FB - Facebook, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
189.93
-0.21 (-0.11%)
At close: 4:00PM EDT

189.85 -0.08 (-0.04%)
After hours: 7:02PM EDT

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Previous Close190.14
Open190.66
Bid189.62 x 900
Ask189.80 x 1000
Day's Range188.12 - 193.10
52 Week Range123.02 - 208.66
Volume16,829,819
Avg. Volume14,202,068
Market Cap547.621B
Beta (3Y Monthly)1.28
PE Ratio (TTM)32.12
EPS (TTM)5.91
Earnings DateOct 28, 2019 - Nov 1, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est235.55
Trade prices are not sourced from all markets
  • This new read dives into the current threats on cybersecurity
    Yahoo Finance Video

    This new read dives into the current threats on cybersecurity

    Mark Zuckerberg met with lawmakers on Capitol Hill and President Trump Thursday to talk about data privacy and security issues sure to come up at next weeks big tech anti trust hearings. Phil Quade, who is Fortinet Chief Information Security Officer and Author of the book 'The Digital Big Bang', has insight on those issues as he joins On the Move to discuss.

  • Snapchat's Comeback Story
    Zacks

    Snapchat's Comeback Story

    Snapchat is making a comeback in a big way with a resurgence in user growth and ARPU's continuing to raise.

  • Nike (NKE) Q1 2020 Earnings Preview: North America, China and More
    Zacks

    Nike (NKE) Q1 2020 Earnings Preview: North America, China and More

    Nike (NKE) is set to report its first-quarter fiscal 2020 financial results after the closing bell on Tuesday, September 24. So let's see what investors should expect from the sportswear powerhouse...

  • Bloomberg

    Facebook CEO Eases Tensions But Lawmakers Press on Privacy Rules

    (Bloomberg) -- Facebook Inc. Chief Executive Officer Mark Zuckerberg’s Washington charm offensive appeared to ease tensions between the social media giant and U.S. lawmakers critical of its business practices.Most lawmakers described their meetings with the CEO as productive even as they called for new regulations on tech companies that they said would improve users’ experiences and industry competition.“It was a positive and robust discussion on privacy,” Representative Greg Walden, an Oregon Republican, said Friday after his meeting. “They committed to working with the Congress on a strong, nationwide privacy law.”In addition to Walden, Zuckerberg also met on Friday with House Minority Leader Kevin McCarthy and Doug Collins, a Georgia Republican on the Judiciary Committee. He sat down with House Intelligence Chairman Adam Schiff, a California Democrat, and House Judiciary Chairman Jerry Nadler, a Democrat whose committee is investigating the technology industry.On Thursday, Zuckerberg met with President Donald Trump at the White House, according to a Facebook spokesman. Trump’s son-in-law and senior adviser, Jared Kushner, was there along with Dan Scavino, the president’s social media director, Bloomberg reported. Trump later tweeted that it was a “nice meeting.”Zuckerberg spent the past three days defending Facebook’s practices to some of his harshest critics, who say the company isn’t taking strong enough action to prevent voter manipulation on the platform ahead of the 2020 presidential election. They also criticize the company’s handling of user data and treatment of conservative voices on its platform.On Friday, Facebook announced it had suspended “tens of thousands” of third-party apps that were using the company’s developer tools as part of a review the company started following the Cambridge Analytica privacy scandal last year. In response to the growing scrutiny of its platform, Zuckerberg has called for adoption of baseline regulations governing privacy and harmful content online.The prospects that a federal privacy law will pass before the end of 2020 remain low, even though Republicans and Democrats alike say they are negotiating terms of potential legislation.Antitrust PanelZuckerberg on Friday met with Nadler of New York as the Judiciary antitrust subcommittee is investigating competition issues in the technology industry. Last week, the panel sent a letter to Facebook seeking information about its acquisitions as well as communications from Zuckerberg and other executives.Democratic Representative David Cicilline, chairman of the panel’s antitrust subcommittee, said he had a “productive meeting” with Zuckerberg.“It was an opportunity to reaffirm the bipartisan nature of the investigation -- the fact that the chairman and I and our Republican colleagues are very united in this effort,” Cicilline said. “Mr. Zuckerberg made a commitment to cooperate with the investigation.”‘A Wall’A day earlier, Zuckerberg had a testier exchange with Republican Senator Josh Hawley over his company’s record on privacy and safeguarding user data. Hawley said he told Zuckerberg that Facebook should be subject to independent audits of its content reviews and that there should be “a wall” between Facebook and its other platforms, and Zuckerberg said no.“I said to him, ‘Prove that you are serious about data, sell WhatsApp, and sell Instagram.’ That’s what they should do,” Hawley told reporters after a Thursday meeting. “I think it’s safe to say he was not receptive to those suggestions.”Zuckerberg’s visit to the capital also included a dinner on Wednesday with Virginia Senator Mark Warner, the top Democrat on the Intelligence Committee, and Senator Richard Blumenthal, a Connecticut Democrat, along with other lawmakers.The executive didn’t appear to be meeting with government officials conducting other inquiries. The Federal Trade Commission has opened an antitrust probe of the company, and New York is leading a coalition of states in a wide-ranging investigation of the social media giant. In July, Facebook agreed to pay $5 billion to settle FTC allegations it violated users’ privacy.\--With assistance from Steven T. Dennis, Billy House and Daniel Flatley.To contact the reporters on this story: Naomi Nix in Washington at nnix1@bloomberg.net;Daniel Stoller in Washington at dstoller1@bloomberg.net;Rebecca Kern in Washington at rkern21@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net, Steve Geimann, Laurie AsséoFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • MarketWatch

