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Facebook, Inc. (FB)

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310.39-0.21 (-0.07%)
At close: 04:00PM EST
309.70 -0.69 (-0.22%)
After hours: 07:59PM EST
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  • b
    ben
    Meta assumed with a Buy with a price target of $425 (up from $416) at UBS
    UBS analyst Lloyd Walmsley assumed coverage of Meta with a Buy rating with a price target of $425, up from $416. The company is positioned to benefit from better operating performance and multiple expansion following the reset of Q3 results, the analyst tells investors in a research note. Ad checks tell us budget cuts specific to ATT/ privacy headwinds were swift, and as ad tech improvements hit, budgets are expected to return quickly, Walmsley adds, stating that he sees additional upside potentially coming from Reels, Watch and eCommerce functionality.
  • T
    Tibor
    Check out the 5 year return among popular stocks as of today

    TSLA 3,054%  
    AMD 1,756%
    NVDA 1,377%
    AAPL 501%
    MSFT 458%
    AMZN 373%
    GOOG 279%
    NASDAQ 195%
    FB 181% <----------------------
    S&P 500 108%
    DOW 80%
  • K
    Kevin
    Britain directs Facebook to sell GIF maker Giphy

    Britain's competition regulator said on Tuesday it has directed Facebook owner Meta Platforms to sell animated images platform Giphy after finding that the deal could harm social media users and UK advertisers.

    The Competition and Markers Authority (CMA) said the decision was in line with provisional findings that Facebook's acquisition of Giphy would reduce competition between social media platforms and in the display advertising market.

    "The tie-up between Facebook and Giphy has already removed a potential challenger in the display advertising market ...By requiring Facebook to sell Giphy, we are protecting millions of social media users and promoting competition and innovation in digital advertising," said Stuart McIntosh, chair of the independent investigation for the CMA.

    Facebook, now rebranded Meta Platforms as the parent company of the eponymous social media network, said it disagreed with the decision.

    "We are reviewing the decision and considering all options, including appeal," a spokesperson for Meta said.

    The CMA in October fined the company about $70 million for breaching an order that was imposed during its investigation into the deal, having hinted in August that it may need Facebook to sell Giphy.
  • J
    John
    Can't believe investors value companies like $SNOW over $FB. $FB should easily be $20-$30 more than $SNOW that is currently at $330. Decentralized land is already selling for 10's of millions of dollars, just wait until $FB starts to tap in!
  • T
    TD101
    All tech is red. WTH is driving the Nasdaq up 135 points?
  • d
    don
    I don’t think we will know fair value until we see Quest 2 sales and the growth in the Reality Labs portion of the business. So I guess I will hold strong and count on the legacy ads business to continue to produce strong results. We will see.
  • J
    John
    Meta assumed with a Buy with a price target of $425 (up from $416) at UBS
    UBS analyst Lloyd Walmsley assumed coverage of Meta with a Buy rating with a price target of $425, up from $416. The company is positioned to benefit from better operating performance and multiple expansion following the reset of Q3 results, the analyst tells investors in a research note. Ad checks tell us budget cuts specific to ATT/ privacy headwinds were swift, and as ad tech improvements hit, budgets are expected to return quickly, Walmsley adds, stating that he sees additional upside potentially coming from Reels, Watch and eCommerce functionality.
  • J
    John
    Can anyone give me a logical explanations as to why $FB stock is not sitting at a sturdy $350??? Seems to me like this is a stock set for major growth in the coming year. Once the metaverse has been unleashed to the public, gamers from across the world can finally meet face to face. Not to mention $FB has recently partnered with $MSFT - Microsoft and $AMZN - Amazon!!!
  • j
    joed
    Gotta just forget about this stock for a few weeks. When the institutions start buying again it will be hard and heavy.

    We may easily see +$30 in one day, but it’s a matter of when. We could breach $300 before that.

    The value is there. FB is cheaper than pretty much every tech company on the exchanges.
  • N
    Nole
    Facebook whistleblower will talk Section 230 reform with Congress this week

    Facebook whistleblower Frances Haugen will testify Wednesday at a House Energy and Commerce technology subcommittee hearing to discuss proposals to a provision that protects tech companies from being held legally responsible for content posted on their sites by third parties.

    It will be Haugen's second time testifying on Capitol Hill, following her debut appearance last month at a Senate Commerce hearing after she leaked documents about internal Facebook research.

    Haugen will testify on a panel alongside Color of Change President Rashad Robinson and Common Sense Media founder and CEO James Steyer, Democrats announced Monday.

    A second panel will feature four other experts in the area: Karen Kornbluh, a senior fellow at the German Marshall Fund of the United States, Carrie Goldberg, owner of C.A. Goldberg Law Firm, Matt Wood, vice president of policy and general counsel at Free Press Action, and Mary Anne Franks, professor at the University of Miami School of Law.

    Wednesday's hearing, focused on Section 230 of the Communications Decency Act, is the first of two the committee has scheduled for December on tech issues.

    The following Thursday, Dec. 9, the consumer protection subcommittee will hold a hearing on proposals focused on proposals to enhance transparency and promote online safety.

    There has been bipartisan criticism of tech giants and an array of proposals to reform Section 230, but little consensus on a way to go forward.

    During last month's Senate hearing, Democrats and Republicans touted Haugen as a credible witness and praised her for coming forward. The Senate hearing largely focused on issues related to children's safety, which has emerged as a rare, unifying issue for lawmakers on both sides of the aisle.

    The Senate is also pushing forward with hearings focused on the widely reported documents leaked by Haugen. Next week the Senate Consumer Protection subcommittee will hold a hearing featuring the head of Instagram Adam Mosseri.
  • p
    primo
    If you’re looking for a short and sweet guide to the day’s biggest news, I recommend (http://trademarketview.tech). They breakdown the most important pre-market news and it only takes a few minutes to read.
  • M
    Marc-André
    a very good longterm hold. one day Meta will be at 1000$.
  • j
    joe
    There is no other social media in the world can come close to Facebook, number 1 platform ads for all businesses big and small
  • J
    Joemoney
    FB is not alone in being flat on an up day in the market. Look at the Nasdaq 100, a ton of other reputable companies are trading flat: AVGO, MU, AAPL, MSFT, DOCU, etc. This is not a problem specific to FB.
  • D
    Daniel
    Nothing wrong with today. Just a day where a good company played tug of war against a bad market.
  • C
    C
    Twitter ceo steps down and the stock is up 4% the next day. Mark please step down. You’re scaring the children and investors.
  • s
    sam
    We are now trading at 18x 2022 earnings if they come in at the high end. 21x consensus estimate. 26x the lowest estimate. Convince me again how this thing trades lower shorties. Please. Long and strong
  • D
    Dennis
    WATCH LIVE: House hearing on social media reform with Facebook whistleblower Frances Haugen
    www.youtube.com
  • R
    Roger
    Hedge funds will continue to unload FB ahead of next week's hearing
  • s
    stockpolitic
    Just added to my FB position.........I buy automatically when this stock is 20% off its highs.....period, full stop !