198.00 -0.36 (-0.18%)
After hours: 4:41PM EDT
|Bid||198.40 x 800|
|Ask||198.39 x 1300|
|Day's Range||198.13 - 202.33|
|52 Week Range||123.02 - 218.62|
|Beta (3Y Monthly)||1.30|
|PE Ratio (TTM)||29.44|
|Earnings Date||Jul 24, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||222.97|
Snap Inc. reports earnings on July 23 and new numbers from web analytics firm Similarweb show something to encourage investors.
The stock market pulled back for the week amid heavy earnings. Netflix dived, Microsoft rose, Facebook Libra faced critics. Some top stocks broke out.
Instagram could continue to be the 'little growth engine that could' for Facebook for a long time.
The $5 billion bomb the Federal Trade Commission is expected to drop on Facebook Inc. would seem to presage choppy waters for the social-media company, but investors hardly seem to care.
Comcast (CMCSA) shares popped after Goldman Sachs issued a positive note on the company recently. Goldman upgraded its rating for Comcast to "buy" from "hold."
After making headlines with its astonishing public debut without the help of bankers, Slack (WORK) seems to have lost steam in July.
US stock markets made an all-time high earlier this week. BlackRock CEO Larry Fink expects the markets to move even higher.
Investing.com -- Bitcoin fell slightly Friday and remained on track for a weekly loss with little positive catalysts to prompt buying.
FaceApp, the app that shows users aged pictures of themselves using artificial intelligence, has more than 80 million users all over the world and is currently the number one free app in both Apple Inc’s (NASDAQ: AAPL) iOS App Store and Alphabet Inc’s (NASDAQ: GOOG) (NASDAQ: GOOGL) Google Play Store, according to Business Insider. Senator Chuck Schumer (D-NY) sent a letter to the FBI and FTC on Wednesday calling for the agencies to investigate any potential national security and privacy risks posed by the app’s usage.
The social-media giant's headline risk 'is terrible' because of Libra, but Facebook's business is still fundamentally strong, Jim Cramer says.
Slack primarily makes money selling annual or monthly subscriptions to large organizations. Slack says its product helps increase collaboration, transparency, and organizational agility. Apart from providing a chat room for office teams, Slack has become more of an operating system for the workplace. Just like Facebook is the foundation for many consumer logins, Slack’s chat interface has the potential to be the basis for digital services and apps used at work.
It's rare to find bipartisanship in today's polarized environment in Washington DC. But there is one issue that seems to unite the factions: the distrust of Facebook (NASDAQ:FB), and that's not good news for Facebook stock.Source: Shutterstock That's ironic. Keep in mind that FB continues to be quite popular with its users. The company has also been aggressive when it comes to hiring and providing juicy salaries. In the first quarter, its headcount grew by 36% on a year-over-year basis to 37,773. * 10 Tech Stocks That Are Still Worth Your Time (And Money) But such things don't really matter much. Over the years, FB has been careless with users' data and privacy. And this has impacted views on FB within DC. After all, the company recently agreed to a $5 billion settlement with the Federal Trade Commission regarding its privacy practices.InvestorPlace - Stock Market News, Stock Advice & Trading TipsYet this week's testimony regarding FB's planned launch of the Libra cryptocurrency -- which has the backing of Visa (NYSE:V), MasterCard (NYSE:MA) and PayPal (NASDAQ:PYPL) -- is perhaps the most interesting evidence of the distrust towards FB from Washington.Here's what Democrat Congressman,Brad Sherman had to say: "The most innovative thing that happened this century is when Osama bin Laden came up with the innovative idea of flying two airplanes into towers. That's the most consequential innovation, although this may do more to endanger America than even that."Yikes! Oh, and he referred to CEO Mark Zuckerberg as "Zuckbucks."In the meantime, there was criticism from the other side of the aisle. For example, Federal Reserve Chairman Jerome Powell, Treasury Secretary Steven Mnuchin and President Trump have expressed concerns about Libra. FB Stock and LibraDavid Marcus, who heads up the Libra project for FB, tried his best to handle the questions. He was actually fairly reasonable and understanding. Keep in mind that Marcus said that the cryptocurrency would not be a vehicle for trading or for banking services. He added that it would also have a great deal of transparency, helping to reduce its use in illicit activities.According to InvestorPlace.com columnist Dana Blankenhorn: "The difference is that, while banks today have to police compliance at the teller's window, so to speak, Libra will make its blockchain available to police. Facebook will control neither the network, the currency, nor the reserve backing it. Its Calibra subsidiary will just be running digital wallets."Marcus also mentioned that FB would not move forward with Libra until regulators are satisfied with it. In other words, he did demonstrate some finesse.It's difficult to predict what may ultimately happen to Libra. But given the pushback in Congress, I think the future of Libra does look dicey. Interestingly enough, the value of bitcoin has plunged recently, going from $13,000 to $9,800. The decline indicates that investors are skeptical about Libra's future. The Bottom Line on Facebook StockThe success or failure of Libra probably does not mean a lot to FB and FB stock. Rather, the hearings point to the ominous fact that FB does face serious political headwinds.FB's current problems with Washington look similar to those of Microsoft (NASDAQ:MSFT) back in the 1990s, when the company came under pressure from antitrust regulators. In fact, the parallels are eerie. Both Bill Gates and Zuckerberg started their technology companies while at Harvard and subsequently cashed in on huge opportunities. Essentially, they ruthlessly created extremely powerful platforms and ecosystems which would be nearly impossible to destroy.MSFT become an easy target. There were many companies that wanted to take it down to even the tech playing field. As a result, MSFT had to focus more and more time and resources on battling regulators. This ultimately led to the company losing its momentum and dominance, until the past couple years.I could easily envision FB suffering a similar fate. The company has become a convenient punching bag - and for good reason.I'm not implying that things will suddenly come undone for FB. For the most part, the company appears to be running on all cylinders. But in the years to come, it would not be surprising to see FB face more problems, making it tougher to be bullish about the long-term outlook of FB stock.Tom Taulli is the author of the upcoming book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post Facebook Stock Looks Poised to Face Tough Regulatory Headwinds appeared first on InvestorPlace.
