|Bid||180.7700 x 1300|
|Ask||180.9000 x 900|
|Day's Range||179.1700 - 180.5000|
|52 Week Range||149.0200 - 218.6200|
|PE Ratio (TTM)||27.74|
|Earnings Date||Oct 30, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||211.03|
Facebook marked the first anniversary of its birthday fundraisers by revealing that more than $300 million in donations have been raised through the feature, which lets users mark their birthdays by creating a donation drive for an organization of their choice. About 750,000 non-profits currently have access to Facebook’s fundraising tools (but not every user, since they haven’t rolled out to all countries). For people who want to create a birthday fundraiser but don’t have an organization in mind already, Facebook plans to include more information about charities in the feature’s selection tool.
Facebook has hired an outside company to look into its role in spreading hate speech and enabling ethnic cleansing in Myanmar, Vice News reports. A Facebook source confirmed the audit to Vice News. Over the past year, Facebook has repeatedly come under fire for its mishandling of hate speech targeting the country's Rohingya Muslim minority.
In April, Amazon (AMZN) said it was hiking its Prime membership fee from $99 per year to $119 per year. That move appeared to divide observers, with some expressing concern that a price hike could spark an exodus from Prime membership. Others supported a price hike that could help Amazon garner more revenues.
Tencent Holdings (TCEHY) declared its earnings results for the second quarter of 2018 on August 15. Its revenue grew 30% YoY (year-over-year) to 73.7 billion yuan in the second quarter of 2018.
The social media group outlined the moves in a blog post on Thursday, hours after Reuters published a report that Facebook was still hosting more than 1,000 posts or comments inciting hatred or violence against minority Muslims in the largely Buddhist country as of last week. “The ethnic violence in Myanmar is horrific and we have been too slow to prevent misinformation on Facebook,” said Sara Su, a product manager for the company. The company said that it had “proactively identified” about 52 per cent of the content it removed for hate speech in Myanmar in the second quarter of this year, up from 13 per cent in the last quarter of 2017.
Facebook has been “too slow” to address hate speech in Myanmar and is acting to remedy the problem by hiring more Burmese speakers and investing in technology to identify problematic content, the company said in a statement on Thursday. "The ethnic violence in Myanmar is horrific and we have been too slow to prevent misinformation and hate speech on Facebook,” Facebook said. The Reuters story revealed the social media giant for years dedicated scant resources to combating hate speech in Myanmar, which is a market it dominates and where there have been repeated eruptions of ethnic violence.
Facebook has been “too slow” to address hate speech in Myanmar and is acting to remedy the problem by hiring more Burmese speakers and investing in technology to identify problematic content, the company said in a statement on Thursday. The acknowledgement came a day after a Reuters investigation showed why the company has failed to stem a wave of vitriolic posts about the minority Rohingya. "The ethnic violence in Myanmar is horrific and we have been too slow to prevent misinformation and hate speech on Facebook,” Facebook said.
Facebook is asking large U.S. banks for their customers’ detailed transaction information (“Facebook Asks Banks for Customer Data,” page one, Aug. 7). You can’t sell a customer’s banking data in the same way you sell his or her internet surfing behavior. The World Economic Forum, working with the finance industry, believes the principles should be: Customers control their data, not the companies collecting them.
NEW YORK, NY / ACCESSWIRE / August 15, 2018 / Pomerantz LLP announces that a class action lawsuit has been filed against Facebook, Inc. ("Facebook" or the "Company") (FB) and certain of its officers. The class action, filed in United States District Court, Northern District of California, and docketed under 18-cv-06765, is on behalf of a class consisting of investors who purchased or otherwise acquired common shares of Facebook between April 26, 2018 and July 25, 2018, both dates inclusive (the "Class Period"). Plaintiff seeks to recover compensable damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder.
Facebook is pushing back on a report that suggests company executive Campbell Brown said in a private meeting that CEO Mark Zuckerberg "doesn't care" about news publishers. Nick Thompson, Wired magazine editor-in-chief, joins CBSN's Tanya Rivero to discuss the report and what it means for Facebook down the road.