FB - Facebook, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
+0.37 (+0.17%)
At close: 4:00PM EST
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Previous Close221.77
Bid222.05 x 800
Ask222.14 x 800
Day's Range220.53 - 222.29
52 Week Range142.52 - 222.63
Avg. Volume13,700,482
Market Cap633.488B
Beta (5Y Monthly)1.06
PE Ratio (TTM)35.51
EPS (TTM)6.26
Earnings DateJan 28, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est243.51
  • Instagram drops IGTV button, but only 1% downloaded the app

    Instagram drops IGTV button, but only 1% downloaded the app

    At most, 7 million of Instagram's 1 billion-plus users have downloaded its standalone IGTV app in the 18 months since launch. For reference, TikTok received 1.15 billion downloads in the same period since IGTV launched in June 2018. In just the US, TikTok received 80.5 million downloads compared to IGTV's 1.1 million since then, according to research commissioned by TechCrunch from Sensor Tower.

  • Why Beyoncé’s Ivy Park launch could boost Adidas more than Kanye West did with Yeezy's
    Yahoo Finance

    Why Beyoncé’s Ivy Park launch could boost Adidas more than Kanye West did with Yeezy's

    The relaunch of Beyoncé’s athleisure brand with Adidas is finally here.

  • Barrons.com

    Big Buys of Intel, AT&T, and Facebook Stock by Norway’s Biggest Bank

    DnB nearly tripled its investment in Intel stock in the fourth quarter. The bank also sold nearly half of its stake in AMD stock.

  • Financial Times

    Facebook apologises after Xi Jinping name translated as an obscenity

    Facebook has been forced to apologise after a “technical issue” caused Chinese president Xi Jinping’s name to be rendered as an obscenity in Burmese-to-English translations. On Saturday the Chinese president’s name appeared as “Mr Shithole” in translations from Myanmar’s main language into English, including on the Facebook pages of news website The Irrawaddy and Ms Aung San Suu Kyi’s office. “Mr Shithole, President of China arrives at 4pm,” one of the posts read when translated into English.

  • 10 tips for retirees who want to start their own business

    10 tips for retirees who want to start their own business

    After more than two decades as a top corporate lawyer and lobbyist, she took a golden parachute retirement package from her position as vice president of external affairs and policy at Consolidated Natural Gas. Build your network.

  • Barrons.com

    Wall Street Views on Facebook, XPO, CarGurus, Boeing, and Others

    RESEARCH REPORTS These reports, excerpted and edited by Barron’s, were issued recently by investment and research firms. The reports are a sampling of analysts’ thinking; they should not be considered the views or recommendations of Barron’s.

  • Barrons.com

    Casper’s IPO Tells You Everything You Need to Know About Tech’s Promise and Its Troubles

    The mattress industry, long known for its commodity products and ruthless competition, isn’t typically fodder for a Tech Trader column. Witness the rise of Casper Sleep, a mattress start-up valued at just over $1 billion in the private market.

  • Google Joins The Trillion-Dollar Club: Who's Next?

    Google Joins The Trillion-Dollar Club: Who's Next?

    Google Joins The Trillion-Dollar Club: Who's Next?

  • Tech Daily: GOOGL, AMZN, AAPL, TSM, FB, MSFT

    Tech Daily: GOOGL, AMZN, AAPL, TSM, FB, MSFT

    Alphabet's trillion dollar valuation, Amazon's India troubles and TSM's upbeat earnings announcement are the top stories in this daily.

  • Which Stocks are in the $1 Trillion Club?

    Which Stocks are in the $1 Trillion Club?

    The $1 Trillion Valuation Club is one of the most exclusive groups on Wall Street, and it just added its newest member.

  • Buy Google parent Alphabet Stock at its New $1 Trillion Market Cap?

    Buy Google parent Alphabet Stock at its New $1 Trillion Market Cap?

    Shares of Google parent Alphabet Inc. (GOOGL) have jumped 9% in 2020 to help it ascend into the $1 trillion market cap club. Is it time to buy?

