|Day's Range||78.00 - 78.00|
Google introduced an updated Smart Display interface alongside the Nest HubMax, and now you don't need that new hardware to see what the fuss is about
That's why you should take advantage of a tool like the Security Checkup now,while your account is still secure, and get at least that level of protectionenabled
Benzinga has examined prospects for many investor favorite stocks over the past week. Bearish calls included biotechs and a recent IPO. Furthermore, investors also saw mixed economic numbers, as well as positive surprises in quarterly reports and initial public offerings, bad news for a market darling from the Supreme Court, and fresh news for whale watchers.
Mona Keijzer, the Dutch state secretary for economic affairs and climate policy, has proposed implementing three measures on a European level to prevent large technology companies from becoming too dominant, she wrote in a letter to the national parliament on Saturday. The state secretary said she is already in talks with other member states on the policy. The European Commission has sought tougher scrutiny of acquisitions in the past.
It's been a rough two years for consumer IPOs, from Snap in 2017 to Uber and Lyft this year. Private market investors are generating all the returns, which is exactly what the experts have predicted for years. Nobody in Silicon Valley should be surprised by Uber's UBER disappointing IPO.
Generation Investment Management, the firm Al Gore co-founded, is handily beating the S&P 500. Here’s what it’s buying and selling.
The critics also include some of his past political allies, including state Attorney General Letitia James, who served with de Blasio in the City Council and described him as a friend while also saying “we need a mayor who is going to be on the job 24 hours a day.” Former political consultants who helped him achieve two overwhelming mayoral election victories aren’t working for him on this campaign. De Blasio’s chances at overcoming his underdog status might be better if he had ignited more enthusiasm among New Yorkers. “It’s sure to come up,” said Iowa Democratic Chairman Troy Price, when asked about the negative reaction to de Blasio’s candidacy among some New Yorkers.
Search giant Google has reportedly purchased three more office buildings in North San Jose, where it has quietly assembled what could be one of the largest corporate office campuses in the city.
The search-engine company turned in its first net loss in more than a decade and said it expects revenue growth to fade to near zero in the second quarter, sending the stock down by 16.5% on Friday.
Google saves years of information on purchases you've made, even outside Google, and pulls this information from Gmail. It's complicated to delete this private information, and options to turn it off are hidden in privacy settings. Google says it doesn't use this information to sell you ads.
If you're looking to invest in the growing popularity of video games, you might want to start by considering these sector winners.
Facebook executives are making progress when it comes to speaking with the public, but need to focus on changing its business model, early Facebook and Google investor Roger McNamee told CNBC on Friday.
Not every analyst is a huge fan of Facebook (NASDAQ:FB). That's fine. That difference of opinion gives FB stock investors -- as well as the rest of the analyst community -- plenty to think about.Source: SilverIsdead Via FlickrNone are as bearish on Facebook stock as Pivotal Research Group analyst Brian Wieser is, however. Wieser currently sports the lowest of all price targets on the social networking giant's shares. His estimated value of Facebook stock? A mere $120, which is 35% less than the current FB stock price of $186.It is, admittedly, outrageous given Facebook's pedigree and history. And Wieser's thesis is also more subjective than objective, which most investors tend to dismiss in favor of more numerically-driven calls.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs The thing is, he's got a point loyal owners of Facebook stock may want to at least entertain. What Wieser SaysWieser's been a FB critic for a while. As far back as 2017 he voiced concern that the advertising reach Facebook boasted of the United States' 18 to 24 year olds was mathematically impossible. Facebook said it had a potential 41 million individuals in this crowd, but the most recent U.S. census reports there were only 31 million people between those ages living in the U.S.Facebook responded, explaining "Reach estimations are based on a number of factors, including Facebook user behaviors, user demographics, location data from devices, and other factors. They are designed to estimate how many people in a given area are eligible to see an ad a business might