134.60 +2.17 (1.64%)
Pre-Market: 9:22AM EST
|Bid||134.55 x 2200|
|Ask||134.43 x 1100|
|Day's Range||126.85 - 134.15|
|52 Week Range||126.85 - 218.62|
|Beta (3Y Monthly)||0.62|
|PE Ratio (TTM)||19.96|
|Earnings Date||Jan 29, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||196.87|
Facebook failed to prevent its platform being used to auction a 16-year-old girl off for marriage in South Sudan. Child early and forced marriage (CEFM) is the most commonly reported form of gender-based violence in South Sudan, according to a recent Plan International report on the myriad risks for adolescent girls living in the war-torn region. Vice reported on the story in detail yesterday, noting that Facebook took down the auction post but not until after the girl had already been married off -- and more than two weeks after the family first announced the attention to sell the child via its platform, on October 25.
One top stock market strategist doesn't think FAANG stocks will lead the market going forward.
The U.S. might have the largest concentration of billionaire wealth, but China's billionaires are a rapidly growing class of individuals.
A drumbeat of unpleasant revelations about the social media giant and its leadership -- particularly Mark Zuckerberg and Sheryl Sandberg -- is eroding the company's investment thesis.
With the uptake of social media advertising on the rise, Twitter (TWTR) is moving to help brands better connect with social media audiences. The company has recently created a new post, global director of culture and community, and has appointed God-is Rivera to the role. Rivera is mandated with helping advertisers connect more effectively with various communities or groups on Twitter, which could include feminist, black, or Asian-American groups.
Apple (AAPL) stock continued to slide on November 20. The stock fell 4.8% yesterday to close at $176.98. The stock has now declined 9% in the last two days. It has fallen 19% in November and 21.3% since the start of October.
Facebook (FB) has teamed up with Microsoft (MSFT) to cooperate more closely in contributing to the development of AI solutions. Specifically, Microsoft is throwing its weight behind Facebook’s open-source AI software, PyTorch, according to a CNBC report.
Twitter (TWTR) now relies on video for the majority of its advertising revenue. The company’s video offerings include live and recorded content from sports to news to entertainment area. Twitter’s video expansion seems to fit in nicely with the market trend where the uptake of digital video advertising is on the rise.
Soros Fund Management, which manages the Soros family’s wealth, also bought Alibaba and Micron Technology in the third quarter.
Facing global criticism over privacy breaches and the Russian disinformation campaign, according to the New York Times, Facebook dissembled publicly, stifled dissent internally, called in political favors, and hired a consulting firm to shift blame and intimidate critics. Congress should also probe whether social media is harming mental health, particularly among the young.
Facebook's outgoing communications head Elliot Schrage admitted in an internal memo that his team asked public relations firm Definers to push negative narratives about its competitors, TechCrunch reported.
Facebook's outgoing head of communications and public policy said he knew and approved the decision to hire the Washington-based public relations firm Definers Public Affairs, according to an internal memo reported by TechCrunch. Elliot Schrage, who announced in June that he was leaving, admitted that his team asked Definers to push negative narratives about Facebook's competitors.
Facebook Inc. Chief Executive Mark Zuckerberg pushed back against calls for him to step down as chairman and said he hoped to continue working with his longtime chief operating officer, Sheryl Sandberg, in a TV interview on Tuesday that addressed a myriad of controversies shrouding the social-media giant. In an interview with CNN, during which he sometimes stammered, Mr. Zuckerberg said stepping down as chairman in the near term is “not the plan” after some big shareholders proposed to push him out of that role following a string of management missteps. Last week in a call with reporters, Mr. Zuckerberg rejected the shareholder proposal, saying it doesn’t benefit Facebook.