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Is the S&P 500 All You Need to Retire a Millionaire?

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Some people become millionaires by spotting the next Apple (NASDAQ: AAPL) or Amazon (NASDAQ: AMZN) early on. Or they take major risks on speculative investments and are lucky enough to come out on the winning side.But you don't need to be an expert stock picker or a big risk take

Does It Make Sense to Put Instagram Kids on Hold?

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In the wake of recent revelations published in The Wall Street Journal, Facebook (NASDAQ: FB) hits the pause button on "Instagram for Kids." Electric carmaker Polestar nears a $21 billion deal to go public via a special purpose acquisition company. In this episode of MarketFooler

Stock Market News For Today October 4, 2021

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Stock Market Futures Edge Lower Ahead Of China Trade Policy UpdateStock market futures are edging lower on Monday morning as we kick start the first full week of October. The concerns about slowing growth and persistently high inflation continue to keep investors awake at night.

Facebook and Google's Clones Can't Stop TikTok's Growth

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Facebook Targeting Kids; U.S. Senate Targeting Facebook

5 years ago

Facebook, Inc. (FB) is no stranger to controversy. As of the last few days, it has found itself embroiled in yet another U.S. Senate hearing. This time, the technology company was brought in to discuss the effects of its products on children and younger users. The hearing focused on the photo social networking platform, Instagram. While the testimonies were tough, analysts still believe in Facebook’s core business fundamentals, and foresee growth ahead.  (See Facebook stock charts on TipRanks)

Taking the hearing into consideration for his hypothesis, Brian White of Monness wrote that despite “growing antitrust battles and unfavorable media headlines, we believe Facebook will benefit from improved ad spending and capitalize on accelerated digital transformation with new initiatives.”  

White reiterated a Buy rating on the stock and calculated a price target of $500. This target represents a possible 12-month upside of 45.77% from current levels.  

The five-star analyst elaborated that the “rocky” testimony and the surrounding controversy were sparked by a Wall Street Journal article articulating the dangers of Instagram on mental health. Throughout Facebook’s time with U.S. lawmakers, it appeared that the firm did not satisfactorily dispel the assertions, and will will face yet another subcommittee hearing in the near future.

In response to the uproar against its business tactics, Facebook responded in a formal press release to the article, and has since paused work on an Instagram platform for kids. This project was to target pre-adolescents aged 10-12, and is attracting growing concerns over its possible negatively steered algorithmic effects.  

In the hearing, one senator went as far as to accuse Facebook of “weaponizing childhood vulnerabilities.” Another blunder for the company came when it was made evident that the largely in-person hearing was dealing with a witness over a remote video stream. The witness admitted to already being in Washington D.C., which led to conclusions that she might have been aided in her answers, literally behind-the-scenes, by other Facebook officials.  

On TipRanks, FB has an analyst rating consensus of Strong Buy, based on 25 Buy and 4 Hold ratings, and 1 Sell rating. The average Facebook price target is $422.48, suggesting a potential 12-month upside of 23.17%. FB closed trading on Friday at a price of $343.01 per share.  

Disclosure: At the time of publication, Brock Ladenheim did not have a position in any of the securities mentioned in this article. 

Disclaimer: The information contained in this article represents the views and opinion of the writer only, and not the views or opinion of Tipranks or its affiliates, and should be considered for informational purposes only. Tipranks makes no warranties about the completeness, accuracy or reliability of such information. Nothing in this article should be taken as a recommendation or solicitation to purchase or sell securities. Nothing in the article constitutes legal, professional, investment and/or financial advice and/or takes into account the specific needs and/or requirements of an individual, nor does any information in the article constitute a comprehensive or complete statement of the matters or subject discussed therein. Tipranks and its affiliates disclaim all liability or responsibility with respect to the content of the article, and any action taken upon the information in the article is at your own and sole risk. The link to this article does not constitute an endorsement or recommendation by Tipranks or its affiliates. Past performance is not indicative of future results, prices or performance. 

Better Buy: Apple Stock or Every Nasdaq Stock?

5 years ago
Apple (NASDAQ: AAPL) and the Nasdaq have both delivered excellent returns for shareholders since the market rebounded from the COVID-19 crash a year and a half ago. Investors poured cash into large-cap tech stocks as businesses and consumers adjusted to the pandemic economy.
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