|Bid||29.560 x 2900|
|Ask||29.570 x 800|
|Day's Range||29.240 - 30.020|
|52 Week Range||16.570 - 47.790|
|PE Ratio (TTM)||96.15|
|Earnings Date||Oct 25, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||33.69|
Vietnam has enacted a law that would require technology companies to store personal data on its citizens locally. This law, which is expected to take effect in 2019, has met resistance from foreign companies like Facebook (FB). Facebook and other foreign technology companies have expressed reservations regarding this law, fearing that it could make it easier for Vietnamese authorities to target political dissidents and expose their employees to the risk of arrest.
Snap (SNAP) is launching a new feature called Curated Our Stories, which allows media companies to stitch together public posts on Snapchat into themed stories. These could be daily or weekly stories centering on specific events or topics.
Facebook (FB) has begun preparing for a future without Dan Rose, its longtime VP of global partnerships and business development, who announced in August that he planned to leave the company in early 2019. Rose joined Facebook in 2006. Facebook has tapped Marne Levine, Instagram’s chief operating officer, to fill the position.
Facebook (FB.O) and Twitter (TWTR.N) face sanctions unless they comply with European consumer rules by the end of the year, the EU said as its regulators continue to their crackdown on U.S. social media giants over privacy concerns. Seven months after being told to bring their user terms in line with EU regulations, both Facebook and Twitter have yet to fully address all the issues, the European Commission said on Thursday. In contrast, Airbnb made the necessary changes after being told to do so three months ago, European Justice Commissioner Vera Jourova said, confirming a Reuters story on Wednesday.
Facebook (FB) is expanding its fact-checking program to include photographs and video clips. Facebook’s fact-checking program initially focused on vetting articles for factual accuracy. Facebook plans to use technology and individuals to vet photos and videos circulated on its social platform.
Twitter (TWTR) has made a slew of changes to its platform recently. On Monday, September 17, the company announced that it will bring back the option of a reverse-chronological timeline after a number of users requested it.
Before Twitter boasted a market cap of 22.1 billion, had 336 million monthly active users and became the preferred mode of communication for President Donald Trump, it started with a sketch on a legal pad. On Tuesday, Twitter posted a photo of co-founder Jack Dorsey's illustration of how the platform might work, with the caption, "@Jack's very first drawing of us back in 2005. In the drawing, Twitter has a box for the user's status (such as "reading," "in bed," or "going to the park"), as well as inputs for the user's name, phone number and email address.
In a recent tweet, Twitter (TWTR) announced that it would be putting live streams and broadcasts posted by accounts followed by users at the top of their timelines. The social media company said that this feature will include breaking news, sports, and personalities. Twitter has included this latest feature in its Android and iOS apps.
Christine Blasey Ford, who accuses Supreme Court nominee Brett Kavanaugh of sexually assaulting her when they were in high school, has yet to confirm she will testify before the Senate Judiciary Committee, according to Chuck Grassley, the panel's Republican chairman. "We have reached out to her in the last 36 hours three or four times by email, and we have not heard from them," Grassley says Tuesday.
Three companies stand out as potential over-performers among Internet stocks. Here’s what you need to know.
Facebook (FB) recently signed an exclusive three-year agreement to show Spanish La Liga soccer matches in India and other Asian countries. It also began rolling its Watch video service internationally. A month later, Twitter (TWTR) recently announced a host of new deals aimed at expanding its live video offerings in the Asia-Pacific region.
Short interest is low for TWTR with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. The net inflows of $4.49 billion over the last one-month into ETFs that hold TWTR are not among the highest of the last year and have been slowing.
When most people think of Chinese social media stocks, Weibo (NASDAQ:WB) and Tencent (OTCMKTS:TCEHY) generally come to mind. The former has been deemed the “Twitter of China,” though it increasingly looks and feels like Facebook (NASDAQ:FB). The latter, meanwhile, is the name behind China’s most popular messaging platform, WeChat.
It has been a rough run for social media stock Snap Inc (NYSE:SNAP) on Wall Street. Ever since the company went public in March 2017 at $17 per share, the general trend for SNAP stock has been down and out. With SNAP now depressed to all-time lows, buyout rumors are starting to float around.
Your Twitter prayers are answered! Well, maybe not the prayers about harassment or the ones about an edit tweet button, but your other prayers. Today in a series of tweets, the company announced that it had heard the cries of its various disgruntled users and will bring back a form of the pure chronological timeline that users can opt into. Twitter first took an interest in a more algorithmic timeline three-ish years ago and committed to it in 2016.
Ever since Twitter started mucking with the timeline to insert tweets people "might have missed" or things supposedly "liked" by people they follow, some have complained they miss things. Now, Twitter has announced that in the coming weeks it will start testing a "way to switch between a timeline of Tweets that are most relevant for you and a timeline of the latest Tweets.
Verizon’s (VZ) Oath subsidiary is on a mission to double its audience and generate as much as $20 billion in annual revenues by 2020. Oath currently has a monthly audience of 1 billion people across its various digital properties, including Yahoo Sports and TechCrunch. Snap (SNAP), another Oath competitor in the digital advertising business, reaches an audience of 188 million people daily through its Snapchat app.
Twitter shares are taking a thumping in the wake of a report that cautions the company faces rising costs amid stiff competition and regulatory scrutiny.
Education Secretary Betsy DeVos on Monday encouraged students to engage others with respect and not to "be nasty" while hiding behind Twitter handles, leading one student to wonder why her boss, President Donald Trump, doesn't appear to abide by those rules. DeVos appeared at the National Constitution Center at a student Town Hall to talk about the First Amendment as part of the center's annual Constitution Day, commemorating the 231st anniversary of the signing of the U.S. Constitution.
Snap (NYSE:SNAP) stock is resembling its product a little too much recently. Like Snap’s photos, the stock’s value seemingly disappears in the blink of an eye. SNAP stock, which you may recall opened trading all the way up at $25/share last year, is in the midst of a prolonged slump.
Twitter announced that they will introduce a new setting allowing users to switch from a timeline with most relevant tweets, to the original Twitter model with most recent tweets. CNET senior producer Dan Patterson joins CBSN with the impact of these changes on the upcoming midterm elections.