|Bid||0.00 x 1200|
|Ask||0.00 x 2900|
|Day's Range||42.67 - 44.36|
|52 Week Range||36.41 - 52.50|
|Beta (3Y Monthly)||0.88|
|PE Ratio (TTM)||25.24|
|Earnings Date||Oct 30, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||51.04|
Twitter (TWTR) is scheduled to report its third-quarter results on October 25. Twitter’s revenue fell 4.3% YoY in the comparable period last year. Twitter has posted profits in the past three consecutive quarters supported by a combination of revenue growth and cost controls.
Facebook (FB) recently appointed Adam Mosseri to run its Instagram subsidiary. Mosseri is a longtime Facebook executive who began as a product designer at Facebook’s namesake social network in 2008. He was leading Facebook’s newsfeed team before he moved over to Instagram as its product leader, where he worked alongside Instagram founders and executives Kevin Systrom and Mike Krieger.
GrubHub (GRUB) has struck a deal to acquire campus food-ordering platform Tapingo. Tapingo’s platform is used by food outlets on more than 150 college campuses, and it reaches more than half a million student diners. Students use Tapingo to place food orders in advance, and food outlets such as on-campus cafes and restaurants use the platform to accept advance orders, thereby saving time for both vendors and diners.
VMware (VMW) bought start-up firm CloudHealth Technologies in October 2018. The acquisition provides multi-cloud management support to its customers across different cloud platforms like Amazon AWS (AMZN), Microsoft Azure (MSFT), and the Google Cloud (GOOGL) platform. It will help customers reduce costs and boost efficiency through proper cost management and cost analytics across multiple clouds. It also offers compliance and a secure environment for the different public cloud platform.
Facebook (FB) disclosed on September 28 that an attack on its computer system exposed the personal information of as many as 50 million people who use its flagship social network, which hosts over 2.2 billion accounts. The attack was the worst in Facebook’s 14-year history, and the company’s founder and chief executive, Mark Zuckerberg, described it as a very serious issue. Facebook fell nearly 3.0% the day the company disclosed the data breach, highlighting investor concerns about the potential implication of the breach on the company’s business going forward.
Snap (SNAP) stock gained as much as 5.0% following reports that Instagram founders are leaving the company, apparently because of tensions with parent company Facebook (FB). Instagram is one of Facebook’s digital properties and a huge threat to Snap’s Snapchat. Instagram has more than a billion monthly users and 500 million daily users.
Alphabet’s (GOOGL) Google has decided to lift its ban on some cryptocurrency ads. The search engine giant will now allow some regulated advertisers that are approved by Google to promote crypto businesses and services in the United States and Japan. Reportedly, Google has still banned ads related to ICOs (initial coin offering), wallets, and trading advice.
It appears Groupon (GRPN) and IBM (IBM) are not about to put their guns down anytime soon. After a period of push and pull over patents, a jury in Delaware returned a verdict in July that Groupon infringed on several patents belonging to IBM. Therefore, the jury decided that Groupon should be made to pay at least $82.5 million to IBM in damages.
Alphabet’s (GOOGL) Google, Facebook (FB), Twitter (TWTR), and other tech companies have been facing increasing pressure from lawmakers in the United States and the European Union to curb the spread of fake news and misinformation on their platforms. Russian hackers used these social media platforms to spread misinformation and influence the results of the 2016 US presidential election and the United Kingdom’s Brexit vote, so lawmakers want to ensure that the companies have resolved the problem ahead of the EU elections next spring.
Yelp (YELP) seems well-positioned for future earnings growth and it is seeing rising earnings estimates as well, coupled with a solid Zacks Rank.
Social media giant Facebook (FB) topped earnings expectations in its second-quarter results, which it reported on July 25. However, it missed on revenue due to sluggish growth in its number of global daily active users and challenges surrounding its business model. Facebook has cautioned investors about its sluggish revenue growth in the near term. Its revenue growth rate is expected to fall in the high single digits compared to previous years in the third and fourth quarters.
Twenty-nine analysts cover Yelp (YELP), and almost half of them are recommending the stock as a “buy” opportunity, according to Bloomberg’s September 20 report. J.P. Morgan and North Peak Capital are two Wall Street firms that have recently weighed in on Yelp, with bullish views on Yelp in their latest research notes.
Instagram, Facebook’s (FB) photo-sharing app, shook the company recently when its two founders, Kevin Systrom and Mike Krieger, announced on September 24 that they would be stepping down. In 2010, Systrom and Krieger cofounded Instagram, which was acquired by social media giant Facebook in 2012 for $1 billion.
Facebook (FB) has begun rolling out its online dating service to the public, first in the South American country of Colombia. One of the reasons Facebook chose Colombia for the first public launch of the service is that people in the country have been fans of using the Internet to find soul mates, according to Nathan Sharp, the Facebook executive in charge of the dating product.
Alphabet’s (GOOGL) Google recently told its employees that they should not allow their political views to influence their work at the company, according to a staff memo cited by the Wall Street Journal. In the memo, Google CEO Sundar Pichai warned that employees who undermined the company’s efforts to stay neutral politically would be held personally accountable. Maintaining political neutrality is important for Google.
Twitter (TWTR) has brought back the ability to view tweets in chronological order on its timeline. The chronological timeline will exist alongside the curated timeline, allowing users to switch to the timeline format that meets their needs at will. The return of the chronological timeline was greeted with a generally positive response, suggesting that the change could help Twitter drive more usage of its service and draw new users.
Facebook (FB) is facing accusations that it lets employers show job openings to men only while keeping potential female candidates in the dark. A group of job seekers, backed by labor unions the American Civil Liberties Union and Communications Workers of America, has recently filed formal complaints against the company with the Federal Equal Employment Opportunity Commission accusing it of enabling discrimination in job ads. Facebook’s advertising tools seem to be generating a lot of trouble for it lately.
The Dow Jones industrial average and the S&P 500 today rose to record highs in a broad rally that also gave the Nasdaq composite its best gain since Aug. 29.
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.
Meituan Dianping rose 5 percent on debut in Hong Kong on Thursday, valuing the Chinese online food delivery-to-ticketing services firm at about $55 billion and sending a positive signal to companies lining up to list in the financial hub. The stock's performance is being seen as a test of investor appetite for Hong Kong listings against a backdrop of weak markets and multi-billion dollar initial public offerings (IPOs) that have struggled to rise above their issue price, such as smartphone maker Xiaomi and China Tower . The strong debut also reflects investor confidence that loss-making Meituan can fend off bruising competition from food-delivery platform Ele.me, which is backed by China's biggest e-commerce company Alibaba Group Holding (BABA.N).
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.