172.52 +0.02 (0.01%)
After hours: 4:39PM EDT
|Bid||172.50 x 800|
|Ask||172.55 x 1000|
|Day's Range||170.91 - 174.56|
|52 Week Range||149.02 - 218.62|
|PE Ratio (TTM)||26.69|
|Earnings Date||Oct 30, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||211.03|
Yahoo Finance’s Seana Smith on the stocks making headlines in midday trading Monday.
NEW YORK, NY / ACCESSWIRE / August 120, 2018 / Pomerantz LLP announces that a class action lawsuit has been filed against Facebook, Inc. ("Facebook" or the "Company") (FB) and certain of its officers. The class action, filed in United States District Court, Northern District of California, and docketed under 18-cv-06765, is on behalf of a class consisting of investors who purchased or otherwise acquired common shares of Facebook between April 26, 2018 and July 25, 2018, both dates inclusive (the "Class Period"). Plaintiff seeks to recover compensable damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder.
Shares of Apple (AAPL) have outperformed the broader market, the tech sector in general, and fellow FAANG components Facebook (FB) and Google parent Alphabet (GOOGL) since the start of the year in its journey to become the first company with a $1 trillion market capitalization. Where we were: Apple has risen 27.3% since the start of the year, nearly double the Technology Select Sector SPDR ETF's (XLK) 14.3% gain, and it's remained popular with smart-money players like hedge funds even when other tech stars have fallen out of favor. Where we're headed: Potentially lower, argues New Street Research, if iPhone sales disappoint next year.
Dow Jones futures: Tesla stock undercut 300 as concerns grow about CEO Elon Musk. PepsiCo will buy SodaStream. U.S.-China trade talks loom, even with new Trump tariffs due. The Nasdaq is lagging even with Apple soaring.
Apple’s stock price has been on a tear. When I wrote that the next milestone for Apple stock would be $250, the shares were trading at $197.75. Others sold shares on the news that Apple had reached a $1 trillion valuation.
India (INDA) is one of the fastest-growing economies in the world and is increasingly moving toward digitalization. According to a McKinsey report, India is pegged to be a $1 trillion digital economy by 2025. Local established players, as well as US tech giants, are thus making efforts to push into the potential digital growth opportunity in India.
Square’s (SQ) peer-to-peer payment service Cash app is now more popular than PayPal’s (PYPL) competing service Venmo, according to data from app research firm Sensor Tower and Wall Street firm Nomura Instinet. Cash app’s accumulative downloads hit 33.5 million at the end of July, surpassing Venmo’s cumulative downloads of 32.9 million, Nomura wrote in a research note cited by CNBC. The Cash app has never racked up more downloads than Venmo, so the data indicate a milestone for Square in its race with PayPal to dominate the peer-to-peer payment market.
NEW YORK, Aug. 20, 2018-- Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving ...
Amazon (AMZN) is considering building an insurance comparison website in the United Kingdom (EWU). It’s in talks with European insurers to see if they would contribute products to the creation of a UK price comparison site, according to a Reuters report. Amazon already has an extensive price-comparison service for products on its website, but if it launches its insurance price comparison site in the United Kingdom, it will be a separate offering in a new market.
A few years back, CNBC personality and former hedge fund manager Jim Cramer coined the FANG acronym. Last week, he replaced it with WANG stocks.
Internet giant Amazon (AMZN) is reportedly seeking to acquire Landmark Theatres, a chain of movie theaters, to build its own movie portfolio and attract customers to its Amazon Prime subscription. According to Bloomberg, citing anonymous sources, the online retail giant is seeking to acquire the theater chain from Wagner/Cuban Cos., which is backed by Tom Wagner and Mark Cuban.
LOS ANGELES, CA / ACCESSWIRE / August 20, 2018 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Facebook, Inc. ("Facebook" or "the Company") (NASDAQ: FB) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Online fashion retailer Farfetch (IPO-FAR.L) aims to float on the New York Stock Exchange by the end of the year, the London-based company said on Monday, seeking to capitalise on rapid growth in luxury sales on the web. Farfetch runs an online marketplace for luxury wares offered by nearly 1,000 brands and boutiques worldwide rather than hold stock itself. Online sales made up 9 percent of global luxury revenue in 2017 and are forecast by consultancy Bain to reach a quarter of all sales by 2025.
Netflix (NASDAQ:NFLX) once was the hottest in the FANG group, but now Netflix stock is down 25% off its all time highs. All of FANG has had a tough time leading the market recently, and many market observers blame Facebook (NASDAQ:FB). The social media giant has dealt with privacy concern after privacy concern, the sum of which culminated in a disastrous earnings report that caused the company to lose $100 billion in value in a single day.
Following the legal impediments faced by Medtronic PLC ( MDT) to avoid a $1.4 billion tax in the United States, Facebook Inc. ( FB) and The Coca-Cola Co. ( KO) may be next to face the Internal Revenue Service (IRS) over the use of foreign payments to lower their taxes. Over the years, leading multinational companies (MNC) have been at loggerheads with the IRS on matters of transfer pricing—a method that has been used by MNCs to reduce their tax liabilities by assigning lower value to intangible assets like intellectual property (IP).
NEW YORK, NY / ACCESSWIRE / August 20, 2018 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Facebook, Inc. ("Facebook" or the "Company") (FB) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Facebook securities between April 26, 2018, and July 25, 2018,(the "Class Period"). This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
The agency, under the helm of Secretary Ben Carson, claims that the Menlo Park-based social media behemoth is unlawfully discriminating by letting landlords and developers choose which Facebook users receive housing-related ads.
If the performance results Twitter (TWTR) has released in recent quarters are anything to go by, it makes sense that the company would want to invest more in video, as its video executive recently suggested regarding the addition of more sports content. Twitter’s advertising and companywide revenue returned to growth after the company announced several dozen new video agreements. Twitter’s advertising revenue jumped 23% YoY (year-over-year) to $601 million in the second quarter following a 21% YoY rise in the second quarter and a 1.0% YoY rise in the fourth quarter of 2017.
Danielle Tomson, Personal Democracy Forum, discusses her op-ed in the Wall Street Journal about best practices for regulating social media and the internet.