Markets

‘Pandemic and advertiser boycott create heightened uncertainty’: Here’s what 3 analysts expect from Facebook’s quarterly earnings

Facebook will release second-quarter figures after markets close on Thursday, giving investors an update to how it’s fared throughout the coronavirus pandemic. The social media giant’s stock sits just off of record highs after investors propped up mega-caps through the market’s months-long upswing. Most analysts are focused on a recent […]
‘Pandemic and advertiser boycott create heightened uncertainty’: Here’s what 3 analysts expect from Facebook’s quarterly earnings
Markets

Dow falls 340 points as post-coronavirus unemployment filings exceed 30 million

US stocks slipped Thursday after jobless claims data showed another 3.8 million Americans filed for unemployment last week. Shares of Tesla and Facebook surged after reporting earnings. Today, blue-chip companies including Amazon,Apple,Gilead Sciences, Visa, and United will report earnings after market close. Oil prices gained on early signals of a […]
Dow falls 340 points as post-coronavirus unemployment filings exceed 30 million
Markets

FANG stocks shed $177 billion in just two days as coronavirus fears roil markets

Popular technology stocks have not been immune to market panic around a potential coronavirus pandemic. FANG stocks, including Facebook, Amazon,Netflix, and Google parent company Alphabet, shed a combined $US177 billion in market capitalisation in just two days as coronavirus fears slammed global markets. Each of the tech giants fell for […]
FANG stocks shed $177 billion in just two days as coronavirus fears roil markets
Markets

5G growth, record Tesla deliveries, and streaming war fallout: These are one stock analyst’s top 10 predictions for tech in 2020

Top tech stocks including Facebook,Apple,Amazon,Netflix, and Google, commonly known as FAANG stocks, are poised to flex their muscles in 2020, according to Daniel Ives of Wedbush. A number of “transformational trends” such as 5G, cloud computing, autonomous cars, and streaming will be front and centre for Wall Street analysts, he […]
5G growth, record Tesla deliveries, and streaming war fallout: These are one stock analyst’s top 10 predictions for tech in 2020
Markets

Negative headlines about Facebook won’t slow down anytime soon — but that won’t stop the stock from surging 17% over the next year, analyst says

Facebook has been the subject of countless negative headlines this year relating to its approach to political advertising, monitoring of hate speech, and antitrust concerns. One Wall Street analyst says the company’s negative news flow might not stop anytime soon, and investors have come to accept it. Here’s why Piper […]
Negative headlines about Facebook won’t slow down anytime soon — but that won’t stop the stock from surging 17% over the next year, analyst says
Markets

Markets are loving the Fed’s ‘patient’ stance on rates — and with Facebook’s blowout quarter it’s a sea of green for stocks

The Federal Reserve held interest rates steady Wednesday, and Fed Chairman Jerome Powell said the US central bank would be patient with hikes. Stock markets quickly moved higher, with the Hang Seng approaching a four-month high. Also Wednesday, Facebook announced fourth-quarter earnings that beat Wall Street expectations. Facebook soared 11% […]
Markets are loving the Fed’s ‘patient’ stance on rates — and with Facebook’s blowout quarter it’s a sea of green for stocks
Markets

Facebook sinks after admitting it was hacked

Facebook shares tumbled Friday after the social-media network disclosed that it was hacked earlier this week. The flaw, which was discovered on Tuesday, allowed hackers to access nearly 50 million users’ accounts, Facebook said. A Taiwanese hacker, Chang Chi-yuan, announced Wednesday that he found bugs on Facebook and would live […]
Facebook sinks after admitting it was hacked
Markets

Facebook slides after Instagram’s cofounders resign

Instagram’s two cofounders, Kevin Systrom and Mike Krieger, are leaving the company, they said in a statement on Monday evening. Facebook, which owns the Instagram app, saw its stock price slides about 2% Tuesday following the departures. Watch Facebook trade in real time here. Facebook shares slid more than 2% […]
Facebook slides after Instagram’s cofounders resign
Markets

Facebook hits an all-time high ahead of earnings

Facebook’s stock price reached an all-time high of $US216.30 in early trading Wednesday. The social network will report second-quarter earnings after the closing bell. Follow Facebook’s stock price in real-time here. Facebook rose as much as 0.7% in trading Wednesday to hit a new record high of $US216.30 a share […]
Facebook hits an all-time high ahead of earnings
Markets

Facebook just hit an all-time high

Facebook hit an all-time high. Less than two months ago shares tumbled into a bear market following news of the Cambridge Analytica scandal. Watch Facebook trade in real time here. Facebook hit a record high Monday, trading up more than 1%. Shares touched a record $US199.58 less than two months […]
Facebook just hit an all-time high
Markets

