|Bid||0.00 x 800|
|Ask||38.89 x 4000|
|Day's Range||25.89 - 26.67|
|52 Week Range||17.50 - 28.72|
|Beta (3Y Monthly)||0.47|
|PE Ratio (TTM)||203.88|
|Earnings Date||Feb 6, 2019 - Feb 11, 2019|
|Forward Dividend & Yield||0.16 (0.61%)|
|1y Target Est||28.20|
If ever an ancien regime earned its place in history’s dustbin, it’s Britain’s ruling class. Although I’m watching Britain’s self-immolation from across the Atlantic, I confess to having some insight into its leading protagonists. Whether you study classics, PPE (philosophy, politics and economics), English, or history, these degrees can offer an intellectually rich introduction to worldly affairs.
Dominic Raab resigned as Brexit secretary in protest at the exit plan and Downing Street was on alert for the possible resignation of Michael Gove, environment secretary. In a sign of Mrs May’s weak position, Mr Gove refused to replace Mr Raab unless he was allowed to rip up the prime minister’s deal.
Sheryl Sandberg responded to a New York Times report that Facebook ignored and concealed the full extent of Russia's use of the social network to affect the 2016 U.S. election. "To suggest that we weren't interested in knowing the truth, or we wanted to hide what we knew, or that we tried to prevent investigations, is simply untrue," Sandberg wrote. The New York Times published an investigation on Wednesday that said Zuckerberg and Sandberg tried to deflect public scrutiny onto Facebook's competitors.
On Wednesday morning, Sheryl Sandberg, Facebook’s longtime second-in-command, posted her thanks to “everyone who uses Facebook to make the world a better, kinder, more compassionate place”. A New York Times investigation catalogued the social media group’s failures as it bungled its response to Russian interference on the platform — and painted a picture of Ms Sandberg as more interested in protecting her company than the country’s interests.
Hello from London, where it’s been an exciting few days in the FT newsroom. Theresa May secured a Brexit deal from Brussels, more than two years after the UK voted to leave the EU — and was immediately hit by multiple resignations from ministers protesting at the terms. At more than 500 pages long, it’s been likened to a Charles Dickens novel (though if you ask me Dickens would be a far more pleasurable read).
Just when you thought things couldn't get worse for Facebook, The New York Times has come out with a bombshell exposé of the company's tumultuous last two years. The paper says it spoke with more than 50 people, including current and former Facebook employees, who detailed the company's efforts to contain, deny and deflect negative stories that came its way. Facebook, what with its questionable "War Room" and all, seemed to be on the right path after apparently keeping things under control during the recent midterm elections in the US.
Facebook is facing calls to conduct an external investigation into its own lobbying and PR activities by an aide to billionaire George Soros. BuzzFeed reports that Michael Vachon, an advisor to the chairman at Soros Fund Management, made the call in a letter to friends and colleagues. The call follows an explosive investigation, published yesterday by the New York Times based on interviews with more than 50 sources on the company, which paints an ugly picture of how Facebook's leadership team responded to growing pressure over election interference, in the wake of the Kremlin ads scandal of 2016, including by engaging an external firm to lobby aggressively on its behalf.
Patrick Gaspard, president of Soros’s Open Society Foundations, said he was “shocked to learn” from the article published Thursday that Facebook had hired a company that allegedly tried to undermine criticism of Facebook’s handling of hate speech and Russian propaganda on its platform by tying it to the 88-year old philanthropist, who’s vilified by nationalists around the world for his advocacy of liberal causes. “It’s been disappointing to see how you have failed to monitor hate and misinformation on Facebook’s platform,” Gaspard wrote in an open letter to Sandberg Thursday, asking her for a meeting to discuss the issue.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Consumer Services sector is rising.
Facebook’s board and chief executive defended the company and its leadership over how the world’s largest social network handled Russian interference on its platform, including allegations it spread misinformation to discredit critics. Facebook would review all its relationships with outside lobbying groups, Mr Zuckerberg added. Facebook is under renewed scrutiny from politicians, advocacy groups and one of its own advertising customers following a New York Times article detailing how the company tried to contain fallout from revelations of Russian activity in the run-up to the 2016 US presidential election and a massive data leak to Cambridge Analytica, the data analytics company that worked with the Trump campaign.