    Facebook fundraising tools have raised more than $2 billion

    Facebook Inc. users have raised more than $2 billion for charitable causes since the social-media company made it possible on its platform in 2015, the company said. In a blog post Thursday, Facebook executives said the rate of fundraising has accelerated with twice as many fundraisers now as in November. About half of the money has been raised through birthday notices. Facebook shares are up 44% this year. The S&P 500 index is up 20% in 2019.

  • Why Jennifer Aniston declined my ‘Friends’ request
    MarketWatch

    Why Jennifer Aniston declined my ‘Friends’ request

    ‘Friends’ is celebrating its 25th anniversary, and the actress who played Rachel Green was way ahead of her time.

  • 3 Dividend-Paying Tech Stocks for Income Investors to Buy Right Now
    Zacks

    3 Dividend-Paying Tech Stocks for Income Investors to Buy Right Now

    We searched for strong tech companies that also pay a dividend, utilizing our Zacks Stock Screener. These three tech stocks should remain attractive to investors even during a potential market downturn...

  • Roku Unveils Streaming Devices Roku Express & Roku Ultra
    Zacks

    Roku Unveils Streaming Devices Roku Express & Roku Ultra

    Roku (ROKU) launches new devices that are expected to strengthen its footprint in the increasingly crowded video-streaming space.

  • Facebook Suspended Thousands of Apps for Violating Policies
    Bloomberg

    Facebook Suspended Thousands of Apps for Violating Policies

    (Bloomberg) -- Facebook Inc. has suspended “tens of thousands” of third-party apps that were using the company’s developer tools as part of a review Facebook started following the Cambridge Analytica privacy scandal from early 2018. The number of suspended apps was at 400 in August 2018.“To date, this investigation has addressed millions of apps. Of those, tens of thousands have been suspended for a variety of reasons while we continue to investigate,” Facebook wrote in a blog post Friday. Not all of these apps were necessarily abusing or selling user data. Many were not “live” when they were suspended, and in other cases, apps were suspended after developers didn’t respond to Facebook requests for more information.Facebook started its investigation after it was revealed in early 2018 that a third-party app had collected the personal information of millions of Facebook users and sold that information to political consultancy firm Cambridge Analytica. Facebook was widely criticized for its failure to protect user privacy, and pledged to audit its developer relationships to find other potential issues. Facebook said Friday the investigation is “ongoing.”The Cambridge Analytica revelation set off what became arguably the most damaging year in Facebook’s history, which included multiple congressional hearings and a probe by the Federal Trade Commission that led to a $5 billion fine.To contact the reporter on this story: Kurt Wagner in San Francisco at kwagner71@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Molly Schuetz, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Facebook suspends tens of thousands of apps in response to Cambridge Analytica row
    Reuters

