FB Jan 2021 305.000 put

OPR - OPR Delayed Price. Currency in USD
0.00 (0.00%)
As of 3:10PM EDT. Market open.
Stock chart is not supported by your current browser
Previous Close109.96
Expire Date2021-01-15
Day's Range109.09 - 110.03
Contract RangeN/A
Open InterestN/A
  • Influencers, storytelling and how brands build an identity that sticks
    Yahoo Finance Video

    Influencers, storytelling and how brands build an identity that sticks

    Celebrity influencers can get upwards of $100k for a single post promoting a brand, but, more and more, consumers see past these endorsements. Kindra Hall, brand consultant, president of Steller Collective, and author of the new book: "Stories that Stick," joins Yahoo Finance to discuss how storytelling can help brands stand out among the changing influencer-driven landscape.

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

    Facebook announces efforts to safeguard 2020 election, fight fake news

    Facebook is taking new efforts to fight fake news ahead of the 2020 elections.

  • Facebook Is Faring Badly in High-Stakes Privacy Lawsuit
    Market Realist

    Facebook Is Faring Badly in High-Stakes Privacy Lawsuit

    Facebook’s efforts to quash a potentially costly lawsuit continue to suffer setbacks. A US appeals court last week denied its request for a special hearing.

  • Russian accounts target U.S. voters on Instagram ahead of 2020 election: Facebook

    Russian accounts target U.S. voters on Instagram ahead of 2020 election: Facebook

    LONDON/WASHINGTON (Reuters) - A network of Instagram accounts operated from Russia has targeted Americans with divisive political messages ahead of next year's U.S. presidential election, with operators posing as people within the United States, Facebook said on Monday. Facebook said it had suspended the accounts Monday, as well as three separate networks operated from Iran. The Russian network "showed some links" to Russia's Internet Research Agency (IRA), Facebook said, an organization Washington has said was used by Moscow to meddle in the 2016 U.S. election.

  • Twitter (TWTR) to Report Q3 Earnings: What's in the Cards?

    Twitter (TWTR) to Report Q3 Earnings: What's in the Cards?

    Twitter's (TWTR) third-quarter 2019 results are expected to have benefited from initiatives, including security measures to boost user engagement, despite intensifying competition for ad dollars.

  • Netflix is now a ‘don’t touch’ stock for investors

    Netflix is now a ‘don’t touch’ stock for investors

    FAANG stocks are popular. • Over a long stretch, Netflix’s stock significantly outperformed the Dow Jones Industrial Average (DJIA) S&P 500 Index (SPX) and the Nasdaq-100. • Netflix had been the darling of FAANG stocks.

