philanthropy to change the status quo and address the cost crisis our state is facing.”Newsom, who campaigned last year with the promise of building 3.5 million homes in the state to ease the shortage, has been under pressure to deliver. This month, he signed legislation that’s intended to curb rent growth. But he’s made clear that the state won’t be able to solve its problem without building many more new homes. Recent data suggests that permits for new construction have fallen this year, calling into question whether the state will be able to make progress on his goal.While researchers have said there are other barriers to construction in California, the success of Facebook and other technology companies has contributed to soaring housing costs in the San Francisco Bay Area and greater Seattle, where Microsoft is based. The firms employ tens of thousands of high earners who have bought or rented homes, leaving fewer options for poor and middle-income residents. San Mateo County, which includes Facebook’s headquarters in Menlo Park, added more than 13 jobs for every new unit of housing between 2010 and 2015, according to an analysis by Up for Growth, a group that advocates for more construction.That imbalance has contributed to a growing backlash against tech firms at the same time they’re facing tough questions about their market power, their role in spreading disinformation and their approach to user privacy. Facebook Chief Executive Mark Zuckerberg is set to appear for a public hearing before the House Financial Services Committee on Wednesday in Washington. That committee, run by Rep. Maxine Waters, a Democrat from California, oversees housing and urban development issues.“A company like Facebook wants to build all the good will that it can, and this is certainly one way to do it,” said Margaret O’Mara, a University of Washington history professor and author of “The Code: Silicon Valley and the Remaking of America.” “I’m glad that big tech companies are stepping up to address the problem, but it’s going to require much more than this.”Facebook said that $150 million of its pledge would go toward an affordable housing fund set up by the Partnership for the Bay’s Future, an organization backed by Zuckerberg and his wife Priscilla Chan. Another $25 million will go toward a teacher-housing initiative that was announced earlier this month and $350 million will serve as “additional commitments” that will be allotted to efforts that are deemed effective. The final $225 million is related to land that the company previously purchased and has zoned for housing.That’s similar to what Google is pursuing with the lion’s share of its own $1 billion pledge to build housing in the Bay Area, which was announced in June. Microsoft led the pack with a $500 million commitment to Seattle-area housing in January.(Updates with Zuckerberg testimony in the seventh paragraph; professor’s comment in the eighth.)\--With assistance from Kurt Wagner.To contact the reporter on this story: Noah Buhayar in Seattle at nbuhayar@bloomberg.netTo contact the editors responsible for this story: Craig Giammona at cgiammona@bloomberg.net, Christine MaurusFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Zuckerberg to tell Congress Facebook is 'not the ideal messenger' for Libra currency

    Zuckerberg to tell Congress Facebook is 'not the ideal messenger' for Libra currency

    Facebook Chief Executive Mark Zuckerberg plans to acknowledge before Congress that Facebook is not the "ideal messenger" for its Libra cryptocurrency project, given ongoing criticism of the company. In prepared testimony made available on Tuesday, Zuckerberg plans to tell lawmakers he supports delaying Libra's launch, currently set for mid-2020, until U.S. regulatory concerns are fully addressed.

  • Zuckerberg says Facebook is not the 'ideal messenger' for Libra
    Yahoo Finance

    Zuckerberg says Facebook is not the 'ideal messenger' for Libra

    Facebook CEO Mark Zuckerberg plans to tell lawmakers that he understands Facebook is not the “ideal messenger” for its cryptocurrency project and he supports delaying Libra’s launch until regulatory concerns are addressed.

  • Americans are spending almost half a billion dollars on Halloween costumes for their pets

    Americans are spending almost half a billion dollars on Halloween costumes for their pets

    Halloween — or should we say Howl-o-ween — is going to the dogs. Americans will spend $490 million on costumes for their pets this Halloween, according to the National Retail Federation, which is more than double what they dropped to dress their dogs, cats and other critters in 2010. Sara Ochoa is one of the 29 million people getting her furbaby into costume for the occasion.

  • Barrons.com

    Big Tech Antitrust Is Where Republicans and Democrats Can Agree, DOJ Official Says

    Makan Delrahim, the assistant attorney general, says effective antitrust regulation now can help prevent the need for “heavy handed government regulation of any sector down the road.”

  • MarketWatch

    Zuckerberg to tell Congress Facebook will delay Libra launch until U.S. regulators approve it

    Facebook Chief Executive Mark Zuckerberg plans to tell lawmakers that the company won't be a part of launching its Libra digital currency anywhere in the world until U.S. regulators approve it. Zuckerberg is scheduled to appear Wednesday before the House Financial Services Committee, and also says in prepared testimony that U.S. financial leadership is at risk if companies aren't allowed to innovate. "The rest of the world isn't waiting. China is moving quickly to launch similar ideas in the coming months. Libra will be backed mostly by dollars and I believe it will extend America's financial leadership as well as our democratic values and oversight around the world," he will say.

  • Facebook says it's increasing transparency after backlash over political ads
    CBS News Videos

    Facebook says it's increasing transparency after backlash over political ads

    Facebook CEO Mark Zuckerberg says the company is increasing transparency about ads after Facebook received backlash for allowing political ads with false claims. CNET senior producer Dan Patterson joins CBSN with more on what Facebook is doing ahead of the 2020 election.