    Facebook suspends tens of thousands of apps in response to Cambridge Analytica row

    The suspended apps are associated with about 400 developers, Facebook said, adding that it is not necessarily an indication that these apps were posing a threat to users. The FTC privacy probe was triggered last year by allegations that Facebook violated a 2012 consent decree and inappropriately shared information of 87 million users with British political consulting firm Cambridge Analytica. Facebook has since agreed to boost safeguards on user data and has put curbs on the amount of information that third-party developers can request from platform users.

  • Reuters

    U.S. dollar to be main currency underpinning Facebook's Libra: Spiegel

    The U.S. dollar will make up 50% of the basket of currencies backing Facebook's planned digital coin Libra, with the euro, yen, sterling and Singapore dollar comprising the rest, Der Spiegel reported, referring to a letter from Facebook. China's yuan currency will not be included, which could help smooth the planned cryptocurrency's path in the United States, where officials have raised concerns about the yuan's growing stature as a reserve currency at a time when trade relations between the two economic powers are tense. In a letter responding to a question from German legislator Fabio De Masi, Facebook said the dollar would make up 50% of the basket, followed by the euro with 18%, the yen with 14%, the British pound with 11% and the Singapore dollar with 7%, according to German news magazine Der Spiegel.

  • Reuters

    UPDATE 2-Few U.S. lawmakers hit 'like' button after Facebook CEO visits Capitol Hill

    Facebook CEO Mark Zuckerberg wrapped up three days of discussions with Washington movers and shakers on Friday, with few if any indications he had won new "friends" to help the top social media company deal with multiple probes by Congress, state attorneys general and federal regulators. Zuckerberg, Facebook's founder, won some praise for agreeing to lengthy talks behind closed doors with officials ranging from President Donald Trump to a long list of lawmakers. Trump posted a photo with Zuckerberg on Twitter and called their Oval Office session on Thursday a "nice meeting." Facebook called Zuckerberg's discussion with Trump "a good, constructive meeting" but neither side disclosed specifics.

  • TheStreet.com

    [video]Facebook Says It's Suspended 'Tens of Thousands' of Apps Following Investigation

    Facebook says it has identified thousands of problematic apps and developers following an investigation in the wake of the Cambridge Analytica scandal last year.

  • Kiplinger

    Best and Worst States at Minting Millionaires Since the Financial Crisis

    The 10-year bull market in stocks and longest economic expansion in U.S. history have minted many a millionaire since the darkest days of the Great Recession.A decade ago, less than 1 in 20, or 4.9%, of all U.S. households were considered to be millionaires, according to Phoenix Marketing International, which tracks the affluent market. That means they held at least $1 million in investable assets, such as cash, stocks, bonds and funds, among other types of investments. Real estate such as the family home, employer-sponsored retirement plans and business partnerships don't count.Cut to today, and 6.2% of all U.S. households are millionaires. In raw numbers, the nation's ranks of millionaires grew by more than 2 million over the past 10 years.Naturally, the gains haven't been distributed evenly. Although every state and the District of Columbia has more millionaire households today than it did in 2008, some areas of the country are gaining millionaires as a percentage of total households at a much faster clip than others.Kiplinger.com annually ranks all 50 states plus Washington, D.C., by their respective concentrations of millionaires. In the most recent tally, New Jersey leapfrogged long-time leader Maryland for the top spot. Nearly 9% of New Jersey households are millionaires vs. 8.9% for Maryland, which led the country in millionaires as a percentage of households from 2011 through 2017 before slipping to fourth place.That got us thinking: How have state millionaire concentrations shifted since the financial crisis? Here, we look at the five best states that have risen through the millionaire rankings since the Great Recession ... and the five that have experienced the biggest dropoffs. SEE ALSO: 25 Small Towns With Big Millionaire Populations

