|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's Range||179.67 - 183.90|
|52 Week Range||123.02 - 218.62|
|Beta (3Y Monthly)||1.30|
|PE Ratio (TTM)||26.84|
|Earnings Date||Jul 23, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||221.50|
Investors appear to be falling out of love with the once high-flying FAANG stocks.
Dallas Mavericks owner Mark Cuban rejected calls to break up tech companies like Google and Facebook, saying the internet giants constitute America’s “biggest competitive advantage” over China and Russia.
Facebook took down 2.19 billion fake accounts during the first quarter of 2019, the company has announced . In addition to that, Facebook said it disabled 1.2 billion fake accounts in Q4 2018. These numbers are quite staggering when you consider that Facebook has 2.38 billion monthly active users, as reported in its Q1 2019 earnings . "For fake accounts," Facebook said in a blog post, "the amount of accounts we took action on increased due to automated attacks by bad actors who attempt to create large volumes of accounts at one time."
Facebook needs to work on its timing. and payments service before the scandal has been put to rest. Spending on Mastercard and Visa credit, debit, and prepaid cards in the US alone was $6tn last year, according to The Nilson Report, an industry newsletter.
Facebook’s vaulting ambition to create a new global digital currency has led it to hold talks with some of America’s largest trading houses and cryptocurrency exchanges, including one founded by Mark Zuckerberg’s sworn enemies — the Winklevoss twins. A secretive unit of the social media company has been working for more than a year to create a currency that its 2bn users can use to send money to each other, and to buy things not just on Facebook, Instagram and WhatsApp but across the internet and in the real world.
If any company can take a cryptocurrency mainstream, it is Facebook. Facebook’s answer, according to several people familiar with its secretive “Libra” project, will be to try to launch a “stablecoin”, a digital currency pegged to the dollar. If successful, the Facebook coin could not only allow payments and transfers within the Facebook empire, but could also be stored on digital wallets and spent in shops, or exchanged into traditional currencies.
Facebook removed more than 3 billion fake accounts from October to March, twice as many as the previous six months, the company said Thursday. In a new report, Facebook (FB) said it saw a “steep increase” in the creation of abusive, fake accounts. While most of these fake accounts were blocked “within minutes” of their creation, the use of computers to generate millions of accounts at a time meant not only that Facebook caught more of the fake accounts, but that more of them slipped through.
SAN FRANCISCO (AP) — Facebook removed more than 3 billion fake accounts from October to March, twice as many as the previous six months, the company said Thursday.
In the final quarter of 2018, Facebook disabled just more than 1 billion fake accounts and 583 million in the first quarter of last year. “The larger quantities of fake accounts are driven by spammers who are constantly trying to evade our systems,” Guy Rosen, Facebook’s vice president of integrity, told reporters Thursday. Facebook also shared a new metric in Thursday’s report: The number of posts removed that were promoting or engaging in drug and firearm sales.
Facebook Inc. (NASDAQ: FB) said Thursday it prevented or removed more than 2 billion fake accounts in the first quarter as it works to regain public confidence after criticism about spreading false news. Facebook said most fake accounts by far are never seen – they’re disabled nearly immediately on creation. Only about 5 percent of active monthly accounts are fake, Facebook said.
Facebook said it proactively detected a greater percentage of illicit sales of regulated goods this quarter compared to last. Facebook has stepped up its fight against fake accounts. On Thursday, in its third periodic Community Standards Enforcement Report , the company said it took action on nearly twice as many suspected fake accounts in the first quarter of 2019 as it did in the fourth quarter of 2018.
Let's see if investors should buy Lululemon stock heading into its first-quarter fiscal 2019 earnings results?
Stock owners fall into two categories. There are those who are in looking to invest for the long haul. And then there are those who prefer to trade momentum, which tend to be shorter term.Today's write-up is to examine how Facebook (NASDAQ:FB) stock now presents the opportunity for both traders and investors. There is a technical breakout brewing in FB for the short term with 20% upside potential. But even if it fails the trade can be a viable long term investment.Source: Shutterstock But first I'd like to recognize the geopolitical headlines that threaten stocks this week. If the bond market continues its breakout here, then all stocks will fall. So consider that and how it influences even quality stocks like FB. The FB FundamentalsFacebook is a giant advertising company and it has unparalleled reach. Those who use it for business love what it does for their marketing campaigns. Last year it suffered great trepidation from a data sharing incident but it has so far survived the repercussions from it. There are still those who are calling for its head but I doubt that they will be successful.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs big and as popular FB is, it will take a special kind of mistake to mess that potential up. They have billions of users using their platforms every day and for hours at a time.The fundamental metrics of FB stock are solid. it's a cash making machine and it's not bloated. It sells at a 27 P/E ratio. This is inline with Alphabet (NASDAQ:GOOGL) and 60% cheaper than Amazon (NASDAQ:AMZN). I can also compare FB to Apple (NASDAQ:AAPL) and Twitter (NYSE:TWTR) which aren't perfect comparisons but help with perspective, they have 16 and 21 trailing P/E respectively.Moreover, FB is up 40% year to date which is almost three times better than the S&P 500, twice as good as AMZN and four times better than GOOGL. Clearly investors are liking FB stock in 2019. Facebook is up 200% in five years.So for now, Facebook doesn't carry undue risk for those who own its shares. So betting on it here has relatively small financial risk in the long term. There is value below so even if the stock market temporarily corrects, Facebook stock will eventually find footing. Besides, the market-wide selloffs that we had last year helped establish great support levels. * 6 Stocks to Buy for This Decade's Massive Megatrend So in summary, the fundamentals are strong enough that we can assume that if the stock markets are higher in the future then so is Facebook. The Technical Opportunity in Facebook StockWhen a stock trading range tightens into a fine point, it builds energy which will need to release itself. This often results in a big move in either direction. This is the case for FB stock now. Click to EnlargeThe trading range since their recent earnings report is now very tight, and the bulls are pushing up against descending trend line. FB is setting higher lows and lower highs coming into a head. Soon enough the bulls should be able to overwhelm the bears and launch a breakout 20% rally.There will be resistance around $190 per share once they get there, but that too will be the opportunity to invite even more momentum buyers there. Eventual, I expect the rally to fill the gap at $215 that happened last year.I know there will be critics of this ides. Rver since the Cambridge Analytica incident, FB has become an emotional stock. But if I cover up the ticker and simply examine the chart, this is the upside scenario that I see as most likely. Outside Factors Affecting FB StockOf course, these are uncertain times. Wall Street is at risk daily from geopolitical headlines. This is likely to linger for months as the U.S. and China conduct their economic war in the headlines. These are unpredictable so they can ruin the best technical setups.Since we can't incorporate black swan events into a trading thesis I accept the risk of this trade but I don't make it so excessive that it breaks the piggy bank. The Facebook chart presents a realistic opportunity where the downside risk is much smaller than the upside reward.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. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post Hit Like on FB Stock Now -- It Could Rally 20% appeared first on InvestorPlace.
Anduril Industries and Oculus VR founder Palmer Luckey talks about developing cutting-edge AI and adapting to ethical and geopolitical realities at the 2019 Collision tech conference in Toronto, Canada.
Facebook says it has removed billions of fake accounts before they were active. In a new report, Facebook said there was a "steep" rise in such activity from October 2018 to March 2019, even as it worked to boost detection of bogus accounts. (May 23)
Facebook CEO Mark Zuckerberg responds to calls to break-up the company. CNBC's Julia Boorstin reports.