|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||139.90 - 143.70|
|52 Week Range||121.29 - 158.00|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Following up on a recurring thread from Mark Zuckerberg's congressional
The European Union tightened its effort to rein in tech giants like Alphabet’s Google and Facebook, advancing several measures that aim to shape the way they operate in Europe.
Today's stock market rally was all about the stocks themselves: FANG, Jim Cramer told his Mad Money viewers Thursday. It was Facebook, an Action Alerts PLUS holding, that led the charge as shares popped 9% on strong growth and spending that was in line with analysts' expectations. Cramer said Facebook remains cheap at just 19 times next year's earnings.
Facebook Inc. is on the hunt for other Cambridge Analytica-sized data leaks, and the company warned Thursday that users and investors might not like what it finds.
Facebook didn't mention Cambridge Analytica by name in its filing, but clearly told investors that more such incidents will probably be discovered. Facebook's business is holding up just fine so far and the stock jumped more than 9 percent on Thursday after the company's results topped analysts' estimates. Buried on page 46 of Facebook's quarterly report , deep in the risk factors section, is an ominous warning to investors: Cambridge Analytica is probably not alone.
Jim Cramer says large-cap tech companies are behind Thursday's market rally. Facebook shares surged 9.1 percent after the company posted better-than-expected earnings and revenue for the first quarter. Amazon also posted better-than-expected earnings Thursday after the bell, up about 7 percent.
Uber Technologies Inc. will change the way it rewards security researchers for reporting flaws in Uber’s software, Reuters reported Thursday. The company last year revealed it paid $100,000 to a hacker who accessed 57 million user accounts, ostensibly as part of Uber’s bug bounty program. Inc. is using a new authentication process which requires anyone publishing a political advertisement to provide the company with the last four digits of their Social Security number, a government identification form and a residential mailing address, according to the Intercept.
Less than 24 hours after the earnings release late on Wednesday, roughly a quarter of the 45 analysts covering the stock had by Thursday raised their price targets, including at least five brokerages that cut their views after the Cambridge Analytica data scandal broke last month. Facebook's shares, meanwhile, surged 9.1 percent on Thursday to $174.16, their highest in a month. The stock still had nearly 6 percent to climb to erase all its losses related to the matter.