  • U.S. dollar to be main currency underpinning Facebook's Libra:  Spiegel
    Reuters

    U.S. dollar to be main currency underpinning Facebook's Libra: Spiegel

    The U.S. dollar will make up 50% of the basket of currencies backing Facebook's planned digital coin Libra, with the euro, yen, sterling and Singapore dollar comprising the rest, Der Spiegel reported, referring to a letter from Facebook. China's yuan currency will not be included, which could help smooth the planned cryptocurrency's path in the United States, where officials have raised concerns about the yuan's growing stature as a reserve currency at a time when trade relations between the two economic powers are tense. In a letter responding to a question from German legislator Fabio De Masi, Facebook said the dollar would make up 50% of the basket, followed by the euro with 18%, the yen with 14%, the British pound with 11% and the Singapore dollar with 7%, according to German news magazine Der Spiegel.

  • Roku Has Worst Day in Months as Fear of Competition Looms Again
    Bloomberg

    Roku Has Worst Day in Months as Fear of Competition Looms Again

    (Bloomberg) -- Roku Inc. shares suffered their second double-digit percentage drop of the past three trading days on Friday, as concerns over competition once again pressured a stock that has quadrupled since December.Shares of the the video-streaming platform company sank as much as 18% in midday trading, its biggest one-day percentage loss since November, dropping on volume that already eclipsed its daily average volume over the past three months. The stock was trading at a six-week low, and on track for a weekly drop of more than 25%.With the decline, Roku has lost about 35% of its value since a record close hit earlier this month. Even with the drop, however, shares remain up more than 300% from a December low as investors see the company as a major beneficiary to a shift toward streaming video.Friday’s decline was sparked after Pivotal Research Group started coverage on Roku shares with a sell rating and Street-low price target of $60, a target that represents downside of more than 55% from the company’s Thursday close.Analyst Jeffrey Wlodarczak wrote that shares were “dramatically overvalued” after the 2019 rally, and that he sees “dramatically more competition emerging.”Pivotal’s comments spoke to an issue that also weighed on Roku on Wednesday, after Facebook Inc. debuted a new model of its Portal video device that will have access to some streaming services, and Comcast Corp. said its Xfinity Flex box would be included with Internet-only subscriptions.Wlodarczak sees such developments as a harbinger of things to come. He anticipates “dramatically more competition,” including from “big boys” like Comcast, whose plan “will inevitably be copied by other distributors”, and “likely drive the cost of [over-the-top video-streaming] devices to zero.”These rivals have “massive leverage,” he wrote, and are likely to make growth “much more difficult.”This bearish view is a minority opinion. Pivotal is only the second firm to recommend selling Roku shares, according to data compiled by Bloomberg, compared with the stock’s nine buy ratings and the five firms with a neutral view on the stock.As occurred following the week’s previous drop, Roku bulls defended the name as shares declined. Needham analyst Laura Martin called it “the gold-standard pure play” of video streaming, one that was “underscored by flawless (our word) execution” and a continually expanding total addressable market.The firm reiterated its buy rating and $150 price target in a note to clients. “Even if Roku’s hardware sales went to zero TOMORROW,” the financial downside “would be minimal” as it accounts for just 5% of its gross profit, Martin wrote (emphasis in original).Separately, Oppenheimer on Friday affirmed its outperform rating despite the “pending SVOD war,” referring to streaming video on demand. “Roku’s U.S. strategy play-book should allow fast international market share,” the firm wrote. “Many new services are playing catch-up in a crowded market, with limited scaled platforms to add [subscribers].”The firm raised its price target to $155 from $120, and was at least the second firm this week to boost its view on Roku’s international potential, following a similar move from Guggenheim on Wednesday.Currently, analysts expect full-year revenue growth of about 48% for 2019, and 36% growth in 2020, according to data compiled by Bloomberg. According to a Bloomberg MODL forecast, Roku is expected to have about 36.2 million active accounts at the end of 2019.To contact the reporter on this story: Ryan Vlastelica in New York at rvlastelica1@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Steven Fromm, Morwenna ConiamFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • A Trio of Strong Performers
    GuruFocus.com