  • Biden Calls for Repeal of Law that Shields Internet Giants From Liability

    Biden Calls for Repeal of Law that Shields Internet Giants From Liability

    (Bloomberg) -- Democratic presidential candidate Joe Biden called for the repeal of Section 230, part of a U.S. law that protects internet companies from liability for content their users post online.In an interview with the New York Times editorial board, Biden said companies should be responsible for libel on their platforms. The former vice president focused his ire on Facebook Inc., the largest social-media company, and Chief Executive Officer Mark Zuckerberg.Section 230, a provision of the Communications Decency Act passed in 1996, “should be revoked, immediately,” Biden said.The rule has allowed internet giants to take a hands-off approach to content on their sites, but has also spurred free expression online. Overturning Section 230 could make internet companies far more cautious about what they let users write on their platforms. Smaller websites could be hurt the most.Read more: The 26 Words That Helped Make the Internet a MessTechnology companies have lobbied to protect Section 230, but there have been successful efforts to weaken it already. Congress passed a sex trafficking law in 2018 that chipped away some of the protections.Biden’s remarks to the New York Times, published Friday, came as part of the newspaper’s presidential endorsement process. He focused particularly on Facebook. “It is propagating falsehoods they know to be false,“ Biden said. “You guys still have editors. I’m sitting with them. Not a joke. There is no editorial impact at all on Facebook. None. None whatsoever. It’s irresponsible.”“I’ve never been a fan of Facebook, as you probably know,” Biden added. “I’ve never been a big Zuckerberg fan. I think he’s a real problem.”Other Democratic presidential candidates have expressed concern about Section 230. At tech industry conference SXSW, Amy Klobuchar said, “It is something else that we should definitely look at as we look at how we can create more accountability.”Biden also said the U.S. should embrace some privacy protections like those in Europe, where citizens have more rights to remove negative content about them posted online.To contact the reporter on this story: Eric Newcomer in San Francisco at enewcomer@bloomberg.netTo contact the editors responsible for this story: Mark Milian at mmilian@bloomberg.net, Alistair Barr, Andrew PollackFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Amazon Is Left Out of Mega-Cap Tech Surge to Records

    Amazon Is Left Out of Mega-Cap Tech Surge to Records

    (Bloomberg) -- Major technology and internet companies have long fueled the U.S. stock market’s climb to record levels, but that trend has come with one notable exception: Amazon.com Inc., which has languished in a fairly narrow trading range for months.Amazon shares haven’t notched an all-time high since September 2018, in contrast to mega-cap peers like Apple, Microsoft, Alphabet and Facebook, which have been hitting records on a near-daily basis. Many of these names experienced pronounced draw-downs over the past year and a half, mostly due to disappointing earnings reports or outlooks. But they regained their momentum last year, as their growth assuaged investor caution. Amazon, however, remains about 8.5% below its own peak.Because of its long-term prospects, Amazon is about as close as a stock can be to a consensus choice among Wall Street firms. Over the near term, though, it is “the most hotly debated among investors” as “debates persist on both AWS and next day shipping efforts,” according to UBS analyst Eric Sheridan, referring to its Amazon Web Services cloud-computing business.Since the start of 2019, Amazon shares are up about 24%, below the 32% rise of the S&P 500, as well as the much larger gains seen in other bellwethers. Microsoft and Facebook are both up more than 60% since the start of last year, while Apple has doubled. The rally resulted in trillion-dollar valuations for Apple, Microsoft and Google-parent Alphabet, a milestone that Amazon briefly eclipsed in 2018.The underperformance reflects concerns over Amazon’s earnings trends, even as it has continued to grow revenue at a double-digit clip. Major investments into initiatives like one-day shipping are seen as headwinds, and shares “may be range bound ‘tactically’” given the impact of this spending, Morgan Stanley wrote on Thursday. The firm added that “near-term profitability is likely to still disappoint” because of these investments, even as it sees the effect as temporary and one-day shipping deepening Amazon’s competitive moat within e-commerce.Another key issue is the waning dominance of Amazon Web Services, which has long been a major driver for earnings and margins, but has faced growing competition from rivals like Alphabet and especially Microsoft. According to Bloomberg Intelligence, which cited IDC data, Amazon Web Services was 12 times larger than Microsoft’s cloud business in 2014. By 2018, the most recent year for which data is available, it was just four times larger.James Bach, an analyst at Bloomberg Intelligence, wrote that Amazon was particularly facing “stiffer competition” with government contracts. “Microsoft’s extensive sales experience, installed base within U.S. agencies and broad range of edge-computing products all make a compelling offering,” he wrote. Microsoft is “uniquely positioned to claim market share as federal agencies upgrade and secure IT systems.”In October, Microsoft beat out Amazon for a $10 billion Pentagon cloud contract, a deal Amazon had been seen as the favorite to win. The company subsequently claimed it lost the contract because of political interference by President Donald Trump, and filed a lawsuit challenging its validity.Amazon earlier this week named a new sales chief for AWS. Deutsche Bank wrote that the “magnitude of personnel changes” at AWS, along with rising competition, underscored the “increased risk of further deceleration” at the business.Separately, Morgan Stanley this week wrote that a quarterly survey of chief investment officers suggested some cause for caution about AWS growth. “Quarterly survey results can be volatile, but AWS saw a notable [quarter-over-quarter] drop in net expected budget share gains” over the next three years, analyst Brian Nowak wrote. “It will be important to continue to monitor these metrics going forward as we think about AWS forward growth.”Amazon is expected to report fourth-quarter results later this month. According to data compiled by Bloomberg, Wall Street is looking for revenue growth of nearly 19% and expecting net income to fall by nearly a third. AWS revenue is seen growing more than 30% on a year-over-year basis, according to a Bloomberg MODL estimate.Wall Street remains almost unanimously positive on the stock. According to data compiled by Bloomberg, 53 firms recommend buying the stock, compared with the four with a hold rating. None advocate selling the shares.To contact the reporter on this story: Ryan Vlastelica in New York at rvlastelica1@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Steven Fromm, Janet FreundFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Barrons.com