Facebook is sliding after more data-sharing agreements surface

Facebook is slipping after the company admitted it shared data with big Chinese device makers. Those device makers are some of the 60 device makers Facebook shared data with. Watch Facebook trade in real time here. Facebook is down 1.28% Wednesday after admitting it shared data with large Chinese device […]
Facebook is sliding after more data-sharing agreements surface
Markets

Facebook is slipping after news of more questionable data practices

Facebook is down in early trading Monday after reports it shared data with device sellers without user consent. Those device sellers include Apple, Amazon, and Samsung. Facebook denies data was shared without permission. Watch Facebook trade in real time here. Facebook fell more than 1% in early trading Monday, after […]
Facebook is slipping after news of more questionable data practices
Markets

Facebook is ticking higher ahead of its developer conference

Facebook is up slightly in pre-market trading Tuesday. Facebook’s F8 developer conference is Tuesday, and investors will be looking out for several key developments. The billionaire co-founder of Facebook’s What’s App quit over disagreements he had with Facebook over privacy and security. Watch Facebook trade in real time here. Facebook […]
Facebook is ticking higher ahead of its developer conference
Markets

A top analyst explains why everyone’s overreacting to Facebook’s data scandal

Facebook reports first-quarter earnings on Wednesday after the bell. The social media giant has ways around potential regulatory hurdles, and its positioning in the global advertising market is only strengthening, RBC Capital Markets’ Mark Mahaney said. Watch Facebook trade in real time here. Regulation won’t hinder Facebook‘s growth potential, according […]
A top analyst explains why everyone’s overreacting to Facebook’s data scandal
Markets

Facebook stock rallies

Facebook CEO Mark Zuckerberg is testifying before a joint Senate committee on Tuesday. Shares of Facebook were rising after Zuckerberg’s testimony began. Follow his testimony on Business Insider’s live blog here. Shares of Facebook were up 3.6%, and climbing, as CEO Mark Zuckerberg gets grilled by lawmakers on Capitol Hill. […]
Facebook stock rallies
Markets

JEFFERIES: Facebook’s data scandal isn’t hurting user metrics

Facebook is in the midst of a data privacy scandal surrounding the firm Cambridge Analytica. Despite the multitudes of bad press, users aren’t leaving the platform, Jefferies analysis shows. The scandal may affect Facebook’s stock in the near-term, but the structural changes it precipitates could help in the long run, […]
JEFFERIES: Facebook’s data scandal isn’t hurting user metrics
Markets

Facebook is jumping on an encouraging comment from Mark Zuckerberg

FacebookCEO Mark Zuckerberg said that the Cambridge Analytica scandal hasn’t impacted user behaviour on the social media platform Watch Facebook trade in real time here. Shares of Facebook are moving higher Thursday, up 3% after CEO Mark Zuckerberg told reporters late Wednesday that the Cambridge Analytica scandal hasn’t impacted user […]
Facebook is jumping on an encouraging comment from Mark Zuckerberg
Markets

Snap is continuing its slide

Snap shares got hammered Monday, and are slipping even more Tuesday. Facebook is also down in the last several days. Snap has announced three rounds of layoffs this year. Watch Snap trade in real time here. Snap shares are sliding almost 4% Tuesday, to an intraday low of $US13.80. Snap […]
Snap is continuing its slide
Markets

Facebook drops after Bank of America removes it from its focus list

Facebook is continuing to slide. CNBC’s Carl Quintana tweeted Tuesday morning that Bank of America Merrill Lynch removed the stock from its US 1 list. Watch Facebook trade in real time here. Facebook shares are dropping, falling almost 2% Tuesday, to an intraday low of $US150.81 apiece. Tuesday’s slide comes […]
Facebook drops after Bank of America removes it from its focus list
Markets

TECH ANALYST: Here are 3 reasons Facebook will continue tumbling

Facebook could slip even more, according to Pivotal Research’s Brian Wieser. Facebook shares have dropped sharply since the Cambridge Analytica scandal in mid March. Wieser lists three core reasons for lowering his Facebook price target to $US138 a share. Facebook’s stock price could have further to fall, according to Pivotal […]
TECH ANALYST: Here are 3 reasons Facebook will continue tumbling
Markets

Facebook gains after announcing new privacy tools

Facebook is embroiled in controversy surrounding US election interference, users’ personal data, and the firm Cambridge Analytica. On Wednesday, the company said it’s making it easier for people to revoke apps’ access to their data – and simplifying privacy settings. Shares are up about 1% ahead of Wednesday’s opening bell. […]
Facebook gains after announcing new privacy tools
Markets

