The Facebook stock price shrugged off blowout second-quarter earnings and instead reacted to the pessimistic forward guidance, losing 4% after the close. Facebook Inc (NASDAQ: FB) finished yesterday’s official trading session at $373.44, higher by $1.29 (0.35%). After setting an all-time high of $377.54 on Tuesday, expectations coming into yesterday’s […]
Facebook share price’s all-time high set on Friday at 375.33 was breached today after the EU privacy watchdog EDPB set a one-month deadline to conclude the Irish data protection agency’s inquisition into Facebook and WhatsApp. The company is seeking a quick conclusion to the drawn-out process as it builds momentum […]
On Wednesday, Facebook reports its second-quarter earnings, in which analysts are expecting a 60% growth in sales from the same period last year to $28 billion. This figure represents a faster pace of growth quarter-on-quarter. Facebook produced a near-doubling of its profits to $9.5 billion and a 48% surge in […]
The data protection commission in Germany has mandated all government organizations in Germany to close down their FB pages, saying that Facebook had failed to make the changes required for compliance with German and EU privacy laws. Data Protection Commissioner Ulrich Kelber made this known in a letter sent out […]
The Facebook stock price has been on a great run and trading just below its all-time high. However, the G7’s new tax initiative could stifle the rally. Yesterday G7 leaders announced a “historic agreement” to combat tax abuse by multinational tech companies. The seven wealthy countries also agreed to introduce […]
German data protection regulators for Facebook have banned the company from processing personal data of WhatsApp users, deeming the new addition to its terms of usage as illegal. Facebook had introduced new terms into its WhatsApp usage policy, giving the company power to extract and utilize users’ data as it […]
Facebook Inc’s shares rose slightly on Wednesday after the company’s advisory board upheld the suspension of the account of former U.S. President Donald Trump. However, the board determined that the indefinite suspension meted out to the former president was inappropriately imposed, as it lacked clear standards. This policy, the board […]
Facebook’s shares are up more than 5% in after-hours trading after the company reported Q1 2021 earnings of $3.30 per share, which was nearly double the earnings recorded for the same period a year earlier. This figure was also better than the $2.34 earnings per share that had been projected […]
Facebook Inc’s (FB) stock price hit an all-time high after the bell as their first quarter earnings smashed analysts estimates. Facebook stock price exploded +7% to $328 per share after announcing an increase in advertising revenue of 48% for the first quarter of 2021. This move set a new record […]
[adrotate group=”3″] The Wall Street Journal is reporting that Google and Facebook agreed to work together if the US government launched an investigation into their online ad sharing pact. The WSJ referenced its claims from the text of the lawsuit that was filed against Google last week by 10 US states. […]
