|Bid||0.00 x 45000|
|Ask||0.00 x 46000|
|Day's Range||141.60 - 143.45|
|52 Week Range||105.65 - 153.20|
|PE Ratio (TTM)||87.74|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The tech giant is working on new tools to help news organizations sell their wares, a move that could help ease its strained relationship with publishers.
The social media giant is working on video and e-commerce features that give users new reasons to load its app, and which also give it more ad space to sell.
RBC Capital Markets’s Mark Mahaney Friday held a conference call with author Jonathan Taplin, who runs the Annenberg Innovation Lab the University of Southern California, on the topic of Taplin’s new book, "Move Fast and Break Things: How Facebook, Google and Amazon Cornered Culture and Undermined Democracy." In the book, Taplin describes the rise of Alphabet (GOOGL), Facebook (FB), and Amazon (AMZN) have eviscerated many aspects of culture, but helping to crush newspaper and music revenues, along with book publishing, television, and and film profits. Taplin, writes Mahaney, says regulators will increasingly take a hard look at the trio of companies and their power in society.