    A Former Peacock Skeptic Is Warming to NBC’s Streaming Plan

    NBC’s streaming entry is cheap enough to compete with Disney and Netflix, with enough free content to compare well with ViacomCBS. Good news for Comcast.

  • Is Alphabet Over-Hyped at the Trillion-Dollar Mark?

    Is Alphabet Over-Hyped at the Trillion-Dollar Mark?

    Last year ended on a great note, which was the exact opposite of how 2018 finished. The sentiment last year was at an extreme high going into Christmas, so equity markets finally broke out into their own new all-time highs. Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) rode the way and GOOGL stock has been setting highs this week. In fact, today it's making headlines as it joins Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT) into the trillion dollar market capitalization club.Source: Benny Marty / Shutterstock.com The good news is that there is no imminent sign of a giant bubble. But from these levels, stocks like GOOGL are not at an obvious entry point. This by no means is an invitation to short them, especially not going into earnings. First of all, we do not know what the companies are going to report, and more importantly, we cannot forecast how traders will react.It's more about expectations than quality of results.InvestorPlace - Stock Market News, Stock Advice & Trading TipsI'm a big fan of Google, so I tend to lean bullish most times. I have been recommending it as a long all of last year, even against Wall Street consensus. Now that we are at my upside targets, I believe that there will be better entry points than current levels. If I've been long GOOGL stock, this is a time I lock in some profits just to be safe.The options markets offer me ways where I don't necessarily need to sell my shares. I can hedge my longs by selling covered calls and generate some income while I wait. Or I can temporarily protect my stock by buying puts. There are hundreds of ways investors can protect profits at all-time high levels. * 7 Earnings Reports to Watch Next Week Beware of the Competition to GOOGL StockThe only serious threat to the long-term viability of the Alphabet income statement perhaps comes from Facebook (NASDAQ:FB). The reach of Facebook's marketing machine is massive and the advertisers are getting results. So I can imagine it will severely impact Alphabet's bottom line in the long-term. Hopefully the company's management is doing all the right things to offset this. But so far leadership there has been lackluster. Maybe the most recent changes in the c-suite will cultivate a better impression in the next few quarters. Until then, I remain skeptical of their overall corporate strategy.The equity markets are as bullish as they've ever been and we're going into an election year. So the incumbent government will do all it can to prop up the prices.Case in point, this week's signing of phase 1 of the U.S.-China deal looks like an award show for movie stars. Don't get me wrong, I was in favor of the economic war as a necessary evil, and I welcome the deal with open arms, but I think the benefit of this week's step is over hyped. It's not in the actual terms that are bullish but more so the stoppage of the fighting. That was one gigantic risk that held investors back in 2019. The Experts Are Too BullishSource: Charts by TradingView * 10 Monthly Dividend Stocks to Buy to Pay the Bills But now the rhetoric in the media has swung to the other extreme. We now hear experts express their opinions that there are absolutely no risks out there to break this bullish thesis. It sounds like reckless behavior and that's when accidents happen. I am not flipping bearish yet, but the trader in me says this is where I book profits and wait for the dip to buy it. This applies to the markets in general and Alphabet.Short term, $1,360 and $1,330 are two necklines that stick out. GOOGL stock used them as spring board for mini rallies. So it's only natural we retest them for footing.For a slightly long-term pivot, $1,270 is the line to watch. It has been in contention since July 2018. Clearly investors care about it and they will most likely revisit it one more time in the next few months. While this is not an imminent forecast, it is definitely a viable scenario, especially from this altitude.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room for free here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The Top 5 Dow Jones Stocks to Buy for 2020 * 7 Fintech ETFs to Buy Now for Fabulous Financial Exposure * 3 Tech Stocks to Play Ahead of Earnings The post Is Alphabet Over-Hyped at the Trillion-Dollar Mark? appeared first on InvestorPlace.

