Shares of Facebook dropped 1.14% to $271.07 at 13:22 EST on Tuesday, following yesterday’s upward trend. The Nasdaq Stock Market is rising 0.67% to $12,523.00, following yesterday’s upward trend, This seems, at the moment, a somewhat positive trend trading session today.
Facebook’s last close was $274.19, 12.40% below its 52-week high of $304.67.
News about Facebook today
If Facebook broke up, would anyone notice?. According to today’s article on Bloomberg Quint, “Given the role Facebook has played in polarizing society, there might even be some upside.”, “It’s easy to see why people might place Facebook in a similar category. ”
Facebook’s sales growth is 24.7% for the present quarter and 24.7% for the next. The company’s growth estimates for the ongoing quarter and the next is 24.6% and 21.1%, respectively.
Year-on-year quarterly revenue growth grew by 21.6%, now sitting on 78.98B for the twelve trailing months.
Facebook’s Stock Top and Bottom Yearly Value
Facebook’s stock is valued at $271.07 at 13:22 EST, way under its 52-week high of $304.67 and way higher than its 52-week low of $137.10.
Facebook’s Moving Average
Facebook’s worth is under its 50-day moving average of $277.30 and above its 200-day moving average of $259.74.
Previous days news about Facebook
Facebook has only itself to blame for drastic remedy. According to Bloomberg Quint on Thu Dec 10, “They are still in Facebook’s universe, which can still use their data to make oodles of money.”, “On Wednesday afternoon, the FTC and 48 attorneys generalfiled dual antitrust suits designed to undo the merger of Facebook and Instagram – as well as Facebook’s takeover of WhatsApp, another potential rival that it bought in 2014 for a staggering $19 billion. ”
Facebook hit with antitrust lawsuits from FTC and states seeking to divest instagram and whatsapp. According to Business Insider on Thu Dec 10, “The FTC said, following a lengthy investigation in cooperation with a coalition of attorneys general of 46 states, the District of Columbia, and Guam, that the complaint alleged that Facebook has engaged in a systematic strategy-including its 2012 acquisition of up-and-coming rival Instagram, its 2014 acquisition of the mobile messaging app WhatsApp, and the imposition of anticompetitive conditions on software developers-to eliminate threats to its monopoly.”, “In addition to being revisionist history, this is simply not how the antitrust laws are supposed to work, Facebook said in a statement.”
Facebook breakup would demolish zuckerberg’s social media empire. According to Bloomberg Quint on Thu Dec 10, “That’s important to Facebook, which views India as the next great internet frontier, and the company has expressed concern that Chinese competitors might get there first. “, “Facebook is running out of slots to place advertisements on its flagship social network — too many ads in the feed diminish a user’s experience. ”
Facebook breakup seen as real risk in landmark antitrust cases. According to Bloomberg Quint on Thu Dec 10, “The complaints mark an escalation in regulatory pressure on Facebook and dominant technology companies such as Alphabet Inc.’s Google under President Donald Trump’s administration. “, “Zuckerberg told Facebook employees that the company would fight the lawsuits.”
U.S. crackdown on Facebook gets thumbs up from eu’s vestager. According to Bloomberg Quint on Thu Dec 10, “Oculus was previously operated separately from Facebook, it said, and existing Oculus accounts can no longer be used for the new hardware.”, “Facebook Breakup Would Demolish Zuckerberg’s Social Media Empire”
Breaking up Facebook would be more complicated than it sounds. According to Bloomberg Quint on Thu Dec 10, “Facebook protested, saying that these deals were sealed years ago, in 2012 and 2014. “, “But every day that the FTC deliberates on remedies for the alleged Facebook monopoly, Facebook engineers are working to weave the products together more tightly.”
Facebook, google risk fines up to 6% revenue under new EU rules. According to Bloomberg Quint on Thu Dec 10, “If Facebook was to be fined the maximum 6% under the new rules, it could cost the social network $4.2 billion, based on 2019 revenue. “, “Facebook and Alphabet Inc.’s Google have come under intense scrutiny for the dissemination of hate speech and terror propaganda, alongside failing to halt the spread of disinformation during the 2016 U.S. presidential election and the U.K.’s Brexit vote.”
Break up Facebook? it’s complicated, tech experts say. According to The Wall Street Journal on Thu Dec 10, “In a memo sent to employees on Wednesday, Facebook Chief Executive Mark Zuckerberg said the lawsuits would take years to play out, and said he believed the company would prevail in court.”, “Months before the FTC suit, Facebook called divestment of the apps “a complete nonstarter” in a briefing document, saying that disentangling them would result in diminished products, weaker security for user data and billions of dollars in redundant spending.”
