139.22 -0.31 (-0.22%)
After hours: 7:32PM EST
|Bid||139.20 x 1300|
|Ask||139.53 x 1000|
|Day's Range||137.77 - 141.77|
|52 Week Range||137.77 - 218.62|
|Beta (3Y Monthly)||0.62|
|PE Ratio (TTM)||21.03|
|Earnings Date||Jan 29, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||196.97|
Facebook's latest scandal has left at least some users more disillusioned than ever with the social network.
Nov.16 -- Kyle Jensen of the Yale School of Management and Michael Wolf, Activate's chief executive officer, discuss Facebook Inc.'s governance issues and the reports that the social media giant used contractors to retaliate against critics of its privacy practices and efforts to combat Russian propaganda on its platform. They speak with Bloomberg's Emily Chang on "Bloomberg Technology."
Sheryl Sandberg has denied that she obstructed early investigations into election meddling and claimed that she was unaware Facebook was involved with an agency that ran "abhorrent" anti-Semitic campaigns that targeted George Soros, among others. Facebook, the world's largest social network, with more than 2.2 billion users, spent Thursday doing its best to fight a media relations forest fire that followed an explosive New York Times article revealing a campaign to smear George Soros, and other revelations. The company fired PR and research firm Definers, the center of some of the story, it disputed allegations that it tried to hide details around Russian hacking and it held an hour-long call with journalists and CEO Mark Zuckerberg.
Speaking in a joint interview on the sidelines of a development forum in Wilmington, Delaware, the two senators said that Facebook probably wouldn’t like what Congress does, so it should come up with a solution first. “If they don’t, if they continue to act as if we couldn’t possibly deign to regulate them, they’ll get regulated and they’ll be unpleasantly surprised with how swiftly it may happen,” said Coons, a Delaware Democrat and member Senate Judiciary Committee.
Maybe Facebook doesn’t need someone other than Mark Zuckerberg at the helm—but it might need a change to keep the shares from a Sisyphean few years ahead.
Tech stocks fell sharply early Friday as the Nasdaq composite fell 1.2%, but the index was nicely off lows in afternoon trading.
Shares of Facebook (FB) fell once again Friday, reaching lows not seen since the spring of 2017 as investors digest the latest Russia-related news surrounding the social media powerhouse. The question now is can Facebook make a comeback or will its slide continue?
Are Analysts' Concerns about Apple’s iPhone Shipments Overblown?Apple stock has fallen 16% since its fiscal 2018 fourth-quarter results
The New York Times reported earlier this week that Facebook hired Definers Public Affairs to downplay public statements and deflect public scrutiny onto rival tech companies. In a blog post Thursday morning, Facebook said it ended its relationship with Definers Wednesday night. Facebook's dealings with Definers, if true, "may have campaign finance and other potential legal implications," the senators said.
The New York Times reported earlier this week that Facebook, in the fallout from Russian interference in the 2016 presidential election, hired Definers Public Affairs to downplay public statements and deflect public scrutiny onto rival tech companies.
"Sandberg is completely dispensable," and should "probably should be replaced," Yale's Sonnenfeld says. Facebook co-founder and CEO Mark Zuckerberg "should no longer be chairman," he adds. Sonnenfeld's criticism comes after Sandberg's denial of a New York Times report that she ignored Russian activity on social network.
Facebook co-founder Mark Zuckerberg should step down as chairman and focus on being CEO, Yale's Sonnenfeld says.