Mark Zuckerberg has certainly been a polarizing figure over the last decade. The simplicity of the idea behind Facebook made it accessible to a vast portion of the population, giving this company power over an enormous amount of personal data. According to Forbes real time net worth tracker, Mark Zuckerberg is worth $76 billion as of July 19, 2019.
TE Connectivity's (TEL) industrial and communications solutions portfolio is likely to aid fiscal Q3 results. Yet, weak market conditions in China & softness in European Auto may mar top-line growth.
Cash App is free to download, and its core functions free to use. So how does this app, which has been downloaded more often than Venmo, make money?
From a tale of a school rabbit to reflections on humans’ place in a future world ruled by AI — here is a taste of the best books of the week. Some of the best-informed observers of Russia have just published books that examine the condition and nature of the world’s geographically largest state.
(Bloomberg) -- Sure, I like privacy in the abstract. But I’m applying for an apartment in New York City, and I just sent out my only slightly redacted W-2, credit history and screenshots of my bank account to several people just because they said they’re real estate brokers.So I cannot judge the thousands of Americans who sent in a picture of themselves to a Russian-made smartphone application that they hadn’t heard of the day before. FaceApp is a viral app that allows people to create startlingly realistic images of themselves as seniors or as children. And this week, it incited a panic as reports emerged that people using the app were sending their images to a little-known Russian company for doctoring.The scandal is not surprising. Whether it’s a hip thing like FaceApp (literally all it does is age you)—or the age-old torture of applying for an urban apartment—it doesn’t take much to get any of us to hand over our data.I have no idea whether people should be wary of FaceApp in particular. Security researchers have found no evidence that it sucks up all your photos or does anything similarly nefarious. The company said it deletes most images within 48 hours and that it will remove user data upon request.The fact that it’s Russian isn’t enough to discredit it. But Democratic Senate Minority Leader Chuck Schumer has called for an FBI investigation. And if we were living in a movie, the all-powerful facial recognition machine that brings humanity to its knees would certainly be built on the back of viral human vanity.It’s interesting to look at the FaceApp panic in the context of the broader privacy conversation around Silicon Valley’s tech giants. At Facebook Inc., the company has argued that its size is part of the reason it’s able to safeguard user data better than smaller, less controllable competitors. And compared to any random app, I’m sure Facebook is fairly responsible. (Listen to this podcast for a compelling argument that the whole Cambridge Analytica scandal might have been kind of overblown.)Facebook’s opponents argue that by breaking it up, its various pieces and their competitors would be forced to compete by offering superior privacy protections. But with so many people so willing to trade their data for convenience (or a discount, or an apartment, or a face filter), the invisible hand of the market probably won’t protect us from tech overreach.The most obvious answer is privacy regulation. This is why we elect leaders to create a regulatory state to watch out for us. I’m not particularly interested in investigating the factory farm that pumps out the eggs that I buy. That’s why I rely on the Food and Drug Administration to keep an eye on things.But in the absence of strong government oversight in the internet world, we’ve had to rely on app stores and other log-in tools to protect us. That has some mixed results. And it means the gatekeepers—Apple Inc., Google and Facebook, in particular—know a ton about us.I’m sure some privacy-minded people will object to this sort of defeatism. Yes, people can take some responsibility for their privacy. As in, maybe do some background googling before downloading an app from a company that you’ve never heard of? But more likely, people will just embrace the post-privacy dystopia. If regulators won’t police the most obvious targets, Apple, Google and Facebook (which has even called for regulations!), I guess the Russians can enjoy looking at our smiling, naïve faces.This article also ran in Bloomberg Technology’s Fully Charged newsletter. Sign up here.And here’s what you need to know in global technology newsWeWork's CEO reaps cash riches without IPO. Adam Neumann has sold $700 million through sales and loans, the Wall Street Journal reports.Trade wars aren't all bad. The markets seem to think that South Korean chipmakers stand to benefit.Grindr struggles under new management. The president of the gay dating app once said "holy matrimony" should be between a man and a woman. BuzzFeed dug into the company's challenges.Worried about making enough money? Getting that dream job? Take a moment to try the Bloomberg Work Wise career calculator and learn how your salary stacks up, and how much your dream job might pay.To contact the author of this story: Eric Newcomer in New York at email@example.comTo contact the editor responsible for this story: Anne VanderMey at firstname.lastname@example.orgFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.