  • How to Tax Tech Monopolies

    How to Tax Tech Monopolies

    (Bloomberg Opinion) -- The question of how to distribute the fruits of the economy’s production is central to economics. Many take a utilitarian approach: Let the private sector produce what it wants, and then tax the wealthy to help the poor. Utilitarians don’t spend much time worrying about who deserves what; the goal is simply to maximize human happiness. Marxists tend to take a more class-based view, believing that the fruits of production ought to belong to workers.Then there’s Henry George. George was a 19th-century American economist who believed that land was the source of human inequality. As the population and the economy grow, he reasoned, land remains scarce, so rents go up. Landowners don’t actually produce anything that benefits the economy, but they capture much of the value created by workers and businesses that do use the land. Thus, land ownership is a vast engine of human poverty and concentration of undeserved wealth.Modern history seems to bear out George’s assessment. In the 140 years since George wrote his magnum opus “Progress and Poverty,” land has been a remarkably good financial investment across a range of developed countries:And much of the increasing wealth inequality documented by economist Thomas Piketty is due not to corporate profits, but to the increasing value of land.George believed that it was government’s job to redistribute these unearned profits on land ownership to the public at large. His preferred policy for doing this was a land-value tax, which is like a property tax with an exemption for the value of useful structures or other improvements that are built on top of the land. A century later, economists began to realize that land-value taxes are a very efficient way of funding local government services like education.The land-value tax is a simple, elegant policy on paper, but it tends to be tricky to implement. Some economists trained in the Georgist tradition have focused on more direct means of redistributing wealth earned from land. For example, Wolf Ladejinsky, who served as an adviser to the governments of Japan and Taiwan in the postwar years, engineered sweeping programs of agrarian land reform. Some credit these programs with jump-starting East Asian economic development, as well as creating a sense of fairness that diminished the appetite for communist revolutions.In the modern day, neo-Georgist ideas tend to focus on urban land rather than farmland. As the knowledge economy becomes more important, high-earning workers are crowding into cities, sending rents soaring. Housing co-ops, public housing and programs to help lower-earning people buy houses are all ways to redistribute urban land.But it’s unlikely that land reform and taxation, by itself, will be enough to make Americans feel like they’re living in a fair society. As spectacular profits accrue to the owners of a few dominant companies, it’s worth asking whether those companies have some advantages that, like land, allow them to make profits out of proportion to the value they create. Patents and ownership of online platforms might be two such assets.Economists call unearned profits “rent,” drawing an explicit analogy with the income earned by a landlord. One source of rent is monopoly power: When a company doesn’t have to face the pressures of competition, it can jack up prices beyond the efficient level in order to earn extra profits. Industrial concentration has been rising in the U.S. as a few so-called superstar companies gobble up market share. And as concentration goes up, profits have taken a larger share of economic output:Beefing up the antitrust system is a very good idea, but it won’t be sufficient to halt the rise of monopoly rents. Stronger unions and other pro-labor institutions can complement legal remedies.But the age of knowledge industries brings new challenges that older policies are ill-equipped to address. In the digital age, a lot more companies have strong network effects, meaning that the more people use a product, the more valuable it is. Facebook is the classic example: People are on the site not because it has the best features, but because all of their friends are on it.Network effects are a little like land, only in digital form. Because Facebook successfully occupied the social network space — kind of like claiming empty land — it’s difficult for later competitors to grow. It’s not impossible. More recent platforms such as Snap and Pinterest have carved out networks of their own, and eventually some newcomer may dethrone Facebook the way it dethroned MySpace. But the strength of network effects for first movers leads to market concentration and a few dominant companies.The patent system is another source of rent extraction: The government allows companies a temporary monopoly in order to encourage innovation. But since new technologies tend to build off of older ones, patents can allow first movers to block out the possible competition and hog profits for a long time.Modern-day Georgists should think about how to redistribute this digital land. Early ideas involve regulating online platforms to allow more competition, reforming the patent system and a progressive corporate tax that only kicks in when companies have very high margins.Businesses, entrepreneurs and inventors certainly put in plenty of effort and take plenty of risks to create new platforms and patentable innovations. But the rewards may be out of proportion to the value created. Finding new ways to redistribute the rents from digital land may help to avert damaging class warfare.To contact the author of this story: Noah Smith at nsmith150@bloomberg.netTo contact the editor responsible for this story: James Greiff at jgreiff@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Noah Smith is a Bloomberg Opinion columnist. He was an assistant professor of finance at Stony Brook University, and he blogs at Noahpinion.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • The Zacks Analyst Blog Highlights: Twitter, Facebook, Netflix, Amazon and Snapchat

    The Zacks Analyst Blog Highlights: Twitter, Facebook, Netflix, Amazon and Snapchat

    The Zacks Analyst Blog Highlights: Twitter, Facebook, Netflix, Amazon and Snapchat

  • The Zacks Analyst Blog Highlights: Facebook, UnitedHealth, HSBC, PetroChina and Netflix

    The Zacks Analyst Blog Highlights: Facebook, UnitedHealth, HSBC, PetroChina and Netflix

    The Zacks Analyst Blog Highlights: Facebook, UnitedHealth, HSBC, PetroChina and Netflix

