44.17 0.00 (0.00%)
After hours: 5:00PM EDT
|Bid||44.10 x 100|
|Ask||46.00 x 300|
|Day's Range||44.11 - 44.93|
|52 Week Range||26.93 - 48.40|
|PE Ratio (TTM)||25.24|
|Earnings Date||May 7, 2018 - May 11, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||47.13|
A federal judge in California ruled recently that Facebook (FB) must face a class-action lawsuit over claims that its facial recognition technology violated an Illinois law, the BBC reported. The company is accused of invading the privacy of its users by gathering and storing biometric data without their consent.
The discussion of where to hire employees "has shifted dramatically as costs continue to escalate,” Yelp CEO Jeremy Stoppelman said.
Sen. Scott Wiener is moving with other state laws that would force cities to allow more housing to be built.
Funding Choices, the publisher tool that Alphabet’s (GOOGL) Google launched last year as part of its initiative to tackle the threat of ad blocking, is rolling out to more countries. According to Google, Funding Choices is expanding to 31 additional countries starting in the third week of April 2018. Funding Choices is a tool that enables online publishers to have conversations with their site visitors about the consequences of deploying ad blockers, the pieces of software that people use to block ads from displaying on the sites they visit.
Social media giant Twitter (TWTR) has recently shown support for the US Senate’s proposed legislation requiring more transparency for running political advertising online. Twitter’s step toward making its platform more secure came after its peer Facebook (FB) became tangled in a data breach controversy.
Twitter (TWTR) currently captures less than 2% of the US digital advertising budget, which eMarketer estimates at $83 billion last year. A recent study by WhoSay shows that 70% of US marketers expect influencer marketing budgets to increase in 2018. Influencers are individuals who have a sway over a large group of potential buyers.
Facebook (FB) CEO Mark Zuckerberg recently survived a two-day grilling by US Congress. The European Union (or EU) remains unmoved by Zuckerberg’s repentant image and the measures his company is taking to protect users’ data. Recently, Zuckerberg was summoned to testify in front of the EU, according to CNBC.
Amazon (AMZN) has generated investor returns of -9.6% in the last month, 58.2% in the last 12 months, and 1.2% in the last five days. Over the last 12 months, peers eBay (EBAY), PayPal (PYPL), Yelp (YELP), and Yandex (YNDX) have returned 17.2%, 79.2%, 30.9%, and 56.8%, respectively.
The Facebook (FB) data harvesting scandal involving political consultancy Cambridge Analytica could create problems for Amazon (AMZN) and companies such as Alphabet’s (GOOGL) Google and Twitter (TWTR), which run data-hungry businesses. Calls for more regulation of Internet companies have intensified after it emerged that Cambridge Analytica obtained private information on more than 50 million Facebook subscribers and went on to use the information to develop a powerful software tool capable of influencing the way people vote in an election. Heavy regulations on how Internet companies gather and use data on their users could deal a blow to Facebook’s, Google’s, and Amazon’s advertising business.
Wary of the trouble Facebook Inc (NASDAQ:FB) finds itself in, Twitter Inc (NASDAQ:TWTR) is in a race against time to save the world from itself and not kill its service in the process. Whether Twitter stock can survive that kind of move remains to be seen. The shooting at Alphabet Inc.’s (NASDAQ:GOOGL) YouTube offices led to a host of fake news links and while the company is working hard to enforce comity, including publicizing its own rules for it, it’s not at all clear that a company built around influencer marketing can easily separate market influencers from political ones.
On April 6, 2018, Snap (SNAP) was trading 5.0% below its 100-day moving average. In comparison, Baidu (BIDU) was trading 9.2% below its 100-day moving average, Yelp (YELP) was trading 4.4% below its 100-day moving average, Groupon (GRPN) was trading 12.6% below its 100-day moving average, and Yandex (YNDX) was trading 6.5% above its 100-day moving average.
In its latest economic outlook report, Yelp (YELP) stated that Charleston, South Carolina, recorded the fastest increase in the number of local businesses in 4Q17. Local business growth was slowest in San Jose, California, with high rents cited as one of the city’s growth inhibitors. In addition to looking at local business growth, Yelp took a closer look at the health of the restaurant industry and revealed a number of notable shifts.
Back in August 2017, Yelp (YELP) disclosed a plan to set up an office in Washington, DC. It has made good on that promise, and DC is now home to Yelp’s sixth domestic office. Yelp already runs offices in San Francisco, Chicago, New York, and Arizona.
On March 19, Yelp (YELP) announced that it had completed the integration of GrubHub’s (GRUB) restaurant network onto its platform. The integration represented an expansion of the partnership between Yelp and GrubHub.