205.20 -2.03 (-0.98%)
Pre-Market: 6:16AM EDT
|Bid||205.35 x 2200|
|Ask||205.60 x 1000|
|Day's Range||206.84 - 208.72|
|52 Week Range||149.02 - 208.72|
|PE Ratio (TTM)||34.30|
|Earnings Date||Jul 25, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||229.86|
U.S. lawmakers urged Alphabet Inc.’s Google and Facebook Inc. not to comply with a Vietnam cybersecurity law that requires storing domestic users’ data in the country, if doing so allows the government to "improperly" seize the information. The law, which goes into effect Jan. 1, also requires foreign internet companies to open local offices and bans the use of social networks to organize anti-state activities, spread false information or create difficulties for authorities. “This broad and vaguely worded law would allow the communist authorities to access private data, spy on users, and further restrict the limited online speech freedoms enjoyed by Vietnamese citizens,” 17 bipartisan members of Congress said in a letter to Google CEO Sundar Pichai and Facebook chief Mark Zuckerberg.
Inc. for being overly accommodating to conservative outlets, days before social-media executives are to appear on Capitol Hill to discuss how content is displayed on their sites. Inc. and YouTube are scheduled to testify before the House Judiciary Committee on Tuesday. Facebook in particular has come under sustained criticism for how it mediates political discourse on its platform, and the social-media giant has hosted a number of meetings in recent weeks with various stakeholders to address the issue.
PayPal co-founder and well-known tech investor Peter Thiel was a part of Cayman Islands start-up Block.one’s most recent funding round announced Monday.
Facebook gives special protections to Tommy Robinson and allows people to racially abuse immigrants, according to a new report. Graphic images and videos of children, violent hate speech and racist content are not immediately or automatically removed from the site, according to footage taken by Channel 4’s Dispatches. It also shows that far-right and racist content is given special protections that stop it being deleted quite so easily.
Netflix (NASDAQ:NFLX) is being beat like a drum after reporting its second-quarter earnings results. Expectations were high going into the report, given that shares have more than doubled so far this year. While Netflix earnings came in ahead of estimates, revenue missed the mark.
The large-cap tech powerhouses Facebook, Inc. (NASDAQ: FB ), Amazon.com, Inc. (NASDAQ: AMZN ), Netflix, Inc. (NASDAQ: NFLX ) and Alphabet Inc (NASDAQ: GOOGL ) (NASDAQ: GOOG ) — collectively "FANG" ...
Facebook (FB) plans to release its second-quarter results on July 25, a month after it announced a move that seems to be positive for its closely watched advertising business. Last month, Facebook eased its ban on cryptocurrency advertising after it had implemented a way to carry safe cryptocurrency-related ads. In January, Facebook issued a blanket ban on crypto advertising across its platforms as a way of protecting consumers from deceptive financial products.
Where is the best place to work in the U.S.? According to career website Indeed, it’s Facebook. Despite a rough year, Facebook got high marks for transparency, perks and benefits. (Source: Bloomberg)
Analysts at Jefferies wrote a note to clients Friday in which they reiterated a buy rating on the social media stock and lifted their 12-month price target from $215 to $240. Investors sold off Facebook shares earlier this year on fears of heightened regulatory pressure after a headline data scandal involving London-based political consulting firm Cambridge Analytica, which occurred ahead of the 2016 U.S. presidential race.
Monday, July 16: President Donald Trump says America’s biggest global “foe” is the EU before meeting with Russian president Vladimir Putin; Elon Musk donated $40,000 to a GOP PAC; Amazon Prime Day starts and will last 36 hours. Yahoo Finance's Dan Roberts delivers today's news.