    A Trio of Strong Performers

    Facebook tops the list of highly profitable companies Continue reading...

  • Reuters

    No Chinese yuan in basket underpinning Facebook's Libra - Spiegel

    Facebook's planned cryptocurrency Libra will be backed by a basket of currencies including the U.S. dollar, euro, yen, sterling and Singapore dollar, but excluding China's yuan, Der Spiegel reported, referring to a letter from Facebook. The exclusion of China's currency could help smooth the planned digital currency's path in the United States, where officials have raised concerns about the yuan's growing stature as a reserve currency at a time when trade relations between the two economic powers are tense. In a letter responding to a question from German legislator Fabio De Masi, Facebook said the dollar would make up 50% of the basket, followed by the euro with 18%, the yen with 14%, the British pound with 11% and the Singapore dollar with 7%, according to German news magazine Der Spiegel.

  • Facebook Takes a Leaf from Baidu to Keep Instagram Safe
    Market Realist

    Facebook Takes a Leaf from Baidu to Keep Instagram Safe

    Instagram plans to restrict or remove posts promoting questionable weight loss or cosmetic procedures. Health misinformation is a key concern for digital platforms.

  • Undeterred, Facebook to press on with Libra launch next year: executive
    Reuters

    Undeterred, Facebook to press on with Libra launch next year: executive

    Facebook still aims to launch its Libra digital currency next year, its executive overseeing the project told Swiss newspaper NZZ, as the company presses ahead despite authorities around the world pouring cold water on the plans. Since the U.S. tech company unveiled its plans in June, its proposed cryptocurrency has met with regulatory and political scepticism, with France and Germany pledging to block Libra from operating in Europe. "The goal is still to launch Libra next year," Facebook's David Marcus told NZZ in an interview published on Friday.