  • Buttigieg ranks 3rd in Iowa poll as Zuckerberg reportedly advised mayor’s presidential campaign

    Buttigieg ranks 3rd in Iowa poll as Zuckerberg reportedly advised mayor’s presidential campaign

    A new poll focused on the first-in-the-nation Iowa caucuses suggests that Democratic presidential hopeful Pete Buttigieg is gaining momentum. Meanwhile,

  • Financial Times

    FirstFT: Today’s top stories 

    The so-called Turla group, which has been linked with Russian intelligence, allegedly hijacked the tools of Oilrig, a group widely linked to the Iranian government, according to a two-year probe by the UK’s National Cyber Security Centre in collaboration with the US National Security Agency. Victims include military establishments, government departments, scientific organisations and universities across the world, mainly in the Middle East. The Iranian group was probably unaware that its hacking methods were hacked and deployed by another cyber espionage team, security officials involved in the investigation said.

  • Financial Times

    We’ve been Zucked!

    It’s hard to know who is more narcissistic and oblivious to reality — Zuck, or our president. The idea that a man who has become a billionaire by the industrial-scale monetisation of personal data is invoking Frederick Douglass, Martin Luther King, the Vietnam war and the first amendment of the US constitution in his continuing efforts to avoid appropriate regulation is just beyond. If anyone wonders about the cognitive dangers of being in the Silicon Valley money and power bubble, this is a case in point of how it can truly addle your brain.

  • Facebook open to currency-pegged stablecoins for Libra project

    Facebook open to currency-pegged stablecoins for Libra project

    Facebook Inc , facing growing skepticism about its digital currency project Libra, on Sunday said the initiative could use cryptocurrencies based on national currencies such as the dollar, instead of the synthetic one it initially proposed. David Marcus, who heads the Libra project for Facebook, told a banking seminar the group's main goal remained to create a more efficient payments system, but it was open to looking at alternative approaches for the currency token it would use. "We could definitely approach this with having a multitude of stablecoins that represent national currencies in a tokenized digital form," he said.

  • Google Search Shows Suspect Sites for Drug, Baby Teether: Study

    Google Search Shows Suspect Sites for Drug, Baby Teether: Study

    (Bloomberg) -- Google searches for a popular antibiotic and a baby teething product send some users to suspect websites, according to a report released on Monday by a firm that tracks trademark and copyright infringement online.Earlier this year, six of the 10 results on the first page for the Google search “buy Bactrim online” showed links to websites that were “operating unlawfully and misusing” the Bactrim trademark, Incopro Ltd. said in the study.Another Google search for “wholesale Comotomo teether” produced nine organic results that directed users to an online marketplace or e-commerce website. Three of those sites listed “potentially harmful products that misuse the Comotomo trademark,” Incopro also reported.The results are based on searches Incopro ran using its software and data from web marketing firm SimilarWeb Ltd. Incopro wrote to Alphabet Inc.’s Google about its findings and the company said it got a written response from the internet giant, which it quoted in the study.“Google aggregates information published on the web returning users different web pages that relate to their search requests, but we don’t make any claims about the content of these pages,” Google wrote in its response, according to Incopro.Google has had a mixed record in dealing with contentious websites, Incopro said. The internet giant will remove website addresses from its search index for infringing copyright. But it won’t act when it is told that its search engine is pointing to sites selling counterfeits and infringing trademark rights, Incopro said. The firm noted that that other large internet companies including Facebook Inc., EBay Inc. and Amazon.com Inc. will take action in these cases.“Google takes the view that it is not (and cannot be) a ‘publisher’ when it is told that it is returning results for counterfeit web pages and so it does nothing,” Incopro wrote in its report. “If Google did remove these websites from their index these sites would be starved of oxygen and would fail.”The study suggests that Google search results for antibiotics are still showing suspect websites almost as much as they were three years ago, when another report from the Alliance for Safe Online Pharmacies showed 65% of search results for prescription drug terms led U.S. consumers to sites selling unapproved and dangerous medication.Search engines like Google should do more to protect consumers from unsafe results, Incopro said. “The FDA and other government bodies have limited resources and cannot be expected to solve every problem,” the report said. “Brand owners should be able to request that search engines de-index these sites themselves.”To contact the reporter on this story: Gerrit De Vynck in New York at gdevynck@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Alistair Barr, Anne VanderMeyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Financial Times

    The end of Libra?

