278.09 +0.98 (0.35%)
Before hours: 6:20AM EDT
|Bid||0.00 x 900|
|Ask||278.51 x 800|
|Day's range||274.26 - 285.20|
|52-week range||137.10 - 304.67|
|Beta (5Y monthly)||1.30|
|PE ratio (TTM)||33.88|
|Earnings date||29 Oct 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||291.55|
Last month, former Facebook and Pinterest executive Tim Kendall told Congress during a House hearing on the dangers of social media that Facebook made its products so addictive because its ad-driven business model relies on people paying attention to its product longer every day. On Friday morning, we talked with him about the FTC inching closer to filing an antitrust lawsuit against Facebook for its market power in social networking; what he thinks of the DOJ's separate new antitrust lawsuit against Google; and how venture capital contributed to the "unnatural" ways the companies have commanded our attention -- and advertisers' dollars along with it.
Facebook will soon be the latest tech giant to enter the world of cloud gaming. Facebook is not building a console gaming competitor to compete with Stadia or xCloud; instead, the focus is wholly on mobile games. Why cloud stream mobile games that your device is already capable of running locally?
The U.S. Federal Trade Commission needs new powers to protect the struggling U.S. local news industry from unfair competition from large technology companies, a senior U.S. lawmaker said. Maria Cantwell, the top Democrat on the Senate Commerce Committee, said in a report released Tuesday that "local news has been hijacked by a few large news aggregation platforms, most notably Google and Facebook, which have become the dominant players in online advertising."