run. They are not designed to match population or census estimates. We are always working to improve our estimates."While no demographic research is perfect, a ten-million-people overstatement is more than mere rounding error, and it underscores a point Wieser has made more than once. That is, per a note published in October, "the company is not as in control of its business as it needs to be."Wieser was specifically referencing a spate of issues that had then-recently surfaced, including accusations of deceptive video-ad metrics and new hints that a data-scraping outfit with Russian ties may have illicitly garnered user data. The bigger point remains the same though. That is, each question that's raised ultimately dents the social media platforms ability to sell ads.He's not changed his mind in the meantime either. In January of this year, Wieser voiced further concern that "the toxicity of the company may also deter commercial partners from choosing to work with Facebook, or otherwise make terms less attractive to Facebook." The Pivotal Research analyst believes that Amazon.com (NASDAQ:AMZN), of all outfits, could be in good position to swipe some of Facebook's ad share."Despite its current massive size," Wieser says, "we see Amazon's opportunities as mostly unconstrained based on a successful track record of capitalizing on consumer and IT department spending."Certainly Twitter (NYSE:TWTR) and Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) breadwinner Google could also capitalize on the crimped credibility of Facebook. PhilosophyThe challenge to Pivotal's point of view is two-fold. First, it lacks specifics and is more philosophical in nature. Second, if it's going to happen, it hasn't happened in earnest yet.Last quarter, Facebook's top line of $15.1 billion was up 26% from the year-earlier figure of just under 12.0 billion. Were it not for a $3.0 billion charge from legal expenses related to an FTC matter, operating income would have rolled in at $6.3 billion, up 12% from the year-earlier figure of $5.6 billion. The number of daily users reached another record of 1.562 billion, and the average revenue per user was up year-over-year from $5.53 per quarter to $6.42.Something has changed though. The company's cost of revenue grew to 19% of its total sales, moving to its highest rate for the past eight quarters.One quarter doesn't make a trend, but all trends start with one quarter's worth of data. If it's getting tougher to sell ad space, the company's 'cost of revenue' line is one place the shift would materialize first.And that's happening on the eve of another sweeping change that Facebook has been forced by societal pressure to make. Facebook is about to unveil a 'clear history' feature to its users that will effectively delete the valuable browsing data each of those members has created about themselves that's then sold to advertisers seeking highly-granulated information.Advertisers who may already be less-than-impressed with Facebook's platform will now have to settle for even less-specific user data, shoving Facebook into a corner Wieser has long feared the company would paint itself into by overly aggressive and misguided practices.Then there's growing governmental regulation. France is the latest nation to put Facebook's operation under the microscope, effectively writing Facbook's hate-speech policies for the company. More such rules are now sure to come, opening the door to heavy-handed government control no publishing platform truly wants to allow. Bottom Line for FB StockEven so, Wieser concedes that Facebook's problems are fixable. Whether the company is ready so or not remains in question.Case in point: To its credit, the social media outfit just raised the bar on what sort of streaming video content would be allowed on live streams following Facebook's part in airing March's mass shooting in New Zealand. The decision arguably comes too late though, confirming Wieser's take from October that concluded:"The underlying problem that we see is that the company has been so focused on growth at any cost that it has failed to sufficiently invest in processes that might anticipate problems, acknowledge problems fast enough or fix problems fast enough."Sloppiness and a lack of forethought are difficult habits for a corporation with its own culture to change. If Facebook doesn't, it's only a matter of time before that failure comes back to haunt the company. * 6 Chinese Stocks That Could Pop On a Trade Deal That could easily drag FB stock back to $120, even if the target isn't accompanied by supporting math.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy that Lost 10% Last Week * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs Compare Brokers The post Why Facebook Stock Could Fall to $120 appeared first on InvestorPlace.