    FT subscribers can click here to receive #techFT every day by email. “It was a neat idea that’ll never happen, and I have nothing else to say about it.” So  said  JPMorgan Chase chief executive Jamie Dimon ...

  • Financial Times

    Life after Libra: how regulators could fuel rise of digital currency

    What does Facebook have in common with a failed German bank? Mark Zuckerberg’s empire, valued at more than $500bn and with 2.7bn monthly users, is a world away from Bankhaus Herstatt, a small Cologne-based lender that collapsed in a sea of foreign exchange losses in 1974. The reason that the bank founded by Ivan Herstatt in the mid-1950s failed 20 years later was simple: it had made a bad bet on the direction of the dollar and by June 26 1974 was so indebted that it was closed by regulators: customers who had given it Deutschmarks during the German trading day never got the dollars they were due at the end of it.

  • Financial Times

    Facebook is the world’s most powerful adolescent

    Facebook has become a political target — and so it has had to enter the political arena, trying to mollify legislators who fear its power. At 35 years old, Mr Zuckerberg has proved himself to be a brilliant engineer and businessman. Perhaps the biggest threat to Facebook would be if governments decided to treat it as a publisher rather than a platform — making it legally liable for every lie or libel published by the company.

  • Financial Times

    Facebook’s Libra currency is wake-up call for central banks

    When he announced Libra in June, Mark Zuckerberg let slip to policymakers that they are already behind in a race they did not even know they were running. Two years ago Stefan Ingves, governor of Sweden’s central bank, started looking into an e-krona to be created and run by the Riksbank. At the time his colleagues in other countries were bemused, but over the summer, said Mr Ingves, “we ended up in a lot of conversations about Libra, because Libra showed up, at least from a central bank perspective, kind of out of the blue”.

  • Ex-NBA star Metta World Peace has an app to find open basketball courts

    Ex-NBA star Metta World Peace has an app to find open basketball courts

    An all-star team of former NBA players and tech entrepreneurs have developed an app that is the equivalent of Airbnb for pick-up basketball games.

  • Facebook Open to Currency-Pegged Stablecoins for Libra: Reuters

    Facebook Open to Currency-Pegged Stablecoins for Libra: Reuters

    (Bloomberg) -- The head of Facebook Inc.’s Libra project said that it could use cryptocurrencies based on national currencies like the dollar, rather than the synthetic one it initially proposed, Reuters reported.David Marcus, who oversees the Libra initiative for Facebook, told a banking seminar hosted by the Group of 30 in Washington that Facebook is open to looking at alternative approaches for the currency token it uses.“We could do it differently,” he said. “Instead of having a synthetic unit...we could have a series of stablecoins: a dollar stablecoin, a euro stablecoin, a sterling pound stablecoin, etc.”Marcus said the currency-pegged stablecoins aren’t Libra’s preferred option. He said the project is still aiming for a June 2020 launch.“We’ve always said that we wouldn’t go forward unless we have addressed all legitimate concerns and get proper regulatory approval,” Marcus told Reuters. “So it’s not entirely up to us.”Facebook has faced growing skepticism about its digital currency project. Last week Jamie Dimon, chief executive officer of JP Morgan Chase & Co., called it “a neat idea that’ll never happen.”More: Libra Is ‘Neat Idea That’ll Never Happen,’ Dimon SaysTo contact the reporter on this story: Hailey Waller in New York at hwaller@bloomberg.netTo contact the editors responsible for this story: James Ludden at jludden@bloomberg.net, Matthew G. Miller, Ros KrasnyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Netflix scores big with 'Breaking Bad' but streaming wars loom large
    Yahoo Finance

    Netflix scores big with 'Breaking Bad' but streaming wars loom large

    Netflix is betting heavily on original content slate, but the streaming wars loom large.

