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Facebook Inc (FB.O)

FB.O on Nasdaq

198.36USD
19 Jul 2019
Change (% chg)

$-2.42 (-1.21%)
Prev Close
$200.78
Open
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$198.07
Volume
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$218.62
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Latest Key Developments (Source: Significant Developments)

Federal Trade Commission Approves Roughly $5 Billion Facebook Settlement - CNBC, Citing DJ
Friday, 12 Jul 2019 03:47pm EDT 

July 12 (Reuters) - :FEDERAL TRADE COMMISSION APPROVES ROUGHLY $5 BILLION FACEBOOK SETTLEMENT - CNBC, CITING DJ.  Full Article

Univision Is Exploring A Sale With Advice From Morgan Stanley And Liontree- Source
Wednesday, 3 Jul 2019 06:32pm EDT 

July 3 (Reuters) - Univision Communications Inc::UNIVISION IS EXPLORING A SALE WITH ADVICE FROM MORGAN STANLEY AND LIONTREE- SOURCE.UNIVISION DECIDED TO EXPLORE SALE AFTER IT IMPROVED SOME OF ITS RATINGS IN CHALLENGING MARKETS AND SAW THE SHARES OF WALT DISNEY CO, SOAR- SOURCE.COMPANIES LIKE FACEBOOK AND COMCAST , AS WELL AS INTERNATIONAL MEDIA COMPANIES COULD TAKE AN INTEREST IN UNIVISION- SOURCE.  Full Article

UK's CMA Launches Digital Markets Strategy
Wednesday, 3 Jul 2019 06:00am EDT 

July 3 (Reuters) - UK's CMA::UK'S CMA LAUNCHES DIGITAL MARKETS STRATEGY.UK'S CMA - STRATEGY EXPLAINS HOW CMA INTENDS TO RESPOND TO RECOMMENDATIONS MADE BY FURMAN REPORT FOR GREATER REGULATION OF DIGITAL MARKETS.UK'S CMA- IMPORTANT ELEMENT OF STRATEGY IS OPENING OF MARKET STUDY INTO ONLINE PLATFORMS INCLUDING FACEBOOK, GOOGLE FUNDED BY DIGITAL ADVERTISING.  Full Article

Governor Cuomo Calls On DFS To Investigate Claims Advertisers Use Facebook Platform To Engage In Discrimination
Monday, 1 Jul 2019 04:44pm EDT 

July 1 (Reuters) - New York State Department Of Financial Services::NY STATE DEPARTMENT. OF FINANCIAL SERVICES - GOVERNOR CUOMO CALLS ON DFS TO INVESTIGATE CLAIMS ADVERTISERS USE FACEBOOK PLATFORM TO ENGAGE IN DISCRIMINATION.  Full Article

Instagram Says Over Next Few Months, Co Will Be Introducing Ads In Explore Feed
Wednesday, 26 Jun 2019 12:14pm EDT 

June 26 (Reuters) - Instagram::INSTAGRAM SAYS OVER NEXT FEW MONTHS, CO WILL BE INTRODUCING ADS IN EXPLORE FEED.INSTAGRAM SAYS MORE THAN 50% OF ACCOUNTS ON INSTAGRAM USE EXPLORE EVERY MONTH.INSTAGRAM DECLINED TO SAY HOW MANY EXPLORE USERS USE THE FEATURE TO ENGAGE WITH NEW CONTENT.  Full Article

Fitch Says Facebook's Libra Blockchain May Be Viable Tech Cryptocurrency
Monday, 24 Jun 2019 03:09pm EDT 