  • Benzinga

    Facebook Reportedly Decides Against Placing Ads On WhatsApp

    Facebook, Inc. (NASDAQ: FB) executives will return to the drawing board to search for new ways to monetize WhatsApp after scrapping plans to sell ads on the chat platform, The Wall Street Journal reported Thursday. Facebook acquired WhatsApp in 2014, and investors have been wondering since then how the company would monetize the platform used by more than 1.5 billion people. Facebook is scrapping all plans to introduce ads on WhatsApp, the Journal reported Thursday, citing people familiar with the matter.

  • Benzinga

    'Error' Temporarily Allowed Ads To Target Sensitive Terms On Twitter

    Twitter Inc (NYSE: TWTR ) has admitted that it temporarily allowed ad targeting with sensitive terms such as "neo-Nazi," “white supremacist” and “anti-gay,” according The Verge . BBC Tests Keywords ...

  • San Francisco 49ers hope to score big with digital dashboard of fan data

    San Francisco 49ers hope to score big with digital dashboard of fan data

    Built on top of data collected by SAP analytics cloud and resembling an air-traffic control room, the team’s Executive Huddle service is housed in a suite at Levi’s amid popcorn, drinks, and assorted snacks.

  • Amazon’s Snooping on Alexa Chats Spurs EU Privacy Response

    Amazon’s Snooping on Alexa Chats Spurs EU Privacy Response

    (Bloomberg) -- European Union privacy watchdogs are gearing up to police digital assistants after revelations that Amazon.com Inc. workers listened in on people’s conversations with their Alexa digital assistants.Bloomberg first reported in April that Amazon had a team of thousands of workers around the world listening to Alexa audio requests with the goal of improving the software.Similar issues have been raised over Google and Apple Inc.’s digital assistants, triggering privacy fears across the world, as intimate conversations in some users’ homes were laid bare to technicians fine-tuning the technology.EU regulators are now working on a common approach on how to police the technology, said Tine Larsen, head of the data protection authority in Luxembourg, where the U.S. retail giant has its European base and employs a staff of more than 2,000.“Because it’s a question of principle, the members of the EDPB should work out a common position in line with the consistency mechanism to apply data protection rules in a harmonized way for this type of treatment,” she said, referring to a panel of regulators from across the 28-nation EU.The revelations of the snooping into people’s homes came after regulators across Europe were handed beefed-up powers with its General Data Protection Regulation in May 2018, including the right to levy fines of as much as 4% of a company’s global annual sales for the most serious violations. But the move toward common guidelines for digital assistants means companies should avoid fines -- for now.Larsen’s comments echo those of Helen Dixon, head of the Irish watchdog, responsible for overseeing the likes of Apple and Google.She told Bloomberg in November that the regulator first has to “bottom out fully on whether it’s true” when companies say they need to do transcripts of people’s interactions with the assistants. That’s why a focus will be first on coming up with guidelines, instead of investigations or inquiries, she said.Amazon said in a statement that “to help improve Alexa, we manually review and annotate a small fraction of 1% of Alexa requests” and that “access to data annotation tools is only granted to a limited number of employees who require them to improve the service.”EU regulators are working on a common position on the privacy issues surrounding voice assistant systems, said Johannes Caspar, head of the watchdog in Hamburg, Germany. “We urgently need common and reliable industry standards on this to better regulate” privacy protections, he said in an email.Caspar’s office initiated a number of probes into the issue, including one into Facebook over audio transcriptions from its Messenger users, he said. The questions his office has asked of Facebook have been discussed within the EDPB, the EU body of national regulators. The plan is to use the results to have a more coordinated approach by all European regulators affected by the issue, he said.Europe Mulls New Tougher Rules for Artificial IntelligenceThe U.K., which is set to leave the EU at the end of the month, will soon publish the results of a consultation into security features for smart speakers and other connected devices, with proposals for mandatory industry requirements that could lead to potential new regulation, U.K. Digital Secretary Nicky Morgan told Bloomberg Wednesday.Siri ChangesApple, whose Siri virtual assistant is embedded in its operating phone and desktop computer operating systems, pointed to an August blog post about the issue.“We know that customers have been concerned by recent reports of people listening to audio Siri recordings as part of our Siri quality evaluation process — which we call grading,” it said. “We heard their concerns, immediately suspended human grading of Siri requests and began a thorough review of our practices and policies. We’ve decided to make some changes to Siri as a result.”Google, which offers similar technology, referred to its September announcement that it would add new security protections to the way its workers listen to audio snippets, meant to help improve the product’s quality.In a blog post in September, Google said it would tell users that their audio may be listened to if they opt in to a feature that also improves audio quality. “We believe in putting you in control of your data, and we always work to keep it safe. We’re committed to being transparent about how our settings work so you can decide what works best for you,” the company said.While Amazon is escaping penalties over Alexa, Luxembourg, which is the company’s main privacy watchdog in Europe, is probing the company for other potential breaches.This follows complaints from activists that the online retailer is illegally tracking and profiling internet users without their permission, as well as not providing full access to users’ data.Amazon ‘Cooperating’The company says it’s “cooperating” with the authority, “which is at an advanced stage of its fact finding,” according to an emailed statement. The data commission declined to comment on any probes, citing local rules.French privacy activists La Quadrature du Net, filed one of the complaints on behalf of more than 10,000 customers. They urge regulators to crack down on “behavioral analysis and targeted advertising” by Amazon and levy a fine that is “as high as possible” due to the “massive, lasting and manifestly deliberate nature” of the alleged violations without the consent of its users.None of Your Business (Noyb), a group created by Austrian activist Max Schrems, followed up with a separate complaint last January over data access concerns, accusing Amazon of violating EU law by not handing over all personal data requested by a user of its Amazon Prime service.Arthur Messaud, a lawyer with La Quadrature du Net, and Schrems said they’d had no updates from the Luxembourg regulator, which is bound by strict secrecy provisions under national law, meaning it can’t reveal details until after any fines have been levies and all avenues of appeal have been exhausted.(Updates with Google response from 15th paragraph)\--With assistance from Natalia Drozdiak.To contact the reporter on this story: Stephanie Bodoni in Luxembourg at sbodoni@bloomberg.netTo contact the editors responsible for this story: Anthony Aarons at aaarons@bloomberg.net, Peter Chapman, Giles TurnerFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • TheStreet.com