  • 3 Monster Growth Stocks That Will Keep Soaring in 2020

    3 Monster Growth Stocks That Will Keep Soaring in 2020

    Which stocks are ready to take off in 2020? This is the question growth investors constantly have on their minds. However, finding these stocks that are primed for explosive growth is no simple task.That’s where TipRanks comes in. Using the platform’s Stock Screener tool, I got access to market data that let me zero in on 3 stocks with strong long-term growth narratives.I’m putting these names at the top of my buy list based on their upside potential from the current share price. We’re talking 20% or more here. Not to mention each boasts a “Strong Buy” consensus rating, which is generated from all ratings assigned by Wall Street analysts over the last three months. Here are the 3 monster growth stocks poised to soar in 2020: L3Harris Technologies (LHX)L3Harris is a technology, defense and information services provider that designs C6ISR systems and products, wireless equipment and tactical radios. The company, which is a product of the Harris Corporation and L3 Technologies merger this past June, looks poised to deliver gains in 2020 on top of the 47% year-to-date growth it has already achieved.LHX has the advantage over other defense companies in that the merger has led to several synergies. For example, the combination of antennas from L3 and combined processing from Harris for avionics applications and the integration of Harris’ payloads on L3’s airborne platforms is expected to lead to an increase in revenue generation.4-star Morgan Stanley analyst Rajeev Lalwani also sees possible wins from the company's tactical radios that include Manpack, its electronics for F-35 and its electronic warfare for F-16 and F-18. All of this lends the analyst to his conclusion that LHX has “positioned itself as one of the better margin narratives in the industry”.Lalwani rates LHX stock a "buy" along with $259 price target. If everything goes as planned, LHX will soar about 30% over the next 12 months. (To watch Lalwani's track record, click here)“Given above-average potential around sales growth, margin expansion, FCF generation, and capital returns, alongside a leadership team that has previously executed, we see no reason why the legacy HRS premium valuation should not be retained has previously executed, we see no reason why the legacy HRS premium valuation should not be retained,” Lalwani added.The rest of the Street takes a similar approach when it comes to LHX. The defense stock sports a ‘Strong Buy’ analyst consensus and $238 average price target, indicating 20% upside potential. (See L3Harris stock analysis on TipRanks) Facebook (FB)Facebook has been a tear this year — with shares soaring 42% — and analysts say the gains may not be done yet.Ahead of its upcoming Q3 earnings release, the Street is standing firmly in Facebook’s corner with both Barclays and Deutsche Bank recently publishing bullish calls.Based on each firm’s channel checks, demand for Facebook ads remains healthy. According to Deutsche Bank’s Lloyd Walmsley, data indicates that there wasn’t any ad spend deceleration from the second quarter and that same client spending improved for FB.Adding to the good news, Walmsley sees gains in store thanks to Instagram Checkout as well as the company’s focus on monetizing Instagram influencers. Instagram Checkout lets users easily buy products they discover on the social media platform. Its growing number of partners and the addition of new features like alerts is expected to contribute to impressive top-line results in 2020.Walmsley rates FB stock a Buy along with $230 price target, which implies about 23% upside from current levels. (To watch Walmsley's track record, click here)Similarly, Barclays’ Ross Sandler likes what he’s seeing. “We get the sense that Facebook is starting to come out of the privacy and regulatory fog it has been in the past two years, and get back to a stronger innovation cycle. Management likely paints a scenario of steady deceleration and heavy investment for 2020, but we think Facebook may be the only mega-cap to see margin expansion and rapidly accelerating EPS growth next year,” the analyst explained.As a result, the 5 star analyst reiterated his Buy rating and $240 price target. He is confident in FB’s ability to surge 29% over the next twelve months. (To watch Sandler’s track record, click here)Overall, Wall Street is clearly bullish on FB. With 7 Buy ratings received from top analysts in just the last 25 days, it’s no wonder the stock has a ‘Strong Buy’ analyst consensus. In general, analysts see 28% upside potential for FB based on its $237 average price target. (See Facebook stock analysis on TipRanks) Atlassian (TEAM)Despite some recent shakiness, Atlassian stock is up over 30% year-to-date, and several Wall Street analysts believe it remains one of the strongest names in the software space.According to 5-star SunTrust analyst Joel Fishbein, the force behind popular software products like JIRA and Service Desk presents investors with an exciting growth opportunity thanks to upcoming catalysts. Specifically, TEAM’s partnership with Okta (OKTA) could drive significant growth. The collaboration will see Okta's authentication technology integrated into Atlassian's cloud products, allowing IT admins to automate provisioning. The analyst notes that this partnership as well as the enhancement of its cloud products through its Code Barrel acquisition could result in annual contract value (ACV) expansion.Fishbein believes that these positive catalysts and its solid past performance make it a stand-out. On October 17, TEAM reported that during its fiscal first quarter, it saw revenue gain 36% year-over-year and added more than 7,000 new net customers.“Atlassian’s low touch sales and marketing, viral product adoption, focus on R&D and product innovation, and highly profitable model sets them apart in a crowded field,” the top analyst commented. This prompted him to rate the stock a Buy along with $162 price target, which implies about 40% upside potential. (To watch Fishbein’s track record, click here)The rest of the Street echoes the analyst’s sentiment. 8 Buy ratings and 2 Holds received in the last three months add up to a ‘Strong Buy’ analyst consensus. Additionally, its $153 average price target puts the upside potential at 31%. (See Atlassian stock analysis on TipRanks)