June 24 (Reuters) - Fitch::FITCH SAYS FACEBOOK'S LIBRA BLOCKCHAIN MAY BE VIABLE TECH CRYPTOCURRENCY.FITCH SAYS LIBRA DIGITAL CURRENCY IS ALSO ANOTHER EXAMPLE OF LARGE TECHNOLOGY COMPANIES MOVING INTO FINANCIAL SERVICES.FITCH SAYS BELIEVE LIBRA INCORPORATES AND IMPROVES UPON ELEMENTS OF EXISTING BLOCKCHAIN TECHNOLOGY, WHILE RESOLVING CERTAIN INHERENT DRAWBACKS.FITCH SAYS POTENTIAL ADVANTAGE OF LIBRA VERSUS OTHERS IS ITS FULL BACKING BY A RESERVE BASKET OF FIAT CURRENCY ASSETS MANAGED IN A RESERVE FUND.FITCH - BELIEVE LIBRA'S CONCEPTUALIZATION IS FUNDAMENTALLY ALIGNED WITH ACHIEVING HIGH STANDARDS FOR PRUDENT REGULATION AND CONSUMER PROTECTION.  Full Article

Facebook Removed 24 Of 26 Groups & Pages UK's CMA Reported To Co
Friday, 21 Jun 2019 08:17am EDT 

June 21 (Reuters) - Facebook Inc ::FACEBOOK, AFTER UK'S COMPETITION AND MARKETS AUTHORITY STATEMENT ON FAKE REVIEWS, SAYS "WE HAVE REMOVED 24 OF THE 26 GROUPS AND PAGES THAT THE CMA REPORTED TO US YESTERDAY".  Full Article

UK's CMA Urges Facebook, EBay To Act To Stop Sale Of Fake Reviews Through Their Sites
Friday, 21 Jun 2019 07:13am EDT 

June 21 (Reuters) - UK's CMA::EXPECTS FACEBOOK AND EBAY TO TACKLE SALE OF FAKE REVIEWS.SAYS HAS URGED FACEBOOK AND EBAY TO ACT TO STOP THE SALE OF FAKE REVIEWS THROUGH THEIR SITES.SAYS HAS FOUND TROUBLING EVIDENCE THAT THERE IS A THRIVING MARKETPLACE FOR FAKE AND MISLEADING ONLINE REVIEWS..AFTER WEB SWEEPS PERFORMED IN NOVEMBER 2018 TO JUNE 2019, THE CMA WAS CONCERNED ABOUT OVER 100 EBAY LISTINGS OFFERING FAKE REVIEWS FOR SALE.FACEBOOK, EBAY HAVE INDICATED THAT THEY WILL COOPERATE AND FACEBOOK HAS INFORMED THE CMA THAT MOST OF THE 26 GROUPS HAVE BEEN REMOVED.DURING NOV TO JUNE, IDENTIFIED 26 FB GROUPS WHERE PEOPLE OFFERED TO WRITE FAKE REVIEWS/BUSINESSES RECRUITED PEOPLE TO WRITE FAKE REVIEWS.EXPECTS FACEBOOK, EBAY TO PUT MEASURES IN PLACE TO ENSURE THAT ALL THE IDENTIFIED CONTENT IS REMOVED AND TO STOP IT FROM REAPPEARING.IS NOT ALLEGING THAT FACEBOOK OR EBAY ARE INTENTIONALLY ALLOWING FAKE REVIEWS TO APPEAR ON THEIR WEBSITES.WANT FACEBOOK AND EBAY TO CONDUCT AN URGENT REVIEW OF THEIR SITES TO PREVENT FAKE AND MISLEADING ONLINE REVIEWS FROM BEING BOUGHT AND SOLD.  Full Article

Justin Osofsky, A Longtime Facebook Senior Executive, Is Joining Instagram As Chief Operating Officer - Bloomberg
Monday, 3 Jun 2019 02:26pm EDT 

June 3 (Reuters) - :JUSTIN OSOFSKY, A LONGTIME FACEBOOK SENIOR EXECUTIVE, IS JOINING INSTAGRAM AS CHIEF OPERATING OFFICER - BLOOMBERG.  Full Article

FTC To Examine How Facebook's Practices Affect Digital Competition - WSJ
Monday, 3 Jun 2019 09:35am EDT 

June 3 (Reuters) - :FTC TO EXAMINE HOW FACEBOOK'S PRACTICES AFFECT DIGITAL COMPETITION - WSJ.  Full Article

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Verizon resurrects media business as safe haven on the internet

New York Banning pornography from Tumblr was not necessarily meant to define Verizon Media's strategy to turn around a collection of Internet has-beens. But that is how it has played out.