    Facebook Might Be Taking Its Cautious Approach to Monetizing WhatsApp Too Far

    Though Facebook has seen tremendous success monetizing Instagram Stories, it's reportedly icing plans to run ads against WhatsApp's popular Status stories service.

  • MarketWatch

    Pinterest stock rallies again after Wells Fargo upgrade

    Shares of Pinterest Inc. have had a strong week, rising 17% over the past three trading sessions, and the rally looks poised to continue after an upgrade to overweight from equal weight by Wells Fargo analyst Brian Fitzgerald. The stock is up more than 4% in premarket trading Friday. "Shares have materially underperformed the broader market since the company's April 2019 IPO, despite our view that the company's fundamentals remain on solid footing, as Pinterest has delivered generally solid results, handily exceeding pre-IPO targets with healthy audience and engagement growth, strong revenue growth and solid progress toward profitability," he wrote. He sees several catalysts down the road, including greater engagement stemming from more video on the platform, improvements in monetization on the heels of ad-tech upgrades, and better international monetization as the company invests in an overseas sales force. Fitzgerald said that Pinterest's average revenue per user in the U.S. was 22.5 times what it was internationally in the third quarter, compared to 3.6 times for Snap Inc. , 4.6 times for Twitter Inc. , and 6.9 times for Facebook Inc. . He upped his price target to $30 from $28. Pinterest shares have risen 26% over the past month, but they're off 12% over three months. The S&P 500 has climbed 4% over one month and 11% over three.

  • Financial Times

    Best books of the week

    Since 2016’s votes for Trump and Brexit, much effort has been expended to explain populism; this week’s essay focuses on a more sympathetic view of its supporters, arguing that they’re not necessarily racist . Contemporary America also features in a swipe at Silicon Valley and in fiction from prizewinning Jacqueline Woodson.

  • Financial Times

    Facebook does not understand the marketplace of ideas

    In doing so, the company’s co-founder and chief executive espouses a flawed idea that has become conventional wisdom: that a competitive “marketplace of ideas” exists and the best way to fight bad ideas is to put out good ones so a discerning public can choose. The first critical flaw in Mr Zuckerberg’s thinking is the idea that the marketplace for goods is efficient without regulation.

  • Lessons to be learned from Facebook's WhatsApp deal, French watchdog says

    Lessons to be learned from Facebook's WhatsApp deal, French watchdog says

    Facebook's $22 billion buyout of WhatsApp six years ago should have been blocked, the boss of France's antitrust watchdog, which is set to help review EU rules, has told Reuters. "Clearly, deals such as the Facebook/WhatsApp merger should probably not have been allowed," Isabelle de Silva said in an interview. A spokesman for Facebook had no immediate comment.