Shares of Facebook fell 1.2% to $270.90 at 13:21 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, up to now, a somewhat positive trend exchanging session today.
Facebook’s last close was $274.19, 12.47% 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, "So what would happen if, as a result of the antitrust suits filed by the Federal Trade Commission and state attorneys general, a court ordered Facebook to split up, reversing its acquisitions of WhatsApp and Instagram? ", "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 current 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 $270.90 at 13:21 EST, way under its 52-week high of $304.67 and way above 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, "If they don’t like Facebook’s privacy policies, or if they want fewer ads, or are offended by Facebook’s unwillingness to face squarely the amount of disinformation on its platform, what are their options? ", "But I’ve long believed that there is simply no other way to curb Facebook’s immense monopoly power."
Facebook hit with antitrust lawsuits from FTC and states seeking to divest instagram and whatsapp. According to Business Insider on Thu Dec 10, "The U.S. Federal Trade Commission is seeking a permanent injunction in federal court that could require divestitures of assets, including Instagram and WhatsApp; prohibit Facebook from imposing anti-competitive conditions on software developers.", "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."
Facebook sees whatsapp as its future, antitrust suit or not. According to Bloomberg Quint on Thu Dec 10, "Facebook had built an advertising empire based on persuading users to make as much of their lives public as possible. ", "Facebook sees Kejriwal’s business as an example of how it can make money from private messaging. "
Facebook breakup would demolish zuckerberg’s social media empire. According to Bloomberg Quint on Thu Dec 10, "Now, the FTC wants Facebook to divest the two businesses — an idea that poses an existential threat to the empire built by Chief Executive Officer Mark Zuckerberg.", "Facebook wouldn’t be the only company in for a struggle if divestments are eventually required. "
Facebook breakup seen as real risk in landmark antitrust cases. According to Bloomberg Quint on Thu Dec 10, "Facebook saw direct messaging apps as a significant threat, according to emails from Zuckerberg and employees that were included in the complaints.", "”The story they tell out of Facebook’s documents is powerful: a company that perceived a sudden and dangerous threat to its position and it had to neutralize that threat urgently,” he said."
U.S. crackdown on Facebook gets thumbs up from eu’s vestager. According to Bloomberg Quint on Thu Dec 10, "Germany’s antitrust authority, known as the Bundeskartellamt, opened an investigation Thursday into Facebook because using Oculus’ latest virtual-reality Quest 2 glasses requires a Facebook account. ", "Minutes after she spoke Thursday, German regulators started a fresh antitrust probe into Facebook’s Oculus virtual-reality headsets."
Breaking up Facebook would be more complicated than it sounds. According to Bloomberg Quint on Thu Dec 10, "It tookInstagram’s technical team years totransfer all of its photos from Amazon cloud storage to Facebook’s data centers.", "He sees us all as users of Facebook, through whichever portal we prefer."
Facebook, google risk fines up to 6% revenue under new EU rules. According to Bloomberg Quint on Thu Dec 10, "On Wednesday, Facebook Inc. was sued by U.S. antitrust officials and a coalition of states that want to unwind its acquisitions of Instagram and WhatsApp, alleging the deals were designed to illegally squash competition.", "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. "
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.", "Breaking up Facebook Inc. would be difficult and expensive, but not impossible, according to current and former employees along with tech-industry experts."
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 filing of the FTC’s antitrust lawsuit against Facebook Inc., though, was a career-defining act."
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, "The lawsuit represents a major legal action taken by the US government against Facebook. ", "The House antitrust subcommittee has investigated Facebook, the Senate judiciary subcommittee is mulling over tweaking Section 230 protections, and a greater public discourse around tech regulation has taken hold as online consumers become more aware of the platforms they use every day."
In India, Facebook fears crackdown on hate groups could backfire on its staff. According to The Wall Street Journal on Sun Dec 13, "The calculus is especially complicated in India, Facebook’s largest market by users. ", "Members of a Hindu nationalist organization known as Bajrang Dal claimed responsibility in a video describing the incursion that has been viewed almost 250,000 times on Facebook. "
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, "In August, Facebook took the rare step of legal action against Thailand’s government over its demand that the company block users within the country from accessing a group critical of its king, though it’s complying with the government’s request while the case proceeds in court.", "However, Facebook’s top public policy executive in India overruled them, arguing that the political repercussions could hurt the company’s business (India is its largest and fastest-growing market globally by number of users)."
Facebook might pose dangers. but it isn’t a monopoly.. According to Bloomberg Quint on Mon Dec 14, "If Congress objects to Facebook’s treatment of user data, it should pass a national privacy law. ", "Gliding by all this, both suits simply assert that Facebook is an unlawful monopoly. "
Facebook investors don't need to fear a breakup. According to Bloomberg Quint on Mon Dec 14, "In the same way, a less innovative Facebook is still likely to reap years of revenue growth from riding the secular trend in digital advertising growth.", "Despite its enviable growth rate and online advertising duopoly with Alphabet Inc.’s Google, Facebook’s stock has a relatively pedestrian valuation. "
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. ", "In the same way, a less innovative Facebook is still likely to reap years of revenue growth from riding the secular trend in digital advertising growth."
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. "