|Bid||7.15 x 21500|
|Ask||7.16 x 4000|
|Day's Range||7.07 - 7.47|
|52 Week Range||6.46 - 21.22|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 25, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||10.75|
A number of studies have shown that people turn to social media for news, and of all of the social networks out there, Facebook consistently leads the pack in this regard. In a survey of 5,844 college students from 11 US institutions, 89 percent said they got at least some of their news from social media over the previous week.
As Twitter (TWTR) reports its third-quarter results, Japan is on many investors’ radars. The country has become a prominent market for the company and presents an attractive digital advertising market opportunity. Twitter is poised to close 2018 with 34 million monthly users in Japan, which is equivalent to 63.3% of all social network users in the country, according to eMarketer.
Twitter (TWTR) is scheduled to report its third-quarter results on October 25. Twitter’s revenue fell 4.3% YoY in the comparable period last year. Twitter has posted profits in the past three consecutive quarters supported by a combination of revenue growth and cost controls.
Facebook (FB) recently appointed Adam Mosseri to run its Instagram subsidiary. Mosseri is a longtime Facebook executive who began as a product designer at Facebook’s namesake social network in 2008. He was leading Facebook’s newsfeed team before he moved over to Instagram as its product leader, where he worked alongside Instagram founders and executives Kevin Systrom and Mike Krieger.
Earlier this month, Facebook (FB) hosted the first global summit for its Workplace product. Launched two years ago, Workplace is a collaborative platform designed for corporate environments. It supports instant messaging between colleagues, group communication, and social networking within an organization.
Alphabet’s (GOOGL) Google recently disclosed that it had found a security flaw that may have exposed the personal data of as many as 500,000 users of its Google+ social network. Google+ was introduced in 2011 as a competitor to Facebook (FB). In an attempt to tighten the security of its products, Google announced a wide range of changes after revealing the security glitch.
The disappearance of a Saudi journalist has put leaders in Silicon Valley and beyond in an uncomfortable spot. Uber Technologies CEO Dara Khosrowshahi and Sam Altman, president of the investment group Y Combinator, are among the tech leaders that have backed away from Saudi engagements amid allegations that Jamal Khashoggi, a Washington Post columnist and high-profile critic of the Saudi government, was murdered inside the Saudi consulate in Istanbul, Turkey earlier this month.
As Snap (NYSE:SNAP) continues to struggle against its larger social media peers, Snap stock looks uglier all the time. The parent company of Snapchat has attracted a large user base and a following among the young. Some critics argue that it does not matter that Facebook (NASDAQ:FB) copies its features.
Twitter (NYSE:TWTR) finds itself plagued by struggles to grow its user base as the company figures out how to monetize its site. Twitter stock has fallen by close to 45% since its last earnings report. The Twitter stock price has seen a slow, steady decline since it fell sharply following its July earnings report.
A quarter ago, Facebook (NASDAQ:FB) warned its investors that the future may not look as bright as the past. Namely, between a dented reputation, market saturation and improving competition from the likes of Snap (NYSE:SNAP) and Twitter (NYSE:TWTR), its revenue growth pace was poised to slump and margins were apt to shrink. Facebook stock immediately plunged 20% and is now 30% below the pre-warning price.
It's 8:00 PM on Friday night and you're home alone and already drunk. Oh, is that just me? Well no matter. Snapchat has made lenses for your cat now. Yes, that's right. Your cat! This is what the internet is made for, friends.