|Bid||182.69 x 1400|
|Ask||182.90 x 1200|
|Day's range||180.00 - 181.83|
|52-week range||123.02 - 218.62|
|Beta (3Y monthly)||1.33|
|PE ratio (TTM)||26.91|
|Earnings date||23 Jul 2019 - 29 Jul 2019|
|Forward dividend & yield||N/A (N/A)|
|1y target est||222.30|
Don’t expect unbridled enthusiasm over Facebook’s reported cryptocurrency push just yet. “I don’t believe it’s going to be this kind of major game-changer,” Brent Thill, Jefferies senior technology analyst, tells Yahoo Finance’s ‘The Ticker.’
Reports that Facebook Inc. is about to roll out a cryptocurrency as soon as next week have helped bitcoin to notch its best weekly trading period in about three weeks.
As federal regulators sharpen their focus on big tech, expect to see and hear more from Rep. Ro Khanna, a Silicon Valley congressman who is shaping legislation with a Republican counterpart that is tantamount to an internet Bill of Rights.
If federal regulators are serious about prosecuting Big Tech icons for antitrust practices, they’ll probably have to redefine what constitutes a monopoly in the industry.
Investors might want to think twice before dismissing potential antitrust probes of Big Tech as a temporary concern.
It recently emerged that Facebook was planning to launch a cryptocurrency, GlobalCoin, designed to propel it into the payments sector via its Whatsapp, Instagram and Facebook messaging platforms. The initiative is alleged to launch in a dozen countries by Q1 2020 and is, quite frankly, very ambitious for the conglomerate considering both their and the cryptocurrency sector’s questionable reputations. Facebook’s trust conundrum Unless you’ve been living under a rock, you’re probably aware that cryptocurrencies had a tough year and a half with a slew of scandals and continued poor market performance. And if you’re six feet under that rock, you probably also missed that Facebook has been suffering crisis after crisis since a whistleblower revealed that the social media giant The post Will GlobalCoin make us trust Facebook again? appeared first on Coin Rivet.
Facebook (FB) Watch has now more than 720-million monthly and 140-million daily users, who spend at least one minute on Watch.
Facebook’s cryptocurrency is the innovation that no one is asking for. But it might just be the jolt that Bitcoin and other digital assets need.
Google Inc. CEO Sundar Pichai is concerned overzealous antitrust probes of Big Tech, including his own, could have far-flung, damaging consequences for the U.S. economy and national security.
The Wall Street Journal reported it had signed up a number of major companies -- including Visa, Mastercard, PayPal and Uber -- to back the project. Bowles's new title at Facebook will be public policy director for Northern Europe, according to a person familiar with the situation. The cryptocurrency plan ``may prove to be one of the most important initiatives in the history of the company to unlock new engagement and revenue streams,'' RBC analyst Mark Mahaney wrote in a June 13 note.
Google Chief Executive Officer Sundar Pichai made the pitch in a recent CNN interview. "When we look at it globally, our tech companies are going to contribute to our economic growth in an important way.
The stock rose as much as 2.5% in morning trading, extending a recent uptrend. “Investors may be getting relatively comfortable with the underlying regulatory risk” facing major Internet and technology stocks, wrote Youssef Squali, an analyst at SunTrust Robinson Humphrey. According to the firm’s calculations, Facebook’s five main businesses -- the namesake social network, Instagram, Facebook Messenger, WhatsApp and Oculus -- have a sum-of-the-parts valuation that implies a share price of $226, or 27% above Facebook’s Thursday close.
A group of payments and other companies, including Visa, Mastercard, PayPal and Uber, agreed to invest about $10 million each in a consortium to oversee the digital coin Facebook plans to unveil next week, the Wall Street Journal reported late Thursday. Separately, the Wall Street Journal also reported Facebook plans to step up its marketing spending in a shift in its consumer-facing advertising strategy. Facebook shares climbed as much as 2.5% to $181.84 at 9:35 a.m. in New York.
In a report published Friday, the EU found evidence of "coordinated inauthentic behavior" on online platforms ahead of the European Parliament elections last month.
Facebook Watch has been conspicuously overlooked since it made its debut in 2017. Hampered by modest viewership, the video service gained some traction last year with the premiere of Tom Brady’s “Tom vs.
Investing.com - Cryptocurrencies saw mixed trade on Friday, but were still on track for a weekly gain of 3% led by Litecoin, Bitcoin and Ethereum.
Uber, PayPal, Visa and Mastercard have reportedly signed up to support Facebook's upcoming blockchain project.
The main U.S. stock indexes closed in positive territory on Thursday, lifted by surging energy stocks and oil prices. Oil spiked after 2 tanker ships carrying refined petroleum products were attacked in the body of water near Iran.