  • Europe’s Last Land Frontier Is Opening Up
    Bloomberg

    Europe’s Last Land Frontier Is Opening Up

    (Bloomberg Opinion) -- Ukraine has almost as much agricultural land as France and Germany combined and will finally start allowing it to be bought and sold next year. This is Europe’s last farmland frontier, and the fight over it is going to be messy.About 17% of Ukraine’s gross domestic product comes from agriculture, the one sector where Ukraine punches above its weight on the global stage. It’s the world’s sixth-biggest wheat exporter, a top-10 supplier of corn and barley, the global leader in sunflower oil exports, and No. 3 in honey, according to the United Nations Food and Agriculture Organization. It has more farmland than anywhere else in Europe apart from Russia, where much of the land is actually located in Asia, and Ukraine’s nutrient-rich “black earth” soil is of better quality than most of Russia’s. Ukrainians, however, haven’t been allowed to do much with that land. Out of the total 41.5 million hectares (105 billion acres), only 1.7 million hectares — mostly small plots like private gardens — can be bought and sold. The rest was distributed to former collective farmers after the Soviet Union fell apart, and a moratorium was established on its sale. Russia allowed a market in land in 2003, but Ukrainian legislators have been extending the freeze on sales every year against the persistent advice of international financial institutions. The World Bank estimated in 2017 that lifting the moratorium could boost Ukraine’s annual GDP by 1.5 percentage points, but residual post-Soviet fears that foreigners and oligarchs would buy up all the land made opening the market politically unpopular.Now, however, new President Volodymyr Zelenskiy is popular enough, and has consolidated enough power in parliament, to finally take the plunge and allow land sales. “Out of seven million Ukrainians who own land, almost one million citizens have already died” without being able to make much money from their property, Zelenskiy said in a speech touting his reform plan on Thursday. The government plans to open the land market on Oct. 1, 2020. Ukrainian citizens and Ukrainian-registered companies, regardless of the origin of their beneficial owners (apart from Russians), will be allowed to buy land; to prevent excessive concentration, there will be caps of 0.5% of the total area nationwide and 15% of the total area in a specific region. But starting official sales isn’t just a matter of snapping one’s fingers once the political will is there. The land sale moratorium spawned a deeply unfair, opaque gray market. The land shares that former collective farmers received in the 1990s often aren’t big enough to farm independently. Since they can’t be sold, banks are reluctant to accept them as collateral. All the nominal owners can do in many cases is lease their land to big agricultural conglomerates at prices about one-fifth as high as in France. Some of the leases are for 50 years or more, and obligations to sell the land after the moratorium is lifted are common. Five of Ukraine’s top-10 agricultural landholders have already exceeded the government’s planned 0.5% nationwide limit, according to the Leibniz Institute of Agricultural Development in Transition Economies. The top 10, led by Andriy Verevskiy’s Kernel and Oleg Bakhmatyuk’s UkrLandFarming, work a combined area of about 2.9 million hectares. Zelenskiy acknowledged the challenges ahead. “A large-scale shadow market has emerged” that “is beneficial not for a small farmer, a simple peasant, but for local so-called land princes,” he said in his speech. Once the law allows official sales, these “princes” will be the best-positioned to turn these holdings into property, and they won’t be easy for any new investors to dislodge. “We have only one task: to find the optimal model beneficial for ordinary Ukrainians,” Zelenskiy said.Realizing the nature of the opportunity, some foreign investors have already moved into the market despite its status as a legal gray area. The Public Investment Fund of Saudi Arabia and the Saudi Grain and Fodder Holding Co., both state entities, are among the biggest investors in Ukrainian land, having acquired large holdings since 2016, according to the Land Matrix, an independent land-monitoring project funded, among others, by the European Union. Some private Western companies, such as U.S.-based NCH Capital Inc., also have acquired sizable holdings. Cargill Inc., the U.S. agricultural giant and a big trader in Ukrainian grain, opted instead to buy a 5% stake in UkrLandFarming in 2014.New players will inevitably show up as the market’s opening approaches. Once it’s operational, investors will line up for the roughly 11 million hectares that are still state-owned. The government plans to auction them off. But whether the Ukrainian state has the resources to control the market — avoiding monopolization, corruption and turf wars — is uncertain at this point.“I call on the entire society to watch who will become landowners,” Timofey Milovanov, the recently appointed economy minister, wrote in a Facebook post. “That’s important: It’s not the law that protects, it’s society that protects.” Indeed, without a properly functioning legal system, Ukraine’s active civil society is perhaps the nation’s best hope when it comes to keeping the future land market civilized.Even if it’s something of a free-for-all, Ukraine can only benefit from allowing land sales. It will boost investment and likely increase agricultural production. It will make many of the current small landowners wealthier and provide considerable privatization revenue to the government. Creating a transparent market that doesn’t benefit oligarchs would be a bonus.To contact the author of this story: Leonid Bershidsky at lbershidsky@bloomberg.netTo contact the editor responsible for this story: Stephanie Baker at stebaker@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Leonid Bershidsky is Bloomberg Opinion's Europe columnist. He was the founding editor of the Russian business daily Vedomosti and founded the opinion website Slon.ru.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Zuckerberg, Trump hold ‘constructive’ WH meeting
    Yahoo Finance Video

    Zuckerberg, Trump hold ‘constructive’ WH meeting

    Mark Zuckerberg is back on Capitol Hill Friday. He sat down with the president where they reportedly talked internet regulation. Yahoo Finance’s Brian Sozzi and Alexis Christoforous discuss the highlights of the week on The First Trade.