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. Facebook’s share […]
Facebook Share Price Outlook: Latest Lawsuits Puts FB in Danger of Dropping Below $260
Facebook’s share price is facing headwinds this Thursday, as hearing begins into a review of an August order to suspend Facebook user data flows from the EU to the US, made by the highest court in Europe. Ireland’s Data Protection Commission had in August, suspended the data flow in response to […]
Facebook Share Price Faces Tough Test As FTC Launches Antitrust Lawsuit
The US Federal Trade Commission and several US states have filed antitrust lawsuits against social media giant Facebook, over what it terms a “buy or bury” tactic it alleges the company is using to maintain its market monopoly. The lawsuit is coming after Google’s parent company Alphabet was also hit […]
Facebook Looks to Rebound from Tech Sell-Off but Election Weighs
Facebook was 1.9% higher in the first half hour of Wednesday trading as the stock rebounds from weakness in tech stocks. The Nasdaq sold off heavily on Monday and Tuesday on news of a potential coronavirus vaccine by year-end. The Nasdaq was hit by the drop in valuations of tech […]
What Do Analysts Expect for Facebook Share Price As Q3 Earnings Beckon?
Sign up to find out more about what investors expect with Facebook share price in response to its earnings.
Facebook Share Price Backs Off from $300 – Will a Correction Unfold?
The Facebook share price has fallen 3% on the day as the stock retreats from the $300 level for a second time. The move lower mirrors a 3.46% drop in the Nasdaq 100 as high jobless claims and a slowdown in the services sector had traders nervous about a slower […]
Facebook Share Price Eyes $280 but Downside Risks Remain
The Facebook share price continues to March higher with gains of 16% coming in the last month alone after the company released its second-quarter earnings on July 30th. Despite the ongoing virus impact on businesses, Facebook still managed to outperform on revenue and user base growth. Daily active users (DAUs) […]
Nasdaq 100 Sees Gains Along With The Big Five, As Moderna Inc Inks Vaccine Supply Deal
A boost from the big five on the Nasdaq 100 composite index is boosting that index by 2.25% on the day. The US markets have made a positive impression on the day, after yesterday’s losing session, with the Nasdaq 100 getting a big push from stocks of Apple, Amazon, Facebook, […]
Dow Jones Futures Rebound – Apple, Amazon, and Facebook Earnings Boost Sentiment
The Dow Jones futures add over 80 points as the Industrial Average attempts a rebound from yesterday’s sharp losses. Better than expected corporate earnings reported from top technology companies after the closing bell yesterday, improved sentiment.
Facebook Share Price Jumps 6.25% After Hours on Strong Earnings
Facebook Q2 2020 earnings beat expectations sending the price 6% higher