An investigation by the Office of the Privacy Commissioner of Canada (OPC) found that by participating in Meta's offline conversions program Home Depot shared the e-receipts that included encoded email addresses and purchase information. The regulator added that the home goods chain stopped sharing customer information with Meta in October 2022, which was among the recommendations made by OPC, until the company is able to implement measures to ensure valid consent. Home Depot and Meta did not immediately respond to Reuters requests for comment.
Despite falling 23% in 2022, home improvement retailer Lowe's Companies (NYSE: LOW) has seen its stock climb 448% over the past decade, an outstanding return that doesn't include the company's generous dividends. Right now, Lowe's stock carries a price-to-earnings (P/E) ratio of 20, which is below its trailing-five-year valuation.
If you're an investor who loves generating passive income from your holdings, then take a look at Home Depot (NYSE: HD). Since its initial public offering in September 1981, Home Depot's stock has skyrocketed 1,500,000% (as of Jan. 24). With a market cap of $323 billion today, Home Depot has become one of the largest and most dominant businesses in the world.