Tag: Facebook

April 28, 2022

The tech-heavy Nasdaq index, which is frequently used as a benchmark for the tech sector, has crashed into a bear market. The index has fallen 22% from its record high close last November. However, as my colleague Max King points […]

April 27, 2022

Meta Platforms (FB) stock prices have plummeted from their September 2021 highs, falling more than 50% from those levels, pressured by slowing growth in the business, privacy changes to Apple’s iOS, stronger competition, doubts about the metaverse venture and broad-based […]

March 11, 2022

British and European regulators threatened to crack down on Google and Facebook parent Meta over an agreement for online display advertising services, saying Friday that the deal may breach rules on fair competition. The fresh scrutiny in Europe, which has […]

February 3, 2022

Newly renamed Meta is investing heavily in its futuristic “metaverse” project, but for now, relies on advertising revenue for nearly all its income. So when it posted sharply higher costs but gave a weak revenue forecast late Wednesday, investors got […]

October 21, 2021

Fighting one of the most powerful companies in the world can be expensive, but Facebook whistleblower Frances Haugen has the billionaire founder of eBay in her corner, according to a Wednesday Politico report. His name is Pierre Omidyar, a well-known […]

July 13, 2021

The regulator has threatened to impose additional penalties of £769,000 (€900,000) per day if Google doesn’t produce proposals within the next two months to compensate news publishers. The action comes amid global concern of the impact Facebook and Google are […]

March 12, 2021

Nasdaq futures fell about 200 points or 1.5% on Friday, one day after the tech-heavy index soared 329 points, or 2.5%, on gains in the likes of Apple, Facebook and Google-parent Alphabet. However, as bond yields ticked back up Friday, […]

August 13, 2020

Facebook is facing new allegations that it illegally harvests the biometric data of users, this time in a lawsuit that targets the company’s photo-sharing app Instagram. Last month, the social media company offered to pay $650 million to settle a […]

July 15, 2020

Google confirmed Wednesday it’s investing $4.5 billion into Indian digital services firm Jio Platforms in exchange for a 7.7% stake in the company, which is valued at $65 billion. The investment, reported by Bloomberg on Tuesday and confirmed by Google […]

October 9, 2019

Silicon Valley’s war against paying tax on revenue as well as profits isn’t going well. The Organization for Economic Cooperation and Development, which sets international tax standards, has proposed an overhaul of cross-border tax rules that would give governments more […]

April 25, 2019

It might’ve seemed like Facebook got away lightly in the wake of the Cambridge Analytica scandal, with no long-term effects after the initial wave of bad publicity. However, the company expects it will soon have to pay the price for […]

October 4, 2018

Snap’s user engagement will decline as the messaging app’s customers move to other platforms, according to Evercore ISI. The firm lowered its price target to $7 from $9 for Snap shares, citing the competitive threat from Facebook’s Instagram. The company’s […]

September 26, 2018

The major changes to the U.S. tech and telecom indexes that you’ve been hearing a lot about reflect the ceaseless merging of telecoms, technology and media companies. But what you may not realize is that these index changes are not […]

September 7, 2018

The hottest stocks on Wall Street are starting to cool. It’s not just trade war fears, rising interest rates and political turbulence at the White House giving shareholders pause. The latest angst involves technology stocks, which have hit a rough […]

September 4, 2018

Facebook shares will disappoint as governments increasingly scrutinize the company’s practices, according to MoffettNathanson. The firm lowered its rating to neutral from buy for Facebook shares, predicting the internet company will generate earnings below expectations this year. “We believe that […]

July 26, 2018

The hottest trade of the bull market burned investors when it was time to actually show results. Investors holding the so-called FANG stocks are taking a pummeling as the tech companies report second-quarter earnings. Google-parent Alphabet was the only stock […]

July 26, 2018

SAN FRANCISCO — Facebook shares dove 19 percent Thursday, with the social networking giant shedding about $120 billion in market value after the company warned of slowing sales growth. The decline marked Facebook’s largest stock market decline ever, eclipsing a […]

May 18, 2018

Cambridge Analytica, overwhelmed by a scandal over how it harvested data from Facebook to influence the last U.S. election, filed for bankruptcy in New York. The U.K.-based political consulting firm had already said it would cease operations and wind down […]

April 11, 2018

Facebook is center stage this week as founder Mark Zuckerberg testifies to Congress over issues relating to its mismanagement of user data and privacy. Amid an uncertain future for the technology sector’s regulatory environment and its effect on the markets, […]

April 10, 2018

While user privacy on internet has always been a key concern for many, it has now become a cause of worry after the disclosure of the Cambridge Analytica scandal. Even more because Facebook users were the biggest victims of the […]