|Bid||172.08 x 400|
|Ask||172.25 x 1200|
|Day's range||172.31 - 174.60|
|52-week range||144.42 - 195.32|
|PE ratio (TTM)||31.98|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Before the results on Wednesday evening, the row over the improper sharing of data had knocked 13 percent, or more than $70 billion (50 billion pounds), off the market value of the world's biggest social network. The first quarter numbers showed Facebook's quarterly profit rose 63 percent, and revenue 49 percent, beating already upbeat analysts' estimates on the back of growing ad sales. "Facebook's ad unit innovation, investment and focus on bringing new advertisers to the platform are driving this," Morgan Stanley analyst Brian Nowak said.
U.S. stocks rose in early trading on Thursday, as the latest round of corporate earnings gave further support to equity valuations, particularly in the technology sector, where strong results from Facebook ...
Sandberg said that delivering relevant ads supports the small businesses who advertise and connect with customers through Facebook.
Google’s (GOOGL) Nest, a smart home company, is considering bidding for Withings, Nokia’s (NOK) smart health business. Withings has been struggling since Nokia acquired it in 2016. Apart from Google’s Nest, which is known for its smart thermostats and smoke detectors, two French companies and one non-European company have joined the race to acquire Nokia’s smart health business, according to industry sources.
Nasdaq futures geared for a strong bounce at Thursday's open, with Facebook and chip stocks rising toward early gains.
Wall Street is buzzing over Facebook's latest earnings results, which topped Wall Street's expectations despite recent uproar about the company's handling of user information.
U.S. stock-index futures traded modestly higher Thursday, with Facebook Inc. buttressing investor sentiment after better-than-expected corporate results. Another deluge of corporate earnings are hitting before the bell, with General Motors dropping after its results. Futures for the Nasdaq-100 index (NQM18.CME) rose 46 points, or 0.7%, to 6,602, buoyed by a solid premarket gain for Facebook Inc. (FB) and other tech giants that reported Wednesday after the close.
Facebook has spent months trying to assuage the doubts of lawmakers, regulators and users who have been angered about the company’s role in privacy, disinformation and elections. But the social network’s ...
"We did not read all of the terms and conditions," CTO Mike Schroepfer told U.K. lawmakers at a parliamentary committee hearing.
Online retail giant Amazon (AMZN) recently completed its acquisition of smart doorbell maker Ring for more than $1.0 billion, making it Amazon’s second-most-expensive acquisition after its $13.7 billion purchase of Whole Foods.
By Alistair Smout LONDON (Reuters) - Facebook will introduce new measures to improve transparency around adverts in Britain by June this year and require political ads to be clearly labeled, the firm's Chief Technology Officer told a parliamentary committee. In a written submission to the British parliament's media committee, Mike Schroepfer said those wanting to run political adverts would have to complete an authorization process and the messages would also have to display who paid for them. "I want to start by echoing our CEO, Mark Zuckerberg: what happened with Cambridge Analytica represents a breach of trust, and we are deeply sorry.
On April 23, Alphabet’s (GOOG) stock closed down 0.51% at $1,067.45 for the day. However, on a year-to-date basis, Alphabet’s stock price grew 2.0%, compared to the S&P 500’s return of -0.1%. Stock prices for peers Twitter (TWTR), Amazon (AMZN), and Alibaba (BABA) were up 30.0%, 29.8%, and 1.8%, respectively. However, Facebook (FB) was down nearly 6% on a YTD basis as of April 23.
Like Facebook, which is on a tear in premarket after dazzling investors with bulletproof earnings, such as a 49% revenue pop. Helping complete that FAANG earnings picture, Amazon and Microsoft are due after the close, with Apple finishing things off next Tuesday.
Facebook is running an advertising campaign that acknowledges it has had a problem with fake news and the misuse of data and goes some way to apologizing for these issues.
Alleged misuse of Facebook data by Cambridge Analytica and Mr Zuckerberg’s consequent public grilling matter little to profits, for now. The trend is evident in Europe, which produces a quarter of revenues and whose tighter regime Facebook has already embraced. To paraphrase chief operating officer Sheryl Sandberg, ad spending goes to the medium where the perceived investment return is highest.
Facebook did not intend its behaviour towards the media to be interpreted as trying to stop the truth about a data scandal from coming out, the company's chief technology officer said on Thursday. Asked by a lawmaker on a British parliamentary committee whether Facebook would apologise for its "bullying" behaviour towards the press, Mike Schroepfer said: "I am sorry that journalists feel that we are trying to prevent them from getting the truth out.
Before the results on Wednesday evening, the row over the improper sharing of data had knocked 13 percent, or more than $70 billion, off the market value of the world's biggest social network. The first quarter numbers showed Facebook's quarterly profit rose 63 percent, and revenue 49 percent, beating already upbeat analysts' estimates on the back of growing ad sales. "Facebook's ad unit innovation, investment and focus on bringing new advertisers to the platform are driving this," Morgan Stanley analyst Brian Nowak said.
Facebook Inc. appears to be bulletproof to the controversies that have swirled around it. Beyond finances, it does not appear that the #DeleteFacebook campaign started by some users after the Cambridge Analytica scandal had much of an impact. Facebook said its daily active users grew 13% in March to 1.45 billion on average, and monthly active users grew 13% to 2.2 billion.
Facebook has revealed that AggregateIQ, a Canadian data company with alleged links to Cambridge Analytica, spent $2m on Brexit-related ads in the UK and shared “certain billing and administration connections” with the British analytics company at the centre of an international privacy scandal. Mike Schroepfer, Facebook’s chief technology officer, told British lawmakers on Thursday that the social network will introduce “radical transparency” to counter questions about the use of information in political advertising ahead of the Brexit vote. The changes, which he said would come into effect in time for local elections in the UK next year, will include a new requirement that political adverts are labelled and authorised.
Stock futures advanced ahead of Thursday's open as Facebook, Visa, EBay and O'Reilly Auto drove a volatile after hours session.
Quality, price and flexibility are all factors that could make or break companies such as WaveOptics and Vuzix as they bid for customers.
Facebook Inc., in its first earnings report after touching off widespread data-privacy concerns, posted soaring revenue and profit that highlighted the company’s central place in the digital economy. Facebook reported quarterly per share profit of $1.69, up from $1.04 a year earlier, while revenue rose nearly 50% to $11.97 billion. Executives acknowledged that Facebook must better police its platform, but insisted they could do so without overhauling its lucrative advertising business, dismantling tools for targeting consumers, or offering a paid version of the service.