LONDON (Reuters Breakingviews) - Margrethe Vestager is sending mixed messages to big U.S. technology groups. Days after vowing to crack down on companies like Facebook and Amazon.com through a major new legislative effort, the European Co
Ireland's data regulator defended its provisional order to halt Facebook user data transfers to the United States from the European Union, telling the Irish High Court on Thursday such decisions were not typically subject to court oversight.
In a move that has become all too familiar, Facebook (NASDAQ: FB) has noticed an upstart social media app that is gaining traction and wants to take a bite out of the smaller company's growth. The dominant social media network has deployed this playbook countless times over the y
Winter is coming, but the stock market is heating up. Despite one of the wildest years in history, the benchmark S&P 500 looks as if it'll end the year higher by double digits. That's pretty incredible considering that it lost more than a third of its value in less than five
Twitter Inc is reversing changes made to its retweet function intended to curb the spread of misinformation during the U.S. presidential election, the company said.
Facebook Inc and Alphabet's Google, the two biggest players in online advertising, used a series of deals to consolidate their market power illegally, Texas and nine other states alleged in a lawsuit against Google on Wednesday.
HONG KONG (Reuters Breakingviews) - China could be doing Tencent a small favour. The technology titan’s acquisitive ways have led to a dominant position in online books, music streaming and e-sports. That strategy looks increasi
Facebook Inc and Alphabet's Google, the two biggest players in online advertising, used a series of deals to consolidate their market power illegally, Texas and nine other states alleged in a lawsuit against Google on Wednesday.
Twitter Inc said on Wednesday that it will start removing false or misleading tweets about COVID-19 vaccinations that could be harmful, including false claims the vaccines will intentionally cause harm or control populations or that invoke "a deliberate conspiracy."
Facebook Inc accused rival Apple Inc of engaging in anticompetitive practices on Wednesday, firing another shot in a monthslong standoff between the two tech giants over Apple's planned privacy changes for iOS14.
Facebook Inc accused rival Apple Inc of engaging in anticompetitive practices on Wednesday, firing another shot in a monthslong standoff between the two tech giants over Apple's planned privacy changes for iOS14.
At first glance, this has been a great year for investors in Facebook (NASDAQ: FB). As of this writing, Facebook's 33% year-to-date stock price gain is nearly three times greater than the S&P 500's return during the same period. Despite the strong performance, it's been a dif
At first glance, this has been a great year for investors in Facebook (NASDAQ: FB). As of this writing, Facebook's 33% year-to-date stock price gain is nearly three times greater than the S&P 500's return during the same period. Despite the strong performance, it's been a dif
Internet stocks and exchange traded funds are delivering tidy returns this year. Leading the pack is the ARK Web x.0 ETF (NYSEArca: ARKW). ARKW aims to capture long-term growth with a low correlation of relative returns to traditional growth strategies and negative correlation to value strategies. It serves as a tool for diversification due to little [...] Read more at ETFtrends.com.
Facebook Inc said on Wednesday it is testing a new, less data-intensive version of its photo and video-sharing app Instagram in India, a key growth market for the U.S. social media giant.
The European Commission detailed two proposed pieces of legislation on Tuesday aimed at curbing the power of tech giants including Apple (NASDAQ: AAPL) and Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL). The institution, which is responsible for introducing proposed legislation and imple
(RTTNews) - Facebook has taken down some fake accounts, pages and groups, including a few accounts from Instagram, for violating its policy against "coordinated inauthentic behavior" (CIB) on behalf of a foreign or government entity.The social media giant said these were part of
Facebook Inc. has published a series of full-page newspaper ads with the headline, “We’re standing up to Apple for small businesses everywhere,” Bloomberg reports. This is the latest development in what has become a spiteful public battle between the two tech giants.
The upcoming changes to Apple’s iOS 14 operating system will limit the ability of companies like Facebook (FB) to gather data about mobile users and target them for advertising. Facebook says that most advertisers are small businesses and believes that ads that do not specifically target consumers leads to 60% fewer sales than ads that do target consumers.
Facebook has also criticized the high prices that Apple (AAPL) charges for their smartphones and App Store fees in an attempt to paint itself as a champion for those trying to recover from the COVID-19 pandemic.
Apple’s response has been that Facebook has no regard for user privacy. As of next year, Apple has committed to reducing its App Sore revenue cut from 30% to 15% for developers that generate up to $1 million per year. This change, it says, is in support of small businesses. (See FB stock analysis on TipRanks)
Societe General analyst Simon Baker reiterated his Sell rating yesterday but did however raise his price target from $120 to $205, (25% downside potential). Baker is the only analyst with a Sell rating of the 36 analysts to have offered a rating in the last three months and his price target is the lowest on the Street.
Consensus among analysts is a Strong Buy based on 33 Buys, 2 Holds and 1 Sell. The average price target of $321.06 implies a potential upside of around 17% over the next 12 months.
In November, the National Black Church Initiative organized a 15-church community campaign in Baltimore to encourage Black Americans to get their flu shots. Eleven people in a city of 600,000 showed up.
Facebook Inc said on Wednesday it is testing a new, less data-intensive version of its photo and video sharing app Instagram in India, a key growth market for the U.S. social media giant.
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