  • Warren takes swipe at Mark Zuckerberg over political ads
    Reuters Videos

    Warren takes swipe at Mark Zuckerberg over political ads

    (SOUNDBITE) (English) DEMOCRATIC PRESIDENTIAL CANDIDATE ELIZABETH WARREN SAYING: "To make real change in Washington, we have got to beat back the corruption in Washington. We have got to beat back the influence of money." Democratic presidential candidate Elizabeth Warren campaigning in the key swing state of Iowa on Sunday took a swipe at Facebook CEO Mark Zuckerberg, after Facebook ran a political ad which falsely accused former Vice President Joe Biden of blackmailing Ukrainian officials to stop an investigation of his son. (SOUNDBITE) (English) DEMOCRATIC PRESIDENTIAL CANDIDATE ELIZABETH WARREN SAYING: "And when Mark Zuckerberg doesn't like it, too bad for Mark Zuckerberg." Last week, the Biden campaign sent a letter to Facebook arguing the ad should be taken down. While the Trump campaign has been pushing out ads with similar false accusations in recent weeks... the video in question was released by an independent political action committee, or super PAC...called 'the Committee to Defend the President.' Biden's campaign pointed out that although Facebook has a policy of allowing all political leaders a platform, the ad by the super PAC was not from a politician but an organization...and so it should have been rejected. Zuckerberg last week defended the social media company's stance on free speech, whether true or false. (SOUNDBITE) (English) FACEBOOK CEO, MARK ZUCKERBERG, SAYING: "I don't think it's right for a private company to censor politicians or the news in a democracy." The Facebook controversy flared up after a leaked audio recording was published by The Verge where Zuckerberg was critical of Warren's views on tech. (SOUNDBITE) (English) FACEBOOK CEO, MARK ZUCKERBERG, SAYING: "If she (Warren) gets elected president, then I would bet that we will have a legal challenge and I would bet that we will win the legal challenge. And does that still suck for us? Yeah. I mean, I don't want to have a major lawsuit against our own government." In March, Warren called for breaking up Amazon, Facebook and Alphabet,