|Bid||182.69 x 1400|
|Ask||182.90 x 1200|
|Day's Range||180.00 - 181.83|
|52 Week Range||123.02 - 218.62|
|Beta (3Y Monthly)||1.33|
|PE Ratio (TTM)||26.91|
|Earnings Date||Jul 23, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||222.30|
Don’t expect unbridled enthusiasm over Facebook’s reported cryptocurrency push just yet. “I don’t believe it’s going to be this kind of major game-changer,” Brent Thill, Jefferies senior technology analyst, tells Yahoo Finance’s ‘The Ticker.’
As federal regulators sharpen their focus on big tech, expect to see and hear more from Rep. Ro Khanna, a Silicon Valley congressman who is shaping legislation with a Republican counterpart that is tantamount to an internet Bill of Rights.
If federal regulators are serious about prosecuting Big Tech icons for antitrust practices, they’ll probably have to redefine what constitutes a monopoly in the industry.
Investors might want to think twice before dismissing potential antitrust probes of Big Tech as a temporary concern.
Facebook is riding the cryptocurrency wave as the S&P 500 continues its consolidation and the British pound slides on renewed Brexit fears.
It recently emerged that Facebook was planning to launch a cryptocurrency, GlobalCoin, designed to propel it into the payments sector via its Whatsapp, Instagram and Facebook messaging platforms. The initiative is alleged to launch in a dozen countries by Q1 2020 and is, quite frankly, very ambitious for the conglomerate considering both their and the cryptocurrency sector’s questionable reputations. Facebook’s trust conundrum Unless you’ve been living under a rock, you’re probably aware that cryptocurrencies had a tough year and a half with a slew of scandals and continued poor market performance. And if you’re six feet under that rock, you probably also missed that Facebook has been suffering crisis after crisis since a whistleblower revealed that the social media giant The post Will GlobalCoin make us trust Facebook again? appeared first on Coin Rivet.
Blockchain has been hailed as a game-changing technology which will transform virtually every industry. So why hasn't it seen mass adoption yet?
Facebook (FB) Watch has now more than 720-million monthly and 140-million daily users, who spend at least one minute on Watch.
, to invest around $10 million apiece to help fund its cryptocurrency. Markets like what they see: Facebook's stock is up 2.2% near the close on Friday, in spite of 0.4% drop for the Nasdaq. In line with prior reports, the WSJ says Facebook's coin will be "pegged to a basket of government-issued currencies to avoid the wild swings that have dogged other cryptocurrencies." It also says neither Facebook nor any other member of the consortium being formed to govern the coin -- it will be known as the Libra Association -- have direct control over the currency.
Facebook’s cryptocurrency is the innovation that no one is asking for. But it might just be the jolt that Bitcoin and other digital assets need.
Five acquisitions and a dozen funding deals that raised over $500 million top the Bay Area's venture news at the end of the week.
was the lone FAANG stock in positive territory at the start of trading Friday following a report that more than a dozen companies were ready to back its upcoming digital currency. , were supporting the social media group's cryptocurrency, which is plans to unveil next week. Dubbed GlobalCoin and expected to launch next year, the drive would give users the ability to concert their local currency into a Facebook-useable digital coin that could be used for payments or transfers.
Google Inc. CEO Sundar Pichai is concerned overzealous antitrust probes of Big Tech, including his own, could have far-flung, damaging consequences for the U.S. economy and national security.
There's an old saying that if you don't control your medium someone else will, and they won't have your interests at heart. That's no more true than in the case of Alphabet's (NASDAQ:GOOGL) Google, which has taken the media's business model for the Internet and now faces blowback.Source: Shutterstock That blowback includes calls to break the company up. Google's response is to reorganize its Washington lobbying shop, one of the largest in town, under new head of public policy Karan Bhatia, a former Bush Administration official.But Bhatia will have to look hard to find friends in the media industry. Most of that industry lies in pieces at Google's feet.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Links as TheftThe low monetary value of Internet media properties is underscored by news that TheStreet.Com, one of the early financial news sites, brought just $33 million in a sale to Maven (NASDAQ:MVEN), a small digital publishing company. Even that price represented more than twice Maven's market cap. (Full disclosure. I worked for TheStreet for a few years earlier in this decade.)The control of digital advertising by Google -- and Facebook (NASDAQ:FB) and Twitter (NASDAQ:TWTR) -- has Reuters asking if news has any economic value.Maybe not, but it does have political value.Consider a recent New York Times piece on the subject. It's based on a "study" from the New Media Alliance (formerly the Newspaper Association of America). The study claims Google made $4.7 billion last year from news content that it did not produce. The U.S. news industry as a whole brought in just $5.8 billion from digital ads on content it did produce.It's worth noting that the $4.7 billion figure is based on extrapolating from a 2008 since exact figures are not available.Politically, the study seems aimed at bringing the European concept of a "link tax" to the U.S. It's aimed at making Internet platforms pay for links to news content. Google argues such a tax would cut traffic to news sites, because their response would be to stop linking or shut down Google News in Europe