|Bid||0.00 x 2200|
|Ask||0.00 x 1000|
|Day's range||206.84 - 208.72|
|52-week range||149.02 - 208.72|
|PE ratio (TTM)||34.30|
|Earnings date||25 Jul 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||229.86|
Inc. for being overly accommodating to conservative outlets, days before social-media executives are to appear on Capitol Hill to discuss how content is displayed on their sites. Inc. and YouTube are scheduled to testify before the House Judiciary Committee on Tuesday. Facebook in particular has come under sustained criticism for how it mediates political discourse on its platform, and the social-media giant has hosted a number of meetings in recent weeks with various stakeholders to address the issue.
PayPal co-founder and early Facebook investor Peter Thiel was a part of Cayman Islands start-up Block.one’s most recent funding round announced Monday. The company raised a record $4 billion this year to fund its blockchain platform eos.ios through an ICO, outdoing the world's biggest initial public offerings on stock exchanges this year. Bitmain, a Chinese start-up that dominates the bitcoin "mining" industry, also participated in the funding round.
Facebook (FB) plans to release its second-quarter results on July 25, a month after it announced a move that seems to be positive for its closely watched advertising business. Last month, Facebook eased its ban on cryptocurrency advertising after it had implemented a way to carry safe cryptocurrency-related ads. In January, Facebook issued a blanket ban on crypto advertising across its platforms as a way of protecting consumers from deceptive financial products.
Where is the best place to work in the U.S.? According to career website Indeed, it’s Facebook. Despite a rough year, Facebook got high marks for transparency, perks and benefits. (Source: Bloomberg)
Analysts at Jefferies wrote a note to clients Friday in which they reiterated a buy rating on the social media stock and lifted their 12-month price target from $215 to $240. Investors sold off Facebook shares earlier this year on fears of heightened regulatory pressure after a headline data scandal involving London-based political consulting firm Cambridge Analytica, which occurred ahead of the 2016 U.S. presidential race.
Facebook (FB) is reportedly hiring Shahriar Rabii, Google's AI head of chip development in its efforts to develop in-house chips.
Until the first quarter, Facebook (FB) has spent roughly $23.4 billion on R&D (research and development) since starting work on its Aquila project in 2014. Facebook’s R&D costs had risen 18.8% YoY in the fourth quarter of 2017. Initiatives like Aquila may have been responsible for Facebook’s rising R&D costs, so ending the drone-building program may reduce its R&D costs.
Israel’s government could seek court orders to force Facebook Inc. and other social media sites to remove content considered incitement, under a bill heading for final approval amid concerns about free speech. “Israel is fighting and will continue to fight terrorism, also on the Internet,” Justice Minister Ayelet Shaked Shaked said after a parliamentary committee sent the bill to the full plenum for a final vote, expected later this week. Shaked and Public Security Minister Gilad Erdan have been working on the bill since 2016.
Facebook’s (FB) second-quarter earnings are slated to be released on July 25—a month after the company announced that it would overhaul its Aquila project. Facebook has been funding a project that involves using specialized drones to expand Internet access in developing countries. Dubbed Aquila, the project would use solar-powered drones capable of flying at high altitudes and staying aloft for months.
Monday, July 16: President Donald Trump says America’s biggest global “foe” is the EU before meeting with Russian president Vladimir Putin; Elon Musk donated $40,000 to a GOP PAC; Amazon Prime Day starts and will last 36 hours. Yahoo Finance's Dan Roberts delivers today's news.