Facebook lawsuits take aim at data-sharing tool key to digital economy. According to The Wall Street Journal on Fri Dec 11, “Dueling antitrust lawsuits against Facebook Inc. highlighted the social-media giant’s acquisitions of photo-sharing platform Instagram and messaging service WhatsApp.”, “The suits filed Wednesday by the Federal Trade Commission and 46 state attorneys general argue Facebook leveraged its trove of user information both to entice third-party developers onto the platform and to bend them toward its will.”
Facebook monopoly cases to be overseen by obama-nominated judges. According to Bloomberg Quint on Fri Dec 11, “Antitrust lawsuits against Facebook Inc. that were filed this week by the U.S. government and a group of states will be overseen by federal judges appointed by President Barack Obama.”, “Earlier: Facebook Risks Instagram-WhatsApp Breakup in Antitrust Case”
Facebook lawsuit is career-defining act for FTC chairman. According to The Wall Street Journal on Fri Dec 11, “When the FTC and 46 states unveiled their tandem lawsuits against Facebook Wednesday afternoon, the commission held no press conference, and Mr. Simons said nothing at all. “, “The FTC lawsuit alleges Facebook engaged in an anticompetitive campaign to buy up and shut out rivals. ”
The boston tea party’s warning for Facebook and google. According to Bloomberg Quint on Sat Dec 12, “But now more than 40 states – and the Federal Trade Commission – have filed suit against another tech giant: Facebook. “, “But Facebook and Google shouldn’t ignore the popular forces gathering power against them: Americans have a long history of viewing monopolies as inherently dangerous, no matter what benefits they bring.”
Experts say the antitrust suits against Facebook May not change anything, but they’re still a ‘big deal’ and signal that the US government will no longer look the other way. According to Business Insider on Sat Dec 12, “Facebook also recognized Instagram as a formidable challenger before it acquired the platform – Zuckerberg wrote in 2012 that it would be “really scary” for Facebook if Instagram remained a standalone competitor.”, “Both the FTC’s suit and that filed by 48 attorneys general come on the heels of a rocky few months for Facebook, as a reckoning in tech looks to be on the horizon.”
In India, Facebook fears crackdown on hate groups could backfire on its staff. According to The Wall Street Journal on Sun Dec 13, “Facebook has staff on the ground, recently invested $5.7 billion in a new retail venture and interacts with a government whose politicians have ties to Hindu nationalist groups.”, “Facebook Inc. balked at removing the group following warnings in a report from its security team that cracking down on Bajrang Dal might endanger both the company’s business prospects and its staff in India, the people said. ”
Facebook reportedly hasn’t banned a violent religious extremist group in India because it fears for its business prospects and staff’s safety. According to Business Insider on Mon Dec 14, “We enforce our Dangerous Organizations and Individuals policy globally without regard to political position or party affiliation,” a Facebook company spokesperson told Business Insider.”, “According to the Journal, Facebook refused to say whether it ultimately decided to designate Bajrang Dal as not dangerous.”
Facebook might pose dangers. but it isn’t a monopoly.. According to Bloomberg Quint on Mon Dec 14, “Gliding by all this, both suits simply assert that Facebook is an unlawful monopoly. “, “Although few people at the time thought either company was a direct threat to Facebook’s core business, their combined firepower in the hands of an already dominant platform was certainly enough to give pause. ”
Facebook investors don’t need to fear a breakup. According to Bloomberg Quint on Mon Dec 14, “If innovation-focused investors get skittish about antitrust risks and dump Facebook’s stock, value investors should be there to pick it up, with the investment case tied more to returning capital to shareholders than taking over the world. “, “Meanwhile, growth-centric investors could get access to faster-growing, undermonetized Instagram and Whatsapp without the messiness of Facebook Blue. ”
Facebook investors don’t need to fear a breakup. According to Bloomberg Quint on Mon Dec 14, “A coalition of statesis suing to try to break up Facebook Inc.- the latest event to call the company’s future into question. “, “Blue could be to Facebook what eBay’s marketplace business was to eBay, a slow-growth business that generates a lot of profit.”
Amazon, Facebook among targets in FTC review of privacy policies. According to Bloomberg Quint on Mon Dec 14, “The U.S. Federal Trade Commission issued orders to Amazon.com Inc., Google’s YouTube and Facebook Inc., among others, as it launched a study into the data practices of technology platforms.”, “The orders are also being sent to ByteDance Ltd., which operates the short video service TikTok, Discord Inc., Reddit Inc., Snap Inc., Twitter Inc. and Facebook’s WhatsApp. “