459.29 -0.34 (-0.07%)
After hours: 7:59PM EDT
|Bid||459.15 x 3000|
|Ask||459.29 x 800|
|Day's range||452.18 - 460.00|
|52-week range||201.00 - 464.17|
|Beta (5Y monthly)||1.23|
|PE ratio (TTM)||34.86|
|Earnings date||28 Oct 2020 - 02 Nov 2020|
|Forward dividend & yield||3.28 (0.71%)|
|Ex-dividend date||07 Aug 2020|
|1y target est||425.17|
Facebook joined the growing ranks of companies publicly complaining about the 30% fee that Apple collects on payments made through its App Store. Facebook said that to support struggling businesses, it won't be collecting any fees on those events, at least for the next year, which means that those businesses keep 100% of payments on the web and on Android.
Businesses will now be able to monetize online events on Facebook, thanks to a new feature that the social network is launching in the United States and 19 other countries today. In a call with reporters, Head of Facebook App Fidji Simo said that Facebook's Events feature was designed for in-person events, but with the COVID-19 pandemic and resulting social distancing orders, the company "really quickly pivoted" to supporting online events. In fact, Simo said that in June of this year, live broadcasts on Facebook Pages doubled compared to the same period in 2019.
On Thursday Epic filed a lawsuit in federal court after Apple pulled "Fortnite" from its App Store to punish Epic for implementing a payment mechanism that bypassed Apple's practice of taking a 30% commission on in-app purchases. The suit seeks a court order ending Apple's commission structure and forcing Apple to allow users to install software on iPhones outside the confines of the App Store. Epic is not the first to sue over the App Store.