Instagram's negative impact on on the mental well-being of young girls is a risk that Morningstar identifies for the social media company.
Losses in Facebook stock on Monday outpaced declines in its mega-cap tech peers, with shares of Apple, Amazon, and Alphabet down between 1% and 2%.
Facebook shares tumbled on Wednesday as the company estimated it has underreported iOS web conversions by roughly 15%.
BofA upgraded its Facebook price target to $425 following the tech giant's second quarter earnings report.
The ensuing rally lifted it into the trillion-dollar club as markets gave it a huge "like" and lifted the rest of the tech space, an analyst said.
The company credited its revenue jump to the average price per ad, which shot up 30% year-on-year, and the number of ad impressions, which rose 12%.
Mark Zuckerberg has sold over $1 billion of Facebook this year amid a 12% jump in share price. The Facebook CEO is worth $113 billion.
Deutsche Bank analyst Lloyd Walmsley and his team reiterated their buy rating and increased their price target for Facebook to $385 per share Sunday.
Technology stocks in the FAANG, cloud software, and cyber security themes could rally 10%-15% by year-end with a Biden presidency and Republican Senate, according to Wedbush. This regime is the “Goldilocks election outcome” for tech stocks as a Biden presidency will ease US-China technology-policy issues while the Republican Senate decreases […]
Facebook shares tumbled 6% during Friday intraday trading after the tech giant’s earnings revealed a decline in US users. The stock decline resulted in nearly $US37 billion being erased from Facebook’s market value. Facebook reported better-than-expected earnings per share, revenue, global daily active users, and global monthly active users for […]
Social media stocks surged on Wednesday after Snap reported third quarter earnings that crushed analyst expectations. Pinterest, Twitter, and Facebook all moved higher as the readthrough from Snap’s earnings report was that advertisers are increasingly switching to digital platforms with strong user engagement. Pinterest’s double-digit surge on Wednesday could also […]
Summary List Placement Facebook on Thursday said it will ban new political ads in the week before the November 3 presidential election. Shares of Facebook fell as much as 6% in intraday trading Thursday. The move is part of a broader set of measures Facebook is taking to avoid election […]
Billionaire investor Leon Cooperman said that FANG stocks are “better than gold” during a Monday interview with CNBC. He also said that he owns Google,Amazon,Facebook, and Microsoft but is not adding to positions right now. Cooperman added that today’s FANG stocks remind him of the “nifty fifty” stocks that led […]
Business Insider assembled a panel of hundreds of young investors who volunteered to share their views about the markets. This is a self-selected group of people under the age of 35 who have a brokerage account. Just 2% of participating millennial investors picked Facebook as the single FAANG stock they’d […]
US stocks climbed on Monday as investors digested President Donald Trump’s weekend stimulus orders against China tensions and new coronavirus cases. On Saturday, President Trump signed four executive actions to extend coronavirus aid after Congress failed to come to an agreement last week. US-China tensions escalated when China imposed fresh […]
US stocks rose on Friday, erasing earlier losses in the final hour of trading, as mega-cap tech firms reported better-than-expected quarterly earnings. Shares of Facebook,Apple, and Amazon surged following earnings beats reported Thursday after the bell. The gains in tech offset worries around spiking coronavirus and their impact on the […]
Facebook,Apple,Amazon, all reported quarterly earnings on Thursday that exceeded analyst expectations and sent shares higher. On Friday, the three tech giants added a combined $US274 billion in market value as stocks climbed. The three firms plus Alphabet are worth more than $US5 trillion combined and are some of the mostvvaluable […]