|Bid||181.26 x 0|
|Ask||181.78 x 0|
|Day's range||180.50 - 182.88|
|52-week range||112.00 - 186.00|
|Beta (3Y monthly)||0.98|
|PE ratio (TTM)||27.14|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Facebook faces fresh controversy after media reports that it paid teens to install an app that harvested their most private data. Lauren Anthony reports.
NEW YORK (AP) — Apple says Facebook can no longer distribute an app that paid users, including teenagers, to extensively track their phone and web use.
Facebook COO Sheryl Sandberg says the company made its market research program "very clear" to users. Apple pulled some developer rights after a report said Facebook paid users to download an app that allowed the company to track behavior on mobile devices. Facebook FB users went through a "rigorous consent flow" before participating in its market research program, Chief Operating Officer Sheryl Sandberg told CNBC's Julia Boorstin on Wednesday.
The world's largest online social media network has pledged to invest heavily in the privacy and security of its users after scandals over improperly shared data and propaganda hurt its image and made it the target of political scrutiny across the globe. Facebook shares rose nearly 12 percent to $168.20 after the bell.
NEW YORK (AP) — Facebook reported robust earnings and revenue that handily surpassed Wall Street expectations for the final quarter of 2018 despite heavy spending on safety and security.
Facebook's earnings beat helped lift its tech peers as it proved the strength of online advertising. Alphabet, Twitter and Snap were all positive during after hours trading Wednesday. Facebook said it has 7 million active advertisers across its platforms.
Facebook continued to grow its active users and revenue in the U.S. and Canada in its fourth quarter 2018 compared to the year prior. Numerous privacy scandals throughout the year led to public outrage and calls to delete Facebook's platforms. The strong domestic numbers indicate Facebook may have weathered the storm.
A Google app, Screenwise Meter, appears to violate the same Apple rules for enterprise apps as an app that got Facebook in trouble. Participants download Screenwise using an enterprise profile instead of through the app store. Google GOOGL admitted Wednesday that one of its apps violated the same policies as a Facebook app that landed the social network in hot water with Apple.
The Menlo Park, California-based company said it had net income of $2.38 per share. The results exceeded Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research ...
Facebook and CEO Mark Zuckerberg have been drilling down on the company's Stories feature. Facebook FB posted strong financial numbers for its fourth quarter Wednesday, beating on earnings and revenue and sending shares up more than 12 percent in extended trading.
Facebook has come under tremendous pressure from regulators and congress to improve privacy and security. CEO Mark Zuckerberg recently wrote a 1,000 word op-ed defending the company and Facebook shares are down over 12 percent year to date.
A positive quarter for Apple AAPL has its shares rallying hard Wednesday after a brutal three months. Facebook FB , another FAANG name no stranger to sell-offs, is about to report on its own quarter. Options activity suggests investors aren't as optimistic heading into its report out after the bell, said Oppenheimer's head of institutional equity derivatives, Alon Rosin.