BARCLAYS: ‘The bear case that Facebook’s platform is likely to implode seems over-done’

The market is overreacting to the news of political research firm Cambridge Analytica’s Facebook data scandal, according to Barclays analyst Ross Sandler. Further, Facebook’s revenue won’t be impacted too muc by the European Union’s General Data Protection Regulation, according to Sandler. Facebook’s highest performing advertisements use non-sensitive user information that […]
BARCLAYS: ‘The bear case that Facebook’s platform is likely to implode seems over-done’
Markets

JEFFERIES: Here’s the next ‘overhang’ for Facebook’s stock

Facebook‘s biggest worry is not the Cambridge Analytica scandal, but with EU regulation. Jefferies Analyst Brent Thill believes Facebook has already taken steps to ensure that a repeat of this incident will not happen again. The EU’s General Data Protection Regulation law will come into effect on May 25. You […]
JEFFERIES: Here’s the next ‘overhang’ for Facebook’s stock
Markets

Facebook shares drop again after a rough 2 days

Facebook is down early Wednesday, after a tough two days where around $US50 billion has been wiped off the company’s market capitalisation. Watch the stock trade in real time here. Facebook shares are down more than 2% to $US164 apiece early Wednesday. This after a tough two days where around […]
Facebook shares drop again after a rough 2 days
Markets

CREDIT SUISSE: Facebook’s risks are already priced in

A Credit Suisse analyst believes the data breach debacle that sent Facebook down Monday is already baked into the stock. The analyst said Facebook has already taken steps to remedy privacy concerns. He maintained his price target of $US240 per share. Watch Facebook’s stock move in real time here. Facebook […]
CREDIT SUISSE: Facebook’s risks are already priced in
Markets

Facebook’s content issues are creating a ‘tailwind’ for Amazon’s ad business

Amazon’s advertising business may be benefiting from social media content issues elsewhere, says Jefferies analyst Brent Thill. Amazon’s ads won’t be affected by questionable content found on social media. Amazon’s e-commerce and digital ad synergy is a killer combination, Thill said. Thill expects Amazon’s already growing digital ad market share […]
Facebook’s content issues are creating a ‘tailwind’ for Amazon’s ad business
Markets

Facebook’s massive data breach is ‘opening a can of worms’

A political research firm with ties to President Trump reportedly accessed 50 million Facebook user accounts without authorization. Facebook‘s stock is down more than 6% Monday. Macquarie analyst Ben Schachter said that the real concern for investors is that these breaches may prompt regulation that could hurt Facebook’s earnings. News […]
Facebook’s massive data breach is ‘opening a can of worms’
Markets

FAANG stocks are under pressure

Shares of the biggest tech stocks fell on Friday. This follows the broader stock market’s dip after President Donald Trump’s announcement that he would impose tariffs on aluminium and steel. The so-called FAANG stocks – Facebook,Apple,Amazon,Netflix and Alphabet‘s Google – were all in the red on Friday morning. The stock […]
FAANG stocks are under pressure
Markets

Facebook is getting ‘closer to the limits of growth’

Pivotal Research’s Brian Wieser is one of Facebook’s biggest bears on Wall Street. He says Facebook is a mature company, and may be plateauing. Facebook shares could get slashed considerably, says Pivotal Research Group analyst, Brian Wieser. Wieser, one of Facebook’s biggest bears on Wall Street, has a $US152 price […]
Facebook is getting ‘closer to the limits of growth’
Markets

Millennials are bearish on Facebook ahead of earnings

Facebook will report fourth quarter earnings after the closing bell Wednesday. Ahead of its report, millennials on trading apps Robinhood and Stockpile are dumping shares quicker than in previous quarters. Facebook is scheduled to report fourth quarter earnings after Wednesday’s closing bell. Wall Street expects the social network to report […]
Millennials are bearish on Facebook ahead of earnings
Markets

Facebook slides after saying it will shift its News Feed function

Shares of Facebook fell 4.3% ahead of Friday’s opening bell in the US after the social network announced it would once again alter its news feed algorithm to prioritise content from users’ friends rather than brand or publisher pages. The share price did not recover during the trading day, and […]
Facebook slides after saying it will shift its News Feed function
Markets

Facebook’s bet on ‘snackable content’ could be worth $12 billion

Facebook‘s video on-demand service, “Watch,” could easily bring in $US12 billion in sales by 2022, Brent Thill, an analyst at Jefferies, wrote in a note. The social media company’s data-driven approach to video content by employing user-engagement data to tailor videos to its audience will help drive revenues. Shorter and […]
Facebook’s bet on ‘snackable content’ could be worth $12 billion