|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||130.18 - 131.31|
|52 Week Range||121.29 - 158.00|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Europe's sweeping privacy law GDPR goes into effect May 25th, and Facebook is
In Q1, Facebook reported 2.2 billion monthly active users, which was in line with expectations.
Facebook Inc., in its first earnings report after touching off widespread data-privacy concerns, posted soaring revenue and profit that highlighted the company’s central place in the digital economy. Facebook reported quarterly per share profit of $1.69, up from $1.04 a year earlier, while revenue rose nearly 50% to $11.97 billion. Executives acknowledged that Facebook must better police its platform, but insisted they could do so without overhauling its lucrative advertising business, dismantling tools for targeting consumers, or offering a paid version of the service.
The social network’s first-quarter report showed that about 48 million daily active users signed up during the period, suggesting that the world’s largest social network isn’t easily unplugged despite ...
Investors rattled by recent volatility are becoming choosier about which technology-focused stocks they scoop up, a reversal from 2017 that threatens to undermine the tech sector’s dominance in the long stock rally. With valuations already stretched by traditional measures, investors are contemplating which companies warrant the higher multiples that typically come with the tech label. After all, advanced technology underpins nearly every business, from banking to manufacturing, investors say.
Snapchat plans to stop retaining certain data about users under the age of 16 in Europe, including precise location history, to comply with new EU privacy regulations. The move is intended to allow the ...
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.
Even as a mature company facing public backlash, Facebook managed to increase its revenue and user growth in the first quarter, an amazing feat.
Revelations of the improperly handled data of 87 million users did nothing to stop Facebook Inc.‘s money machine. The data-privacy scandal involving Cambridge Analytica broke in mid-March, but the company appeared to shrug off those concerns with a huge earnings and revenue beat in the first quarter. “Despite facing important challenges, our community and business are off to a strong start in 2018,” Chief Executive Mark Zuckerberg said on a conference call Wednesday afternoon.
Facebook reported Q1 revenue of $11.97 billion (up 49% annually) and GAAP EPS of $1.69, topping consensus analyst estimates of $11.41 billion and $1.35. With concerns about the fallout from the Cambridge Analytica scandal weighing, Facebook went into earnings down 18% from an early-February peak of $195.32, hit shortly after the company posted a solid Q4 report. Jim Cramer and the AAP team hold a position in Facebook for their Action Alerts PLUS Charitable Trust Portfolio.
Facebook's growth accelerated, despite concerns about the Cambridge Analytica scandal, the #deletefacebook movement, and potential advertiser defections.