altogether. Show Me the MoneyAbsent ad revenue, most newspapers have put up paywalls, allowing only subscribers to see their product.The New York Times (NYSE:NYT) has tripled its stock value in five years, it says, because of its paywall. But only a few national newspapers, including The Washington Post (owned by Amazon's (NADSAQ:AMZN) Jeff Bezos) and The Wall Street Journal, have made money on paywalls, which cut market reach substantially. Many smaller market papers now run with a skeleton staff.The result, for Google, is that its News product has become less useful even as it has been expanded. Its links lead regular readers to paywalls.More important, the enmity of major journalism organizations, both TV and print, plays into the hands of the Department of Justice -- at least in this area. The DOJ is busy creating new interpretations of antitrust law to apply to the digital age. The Bottom LineSince the antitrust issue began blowing up a few months ago Facebook stock is down 10% and Alphabet is down 17%, trading early on June 12 at $1,076 per share.There are analysts claiming Google would, like Standard Oil over a century ago, benefit from a breakup. But I find that claim is dubious.However, Google's refusal to play ball -- or in the case of a link tax, refusal to give the ball players a cut of the tickets they sold to their game -- doesn't bode well for future regulation. * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 Someone will pay the price of this. Whether it will be Google or the news media and the people who depend on it for information remains to be seen. In a time when the president routinely refers to the press as "the enemy of the people," the effects of the fight could be even worse than lost shareholder value.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 * 7 Value Stocks That Are Flying Under the Radar * 6 Mouth-Watering Fast Food Stocks for Growth Investors Compare Brokers The post Google Faces Antitrust Regulations -- And for Good Reason appeared first on InvestorPlace.
The Wall Street Journal reported it had signed up a number of major companies -- including Visa, Mastercard, PayPal and Uber -- to back the project. Bowles's new title at Facebook will be public policy director for Northern Europe, according to a person familiar with the situation. The cryptocurrency plan ``may prove to be one of the most important initiatives in the history of the company to unlock new engagement and revenue streams,'' RBC analyst Mark Mahaney wrote in a June 13 note.
Google Chief Executive Officer Sundar Pichai made the pitch in a recent CNN interview. "When we look at it globally, our tech companies are going to contribute to our economic growth in an important way.
A FB cryptocurrency is on the way and it looks to have quite the wave of support from big backers.Source: Shutterstock Here's what we know so far about the Facebook (NASDAQ:FB) cryptocurrency. * The project to develop a FB cryptocurrency is called Libra. * It has been the works for six months now. * Stripe, Booking.com and MercadoLibre are taking part in the project, but it is unknown what exactly they are doing for it. * Several large companies will reportedly be backing the development of the cryptocurrency. * Some of the big names behind the effort are PayPal (NASDAQ:PYPL), Mastercard (NYSE:MA), Visa (NYSE:V) and Uber (NYSE:UBER). * Each of these companies will be putting $10 million into the development of the FB cryptocurrency. * This will have them acting as a governing consortium for the virtual currency. * It's also worth mentioning that the FB cryptocurrency is going by the name GlobalCoin. * Report claim that the cyrptocurrency will be used by Facebook through its multiple messaging service. * There's also been talk that it will allow users of the social media service to use the virtual currency to purchase goods from retailers via the website. * Other reports are claiming that Facebook is preparing to reveal the new virtual currency sometime next week. * These same rumors also say that the tech company is preparing to release the FB cryptocurrency in early 2020. * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 You can follow these links to learn more about Facebook's plans for its cryptocurrency.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFB stock was up 1% as of Friday morning. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 * 7 Value Stocks That Are Flying Under the Radar * 6 Mouth-Watering Fast Food Stocks for Growth Investors As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post FB Cryptocurrency: 12 Things We Know About Facebook's Project Libra appeared first on InvestorPlace.
A Facebook cryptocurrency could enable a new era of e-commerce and payments for the social network, allowing users to change dollars and other currencies into digital coins for purchases.
The stock rose as much as 2.5% in morning trading, extending a recent uptrend. “Investors may be getting relatively comfortable with the underlying regulatory risk” facing major Internet and technology stocks, wrote Youssef Squali, an analyst at SunTrust Robinson Humphrey. According to the firm’s calculations, Facebook’s five main businesses -- the namesake social network, Instagram, Facebook Messenger, WhatsApp and Oculus -- have a sum-of-the-parts valuation that implies a share price of $226, or 27% above Facebook’s Thursday close.
A group of payments and other companies, including Visa, Mastercard, PayPal and Uber, agreed to invest about $10 million each in a consortium to oversee the digital coin Facebook plans to unveil next week, the Wall Street Journal reported late Thursday. Separately, the Wall Street Journal also reported Facebook plans to step up its marketing spending in a shift in its consumer-facing advertising strategy. Facebook shares climbed as much as 2.5% to $181.84 at 9:35 a.m. in New York.