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Facebook Inc (FB.O)

FB.O on Nasdaq

180.87USD
22 Nov 2017
Change (% chg)

$-0.99 (-0.54%)
Prev Close
$181.86
Open
$181.30
Day's High
$181.73
Day's Low
$180.44
Volume
10,376,329
Avg. Vol
15,872,562
52-wk High
$182.90
52-wk Low
$114.00

Latest Key Developments (Source: Significant Developments)

Facebook to create portal to see pages of Internet Research Agency they may have followed
Wednesday, 22 Nov 2017 12:25pm EST 

Nov 22 (Reuters) - Facebook Inc ::To create portal for users to see which facebook pages/instagram accounts of Internet Research Agency they may have liked/followed from Jan 2015 to Aug 2017‍​.  Full Article

Facebook director Peter Thiel sells 160,805 shares of co's Class A common stock
Wednesday, 22 Nov 2017 12:17pm EST 

Nov 22 (Reuters) - Facebook Inc :Facebook Inc director Peter Thiel reported on Tuesday sale of 160,805 shares of co's Class A common stock - SEC filing.  Full Article

Facebook says introducing new mobile features to help auto companies
Thursday, 16 Nov 2017 11:12am EST 

Nov 16 (Reuters) - Facebook Inc ::Introduces 2 mobile features to help auto companies expand customer base: dynamic ads for auto and new updates to lead ads‍​‍​.  Full Article

Schibsted says hasn't seen any strong effects from Facebook's competition
Tuesday, 14 Nov 2017 11:04am EST 

Nov 14 (Reuters) - Schibsted SBSTa.OL::Norway's Schibsted has not seen any strong effects from Facebook competition in online classified ads business, Sondre Gravir, EVP Europe, Established Sites, told and investor conference in Barcelona on Tuesday.Gravir said competition was increasing but Schibsted had a strong market position."We have the domain expertise on market places and we are also making new launches (like Facebook)," he added.  Full Article

News Corp reports Q1 EPS of $0.12
Thursday, 9 Nov 2017 04:45pm EST 

Nov 9 (Reuters) - News Corp :News corporation reports first quarter results for fiscal 2018.Q1 earnings per share $0.12.Q1 earnings per share view $0.01 -- Thomson Reuters I/B/E/S.Q1 adjusted earnings per share $0.07.Qtrly ‍revenues of $2.06 billion, a 5% increase compared to $1.97 billion in prior year​.Qtrly advertising revenue $670​ million versus $670 million.Qtrly news and information services revenues $‍1,241​ million versus $1,222 million.Qtrly book publishing revenues $‍401​ million versus $389 million.Q1 revenue view $1.98 billion -- Thomson Reuters I/B/E/S.Have reason for optimism about future of premium media businesses, in light of profound changes agreed by Google in ranking of news content​.Continuing discussions with both Google and Facebook about further facilitating subscriptions and sharing of permissioned personal data​.Expect to close Telstra deal in first half of calendar year 2018​.Had $26 million positive impact from foreign currency fluctuations in quarter​.  Full Article

Facebook to introduce peer-to-peer payments to users in UK, France
Tuesday, 7 Nov 2017 12:12pm EST 

Nov 7 (Reuters) - Facebook Inc ::Says introducing peer-to-peer payments feature in Messenger to users in UK and France.With peer-to-peer payments feature, people can send money to others in their country but not across borders.  Full Article

Facebook says expects FY 2018 total expenses to grow about 45 pct to 60 pct
Wednesday, 1 Nov 2017 04:15pm EDT 

Nov 1 (Reuters) - Facebook Inc ::Facebook CEO says plans to double the number of people working on safety and security to 20,000 in the next year- conf call.Facebook CEO says "protecting our community is more important than maximizing our profit"- conf call.Facebook CEO says "we're working with congress on legislation to make advertising more transparent" - conf call.Facebook says co has over 6 million active advertisers- conf call.Facebook says increases duplicate accounts estimate up from 6 percent to 10 percent of worldwide MAUs- conf call.Facebook says expects FY 2018 total expenses to grow about 45 percent to 60 percent - conf call.Facebook CFO - "we expect full year 2018 capital expenditures will roughly double from 2017 levels"- conf call.Facebook CFO - continue to see decelerated ad revenue growth for the foreseeable future- conf call.  Full Article

Facebook reports Q3 earnings per share $‍1.59​
Wednesday, 1 Nov 2017 04:05pm EDT 

Nov 1 (Reuters) - Facebook Inc :Facebook reports third quarter 2017 results.Facebook Inc - qtrly earnings per share $‍1.59​.Facebook Inc - ‍daus were 1.37 billion on average for September 2017, an increase of 16% year-over-year​.Facebook Inc - qtrly total revenue $‍10,328​ million versus $7,011 million.Facebook Inc - headcount was 23,165 as of September 30, 2017, an increase of 47% year-over-year‍​.Facebook Inc - qtrly advertising revenue $‍10,142​ million versus $6,816 million.Facebook Inc - ‍maus were 2.07 billion as of September 30, 2017, an increase of 16% year-over-year​.Facebook Inc - qtrly operating margin ‍50​ percent versus 44 percent.Q3 earnings per share view $1.28, revenue view $9.84 billion -- Thomson Reuters I/B/E/S.Facebook Inc - mobile advertising revenue represented about 88% of advertising revenue for q3 2017, up from about 84% of advertising revenue in q3 2016‍​.Facebook CEO says "‍serious about preventing abuse on our platforms," investing so much in security that it will impact co's profitability​.  Full Article

Instagram says users can now use Instagram in Arabic, Hebrew and Farsi
Tuesday, 31 Oct 2017 02:01pm EDT 

Oct 31 (Reuters) - Instagram ::Instagram says starting Tuesday, users can use Instagram in Arabic, Hebrew and Farsi.  Full Article

Facebook says to launch test to support news subscription models in instant articles over next few weeks
Thursday, 19 Oct 2017 02:23pm EDT 

Oct 19 (Reuters) - Facebook Inc ::Facebook says over next few weeks, launching test to support news subscription models in instant articles - blog.Facebook Inc - ‍​Will be testing other units to help publishers drive additional subscriptions before a person might hit the paywall.Facebook says test to support news subscription models in instant articles is in partnership with small group of publishers across U.S., Europe - blog.  Full Article

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Tech still hedge funds' sweetheart sector - Goldman Sachs

LONDON Tech stocks remain the largest net sector exposure for equity hedge funds, which are set to deliver their strongest returns since 2013, Goldman Sachs said on Wednesday in a note on the industry's most and least favoured areas of the market.