|Bid||260.84 x 800|
|Ask||261.20 x 1200|
|Day's range||258.68 - 262.62|
|52-week range||137.10 - 278.89|
|Beta (5Y monthly)||1.21|
|PE ratio (TTM)||31.94|
|Earnings date||28 Oct 2020 - 02 Nov 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||280.83|
Facebook joined the growing ranks of companies publicly complaining about the 30% fee that Apple collects on payments made through its App Store. Facebook said that to support struggling businesses, it won't be collecting any fees on those events, at least for the next year, which means that those businesses keep 100% of payments on the web and on Android.
Businesses will now be able to monetize online events on Facebook, thanks to a new feature that the social network is launching in the United States and 19 other countries today. In a call with reporters, Head of Facebook App Fidji Simo said that Facebook's Events feature was designed for in-person events, but with the COVID-19 pandemic and resulting social distancing orders, the company "really quickly pivoted" to supporting online events. In fact, Simo said that in June of this year, live broadcasts on Facebook Pages doubled compared to the same period in 2019.
Facebook said it requested the waiver so that small businesses would not have to pay Apple's cut for a new paid online events product the world's biggest social media company is launching on its core platform. Apple did not immediately respond to a request for comment. On Thursday, Apple removed popular video game "Fortnite" from its app store for violating its in-app payment guidelines, sparking a backlash online and prompting developer Epic Games to file a federal antitrust lawsuit challenging Apple's rules.