The cry among politicians to "break up Facebook (NASDAQ:FB)" has been met by the owners of FB stock with a collective "meh."Source: Facebook Since the start of 2019, Facebook stock price is up 42%, adding over $100 billion to the market cap of FB stock, which stands at about $534 billion. FB stock sells for 28 times last year's earnings and nine times last year's revenue. * 6 Chinese Stocks That Could Pop On a Trade Deal This is true despite increasing calls to break up Facebook, or at least treat its services as a public utility. The latter call comes from Facebook's own senator, California Democrat Kamala Harris.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFacebook's vice president for corporate affairs, former British Deputy Prime Minister Nick Clegg, has become the public face of the company's opposition. He writes that a breakup "wouldn't fix what's wrong with social media." Sadly, he's right. The Thought PoliceFacebook and Alphabet (NASDAQ:GOOGL) became dominant on the globe's "free web," using their cash flow to build networks of cloud computers and fiber lines. Since the 2016 election, even Facebook has come to recognize the limits of this approach.But no one, not even Facebook co-founder Chris Hughes, whose New York Times screed calling for its breakup pushed the current debate into overdrive, has a clear plan for keeping what makes Facebook great while containing its potential harm.If the Facebook service is separated from FB's Instagram and Whatsapp services, that may just create three speech overlords, instead of one. Separating the cloud Facebook built from the services that fund it would create a dilemma about how to pay for the cloud network. Down with ChokepointsThe chokepoint for the world's regulators is the "last mile" of every internet transmission, the regulated wired and wireless networks that can be used to prevent a freedom fighter or a terrorist from marketing his ideas.That chokepoint, too, may be about to disappear. Facebook is in a race with Amazon.com (NASDAQ:AMZN), Tesla (NASDAQ:TSLA) founder Elon Musk's SpaceX, and venture-funded OneWeb to launch satellite networks aimed at giving remote villages fast internet access. Or, you might say, giving Abu Bakr al-Baghdadi the same web access that Donald Trump has. Public vs. Private RightsWhen the web was launched 25 years ago, internet activists liked to point out that the First Amendment "is just a local ordinance," arguing that the web would enable worldwide free speech.What Cambridge Analytica, and commercial imitators like Rankwave, which Facebook is going after in court, prove is that utopian visions can have dystopian results.Government can be repressive, but private companies can enable repression. Facebook's claim to allow free debate within arbitrary limits, is just as absurd as the contentions of Chinese President Xi Jinping's. The Bottom Line on FB stockFacebook is trying to square this circle by becoming a global common carrier, offering communication that's both private and ubiquitous.But common carriers are controlled by shareholders. Facebook and Google, with their dual share structures, are controlled entirely by their founders and would, in theory, be controlled by their founders' heirs, just as The New York Times (NYSE:NYT) is now on its fifth generation of Sulzbergers.What's clear is that there are no easy answers. One man's terrorist is another man's freedom fighter. One woman's scam artist is another woman's hard-working marketer.The hard questions that existed at the internet's birth have yet to be answered. A process for answering them must still be created. It will be imperfect, and it will cost money to administer, money that the free web may be unable to afford.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear, available now at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy that Lost 10% Last Week * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs Compare Brokers The post Facebook Stock Doesnat Take Threats Seriously appeared first on InvestorPlace.
FAANG names are a key part of the Nasdaq. The Equal Weight version of Nasdaq can lead. AMZN, AAPL and other unequal names will have a disproportionate drag on this down turn. We generally chart the regular ...
Facebook, plagued for the last several years by privacy scandals, is having a tougher time recruiting engineers and recent college graduates who are increasingly asking tough questions about the company’s values, according to a new report.
Walt Mossberg, Recode co-founder, joins "Squawk Alley" to discuss privacy concerns around Facebook and Facebook COO Sheryl Sandberg's interview on CNBC.
Roger McNamee, Elevation Partners co-founder, and Mark May, Citi senior internet analyst, join "Squawk Alley" to discuss comments made by Facebook COO Sheryl Sandberg to CNBC on data privacy and breaking up big tech firms.