|Bid||53.76 x 1800|
|Ask||53.78 x 1300|
|Day's range||53.37 - 54.92|
|52-week range||27.12 - 80.75|
|Beta (5Y monthly)||0.74|
|PE ratio (TTM)||N/A|
|Earnings date||22 Jul 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||63.54|
The company said it will use Britain as a springboard for further expansion in Europe and will start with company-owned stores and later move to a franchise model.
(Bloomberg) -- Facebook Inc.’s internal rules for banning content are a “shambles,” and the company needs to fix the process to have credibility in enforcing them, a member of the social media giant’s independent content oversight board said.The comments by Michael McConnell, the panel’s co-chairman, follow its decision last week to leave in place a ban on former President Donald Trump for his posts surrounding the storming of the U.S. Capitol by his supporters on Jan. 6.“Their rules are a shambles,” McConnell said on “Fox News Sunday.” “They are not transparent. They are unclear. They are internally inconsistent.”“We gave them a series of recommendations about how to make their rules clearer and more consistent,” McConnell said. “The hope is that they will use the next few months to do that and then, when they come back and look at this, they will be able to apply those rules in a straightforward way.”Facebook upheld its ban on Trump for six months. The company suspended his account after Trump encouraged his supporters to storm the Capitol in what became a deadly attempt to stop the counting of Electoral College votes for President Joe Biden. The ban was originally temporary, but was changed to an indefinite suspension the following day.‘Egging On’ McConnell also said Trump’s posts were a “plain violation of Facebook’s rules” against praising dangerous individuals and organizations during a time of violence.During the Jan. 6 riot, Trump “issued these statements which were just egging on -- with perfunctory asking for peace, but mostly, he was just egging them on to continue,” McConnell said. Members of both parties in Congress have called for breaking up large tech companies, arguing that they exert monopolistic power on the marketplace, censor certain voices, and hold back innovation. Conservatives, including Republican Senator Josh Hawley of Missouri, have called for breaking up Facebook over Trump’s ban.Private CompanyMcConnell, a constitutional law professor at Stanford University and former federal judge, dismissed concerns that Facebook was violating Trump’s First Amendment rights by leaving the ban in place, saying the social media giant is a private company.“He’s a customer,” McConnell said. “Facebook is not a government and he is not a citizen of Facebook.”A lack of consistency and transparency around Facebook’s content rules do, though, contribute to questions about bias and unfairness, he said.“Fairness and consistency are absolute bedrocks of freedom of expression rules,” McConnell said. “If Facebook simply let Mr. Trump off the hook completely, it would not be equal treatment of everyone because all users of the platform are subject to the same set of rules, and that includes Mr. Trump.”McConnell dismissed concerns from Hawley and others that he and other members of the oversight board are “toadies” for Facebook because the company’s CEO Mark Zuckerberg appointed them.“I’ve gotten to know these 20 people around the world and the danger that they are toadies for Facebook is just about zero,” McConnell said, referring to the other members of the board. “Many of them have spent their careers criticizing Facebook. We are not beholden to Facebook.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
(Bloomberg) -- Dogecoin, the fifth most valuable cryptocurrency, retreated from an all-time high after billionaire Elon Musk, appearing on “Saturday Night Live,” jokingly called it “a hustle.”The altcoin had surpassed 73 cents on Saturday before dropping to 46.01 cents as of 8:08 a.m. in New York Sunday, a 35% decline in 24 hours, according to pricing from CoinGecko.Dogecoin hadn’t been below 50 cents since May 4, amid a rally in anticipation of the “SNL” episode. The activity may also have affected Robinhood, which said earlier that it was having some issues with crypto trading, citing high volume and volatility.Musk was asked repeatedly during the “Weekend Update” segment to explain what Dogecoin is. After reciting multiple facts about the cryptocurrency in the character of a financial expert, he was asked if Dogecoin was a “hustle.” He responded, “yeah, it’s a hustle.”Musk, 49, is the world’s second-richest person with a net worth of $183.9 billion, according to the Bloomberg Billionaires Index. In his monologue, he said he’s the first person with Asperger’s to host the show; Dan Aykroyd actually was. Musk helped drive Dogecoin to new heights on Friday and Saturday after tweeting a picture of himself and a Shiba Inu, the dog breed that lends its image to the altcoin, on the set of the NBC show.Dogecoin, a cryptocurrency that started as a joke in 2013, has surged more than 16,000% in the past year, according to CoinGecko. Musk has been among its biggest boosters, along with Mark Cuban, Snoop Dogg and Gene Simmons. Dogecoin traders around the world organized watch parties for the “SNL” episode.An earlier Dogecoin reference came during the opening monologue where his mother, Maye Musk, joined him on stage. The author and model said she was excited about her Mother’s Day gift, and she hoped it’s not Dogecoin -- to which he said, “it is.”In the character of the financial expert, Musk also called Dogecoin “the future of currency, it’s an unstoppable financial vehicle that’s going to take over the world.”Meanwhile, DCG Holdco Inc. CEO Barry Silbert posted on Twitter hours before the “SNL” episode that he’d gone short Dogecoin via a leveraged token, and that it was time for people to convert Dogecoin into Bitcoin. He later added that if Dogecoin hits $1 by May 31, $1 million would be donated “to a charitable cause selected by the Dogecoin community.”Bitcoin, the largest cryptocurrency, retreated more than 1% to about $58,000. Musk’s Tesla Inc. announced in February that it had bought $1.5 billion of Bitcoin, and the head of the electric-car giant himself has spoken of the digital asset in favorable terms.Read more: It’s Hard to Take Dogecoin Seriously, But the Doge Doesn’t CareCryptocurrencies are “promising, but please invest with caution,” Musk tweeted on Friday, linking to a video that showed him talking about the merits of crypto, particularly Dogecoin. That followed months of Twitter posts from Musk about the likes of Bitcoin and Dogecoin, almost all favorable.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.