278.89 +0.16 (0.06%)
After hours: 7:04PM EDT
|Bid||279.00 x 900|
|Ask||279.00 x 2200|
|Day's range||276.37 - 283.05|
|52-week range||137.10 - 304.67|
|Beta (5Y monthly)||1.30|
|PE ratio (TTM)||34.08|
|Earnings date||29 Oct 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||291.55|
Think the government's antitrust suit against Google will stop Big Tech? Think again.
The EU parliament has backed a call for tighter regulations on behavioral ads (aka microtargeting) in favor of less intrusive, contextual forms of advertising -- urging Commission lawmakers to also assess further regulatory options, including looking at a phase-out leading to a full ban. The legislative initiative, introduced by the Legal Affairs committee, sets the parliament on a collision course with the business model of tech giants Facebook and Google. Parliamentarians also backed a call for the Commission to look at options for setting up a European entity to monitor and impose fines to ensure compliance with rebooted digital rules -- voicing support for a single, pan-EU Internet regulator to keep platforms in line.
Using social networks to connect with neighbors and local services has surged during the Covid-19 pandemic, and Facebook -- with 2.7 billion users globally -- is now looking at how it can tap into that in a more direct way. In the same week that it was reported that Nextdoor is reportedly gearing up to go public, Facebook has started to test a Nextdoor clone, Neighborhoods, which suggests Facebook-generated Neighborhood groups (with a capital N, more on that below) local to you to join to connect with people, activities and things being sold in the area.