|Bid||0.00 x 45000|
|Ask||0.00 x 46000|
|Day's Range||131.53 - 137.17|
|52 Week Range||119.55 - 158.40|
|PE Ratio (TTM)||80.91|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Trying times in Menlo Park, it seems: Amid assaults from all quarters largely
Technology stocks have driven gains on Wall Street the past few years, but volatility in the first quarter could be a sign of serious doubts forming about the future of some of tech’s biggest names. Investors have already seen examples of the typical earnings response to these types of companies early in this earnings season: Netflix Inc. (NFLX) , the first big tech company to report, delivered a stunning quarter, revenue jumping 40.4%, and streaming only revenue jumping even more, up 43%, with a huge jump in subscriber growth, including its international customers. Doubts have been swirling around Facebook Inc. (FB) and Alphabet Inc. (GOOGL) , (GOOG) , which face data-privacy and other concerns, and Apple Inc. (AAPL) , which could report disappointing iPhone sales.
This week, the social network attempted to explain its privacy policiesSome Facebook users are deleting their accounts in response to the controversy. “It’s the same with a free search engine, website or newspaper,” Facebook wrote. The company’s claim that users are not the product is disingenuous, said Bill Ottman, social media security expert and CEO of Minds.com.
Amid the ongoing fallout from the Cambridge Analytica scandal involving improperly handled Facebook Inc. member data, Chief Executive Mark Zuckerberg has said on several occasions that the company hasn’t seen a business impact. When Facebook reports first-quarter earnings Wednesday, Zuckerberg will have to prove it for the first time. News of the Cambridge Analytica data usage broke in mid-March, which means any impact would be limited to about 20% of the reporting period — a significant amount of time but, as Zuckerberg has said, likely not enough to dramatically affect the financial results.
Facebook is making Kevin Martin, a former chair of the Federal Communications Commission (FCC), its interim head of U.S. policy.
Facebook Inc. is on tap to report first-quarter results after the close of trading on Wednesday, and Wall Street will scour the numbers for any signs of user losses or a drop-off in advertiser spending. The company’s shares have tumbled 10 percent this year, with much of the decline related to revelations in March that Facebook failed to safeguard the data of millions of users. Political-consulting firm Cambridge Analytica obtained information on as many as 87 million Facebook users in 2014 and then lied about deleting the data, Facebook has said.
As Facebook Inc. (FB) has come under fire for its handling of data-privacy issues and political-advertising scandals, Twitter Inc. (TWTR) stock has thrived. Shares are up 30% this year, while Facebook’s stock has declined 6%. The love for Twitter mainly stems from a series of product improvements that investors believe are getting users to spend more time on the platform, as well as the idea that Twitter can benefit from changes Facebook is making to its news-feed algorithm.
Mark Zuckerberg ’s not wholly reassuring testimony before the US Senate did little to placate angry users wondering whether they should #DeleteFacebook . But where to go if you leave a social media platform ...
In a debate in April among members of the FT City Network, a panel of more than 50 of the City of London’s most senior business figures, members were asked what impact on business and society they thought ...
Some of Britain’s top financiers have called for a regulatory crackdown on Facebook and other technology groups to bring them into line with the kind of rules that banks must follow. HSBC has been among the hardest hit by regulators, as the scrutiny of banks’ behaviour in areas such as money laundering has toughened. What impact will Facebook scandal have?
Inside Facebook’s content clean-up operation Copyright © 2015 The Financial Times Limited. Please don't cut and paste FT.com articles and redistribute by email or post to the web.
In the wake of escalating criticism of its content removal policies, Facebook, on Tuesday, published its internal moderation guidelines for the first time, a notable step toward expanding transparency around how information is handled and policed on the social network.
To quote the great 'Anchor Man,' Ron Burgundy: "Boy, that escalated quickly." Things certainly escalated quickly for the markets today as the Dow started the day in positive territory then almost immediately switched course and dove deep into the red. led the Dow lower but wasn't the only industrial to suffer on the news, as companies in the sector fell across the board Tuesday. Shares of the Google parent fell nearly 5% after the search giant easily beat first-quarter earnings and revenue expectations only to see concerns about rising costs negate any positive reaction from investors.