26.50 0.00 (0.00%)
After hours: 4:42PM EST
|Bid||25.60 x 1300|
|Ask||37.00 x 4000|
|Day's Range||25.78 - 26.59|
|52 Week Range||17.25 - 28.72|
|Beta (3Y Monthly)||0.47|
|PE Ratio (TTM)||205.43|
|Earnings Date||Feb 6, 2019 - Feb 11, 2019|
|Forward Dividend & Yield||0.16 (0.61%)|
|1y Target Est||28.20|
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.
"This is one of those situations where all publicity is good publicity," says CNBC's Jim Cramer on President Trumps frequent criticisms of The New York Times.
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.
- 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, ...
NEW YORK, Nov. 05, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
to battleground states in a bid to protect the Republican majority in the Senate, as record early voting suggests that Tuesday’s midterm elections will be a referendum on the president. With Republicans pessimistic about holding onto control of the House of Representatives, Mr Trump is holding rallies in states with key Senate races — Tennessee, Indiana and Missouri — and two in states with important races for governor — Georgia and Ohio. Huge early voting numbers in the US have underscored the political divisions sparked by Mr Trump.
Trump didn’t cause the “two Americans” phenomenon, but he’s certainly capitalised on it. One of the most telling figures I’ve seen recently, from the Cook Political Report, shows that Democratic candidates are a sure thing in areas within 20 minutes of a Whole Foods, which is where I frequently pay way too much for out of season berries (the checkout clerks at my local “Whole Paycheck” will often ask me if I really meant to spend $15.99 on that bag of cherries). Republicans, meanwhile, are likely to take any district with a Cracker Barrel.
President Donald Trump calls it the “failing New York Times,” but Thursday’s third-quarter earnings results suggest the opposite. Shares of the New York Times Co. (NYT)gained 6.1% after the company beat third-quarter earnings expectations, sending them sharply higher, particularly in premarket trades, and putting them on track for a 12-year high. Subscription revenue rose 4.5% to $257.7 million from $246.6 million a year ago, primarily driven by growth in subscriptions to the company’s digital-only offerings.
Companies including Coca-Cola and Pepsi-Co are trying to stop municipalities from taxing key foods and beverages, according to the New York Times. Voters in Washington and Oregon have been inundated with the advertisements from groups like Yes! To Affordable Groceries, which have already spent more than $25 million on the campaign. To bottle up the movement to tax certain foods and drinks, major beverage companies like Coca-Cola COKE and PepsiCo PEP are spending millions of dollars on commercials that push people to vote to prohibit local governments from slapping levies on those goods, The New York Times reported on Saturday .
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. - Goldman Sachs is facing one of the most significant ...
Hello from the FT’s New York bureau, where we’re all focused on next week’s midterm elections. Tuesday night will be the biggest in US politics since Donald Trump won the presidency in 2016 — and it’s looking more and more like a closely fought referendum on his first two years, taking in both turbulent politics and buoyant economic growth. As a Canadian living in America, what has struck me in the past few days of campaigning is the contested question of who gets to be a US citizen.