The New York Times recently published a bruising Facebook report saying, among other things, that the social network knew about Russian interference well before it said, feared Trump supporters and lobbied against critics. The nature of the article stunned even jaded tech observers, but now Facebook has issued a point-by-point rebuttal. It denied that it knew about Russian activity as early as spring of 2016, prevented security chief Alex Stamos from looking into it and that it discouraged employees from using iPhones out of spite for Tim Cook's comments.
- Europe's top trade diplomat, Cecilia Malmstrom, is bracing for a trade war with the United States and said on Wednesday that the European Union was preparing to strike back if U.S. President Donald Trump followed through with his threat to impose tariffs on Europe's cars. - Uber Technologies Inc, the ride-hailing company said on Wednesday that it lost $1.07 billion in the third quarter, more than in the prior period and slightly less than in the same period a year ago, as it has invested heavily outside of its core business in areas such as bicycles, scooters and freight shipments. - UK Prime Minister Theresa May faced down hard-line critics Wednesday and won the support of a jittery and divided cabinet for a plan to quit the European Union, preserving her push to avert an economically damaging rupture with the bloc in March.
has cancelled its contract with Definers Public Affairs, a Republican-leaning communications consultancy that was accused of trying to smear the billionaire investor George Soros on Facebook’s behalf. The world’s largest social network said on Thursday that it ended its contract with Definers after The New York Times reported that the consultancy had suggested to reporters that there were financial connections between Mr Soros’ family and groups that make up the Freedom from Facebook coalition. Facebook said it did not pay Definers to write articles on its behalf or spread misinformation — but it did know that the company was encouraging reporters to look into the funding of Freedom from Facebook.
The New York Times Company (NYSE:NYT), which is in the media business, and is based in United States, received a lot of attention from a substantial price increase on the Read More...
Speaking in Singapore, where he’s attending a regional summit, Bolton said he hadn’t heard the recording himself. “The president has made it clear he wants to get to the bottom of this,” Bolton told reporters Tuesday.
It’s been a week of early starts and long nights (and some all-nighters) at the FT offices for those of us involved in covering the US midterm elections. Other than the shake-up in American politics, it’s been a week dominated by money-laundering scandals and yet more Brexit woes.
Billionaire Amazon AMZN founder Jeff Bezos bought The Washington Post. The Emerson Collective , a non-profit run by billionaire Laurene Powell Jobs (the widow of Steve Jobs , bought The Atlantic. "The New York Times is not for sale," Sulzberger told Recode's Kara Swisher .
Shares of the New York Times Company fell 5.3% on Tuesday after Barclays downgraded the media company to underweight from neutral, saying investors are putting too much weight on digital net additions. "Investors appear to have transitioned to a valuation framework based on digital net adds rather than earnings. We believe this valuation transition is too premature and could force suboptimal choices on management," wrote Barclays analysts, led by Kannan Venkateshwar. Venkateshwar also cut his price target for the Times to $18 from $20, a 32% downside from the current share price of $26.46. He compared the Times's digital growth to that of Spotify , saying: "Based on certain assumptions for print, we believe the digital business at present is being valued higher than Spotify despite digital revenue growth being a fraction of Spotify. Therefore, as much as we like the digital story and believe it is likely to continue scaling over the coming years, we believe the momentum in this stock has taken valuation to levels that will need a very different trend line for growth relative to the one the company is on." Shares of the Times have gained 43% in the year to date, while the S&P 500 has gained 2.8%.
Shares of New York Times tumble Tuesday after Barclays downgrades its rating of the media company to underweight from equal weight.
The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - After conducting a yearlong search for a second home, ...
The New York Times columnist Jim Stewart speaks on CNBC’s “Squawk on the Street” about his recent column on why Long Island City was the wrong choice for one of Amazon's second headquarters.
Yale management guru Jeffrey Sonnenfeld weighs in on the Facebook fallout from a bombshell New York Times investigation.