Facebook (FB) - NASDAQ
  • Fri, Jul. 22, 7:29 AM
    • While Facebook (NASDAQ:FB) remains one of the only ways to play the shift of legacy media ad dollars to mobile, a dramatic rise in investor expectations over the past year has set the bar too high, says BTIG's Rich Greenfield, downgrading to Neutral from Buy.
    • He removes his $117 price target.
    • Shares -1% premarket to $119.41.
    | Fri, Jul. 22, 7:29 AM | 72 Comments
  • Wed, Jul. 20, 11:37 AM
    • Messenger marks Facebook's (FB +0.8%) third product to reach 1B active users, joining the main Facebook platform and WhatsApp, the company's other messaging offering.
    • The service has added 200M new users from the start of this year alone.
    • Facebook, in a press release, notes billions of messages are transmitted through the app every day as growth appears to be no problem for the standalone product that was once only a feature within the social network's main app.
    | Wed, Jul. 20, 11:37 AM | 36 Comments
  • Wed, Jul. 20, 3:08 AM
    • Depending on whom you ask, Google (NASDAQ:GOOG) is or isn't abandoning its plans to create a high-end standalone virtual reality headset to compete with Facebook’s (NASDAQ:FB) Oculus  and HTC's Vive.
    • According to recode, Google recently shut down an internal project to create a high-end standalone virtual reality headset. "The decision likely stems from Google’s effort to streamline its more ambitious projects, an ongoing slog at the company. In this instance, Google is shifting more resources behind mobile VR - tools for companies to build apps, games and services on smartphones that use the nascent media - rather than expensive hardware."
    • But Engadget says that while Google may have shuttered a specific project, a Google team is still working on a dedicated headset that blurs the line between virtual reality and augmented reality.
    | Wed, Jul. 20, 3:08 AM | 15 Comments
  • Tue, Jul. 19, 5:46 PM
    • Less than a day after being blocked in Brazil, Facebook's (FB) WhatsApp messaging service has been restored after the country's Federal Supreme Court shelved the ruling.
    • This short ban affecting 100M+ users marks the third such occurrence in Brazil during the last year.
    | Tue, Jul. 19, 5:46 PM | 6 Comments
  • Tue, Jul. 19, 1:37 PM
    • Facebook's (FB +0.7%) messaging service WhatsApp has for the third time in a year been blocked by a court order in Brazil for not complying with requests for user data the company claims it does not have access to.
    • Facebook asserts its data encryption method is the cause behind the company's inability to retrieve the information.
    • WhatsApp registers 100M+ users in the South American country and has been banned there previously, although only temporarily.
    • Even so, a short term ban for a messaging service counting such a large number of users (half of Brazil's population) has the potential to significantly disrupt communication and user sentiment in a country gearing up to host the 2016 Summer Olympics.
    | Tue, Jul. 19, 1:37 PM | 23 Comments
  • Tue, Jul. 19, 12:30 PM
  • Mon, Jul. 11, 4:35 PM
    • Facebook (FB +0.5%) is being sued for $1B in federal court for allegedly allowing Hamas to make use of its platform to plan terror attacks resulting in the deaths of four Americans.
    • "Facebook has knowingly provided material support and resources to Hamas in the form of Facebook's online social network platform and communication services," reads the suit filed by families of those affected by the attacks to the U.S. District Court for the Southern District of New York.
    • Although the concept of initiating legal action against social networks following terror attacks is not new and the possibility of negatively impacting the company low, this same court has handed down verdicts assigning responsibility for acts of terrorism in the past.
    | Mon, Jul. 11, 4:35 PM | 94 Comments
  • Thu, Jul. 7, 11:05 AM
    • The IRS is looking into asset transfers at Facebook (FB -0.7%), particularly its movement of various rights to a holding company in Ireland.
    • The Justice Dept. is in court to compel the company to produce documents relating to Facebook's tax liability for 2010. The company posted royalty income tied to transfers to Facebook Ireland Holdings Unlimited.
    • Facebook retained Ernst & Young to value the transfers, the Justice Dept. suit says, but the IRS believes that valuation approach was "problematic."
    • The lawsuit is seeking to enforce IRS summonses served on Facebook.
    | Thu, Jul. 7, 11:05 AM | 29 Comments
  • Wed, Jul. 6, 4:39 PM
    • Facebook (FB +2.4%) has added a former top Tesla executive to head up manufacturing at a new lab dedicated to researching innovative hardware products.
    • The social networking company hired Rich Heley, formerly VP of products at Tesla, to lead manufacturing at its Building 8 R&D lab. Heley had reported directly to Tesla CEO Elon Musk; at Facebook, he'll report to Building 8 leader Regina Dugan, a former Alphabet senior exec.
    • The initiative will be the investment target for "hundreds of people and hundreds of millions of dollars," Facebook chief Mark Zuckerberg has said.
    | Wed, Jul. 6, 4:39 PM | 10 Comments
  • Mon, Jul. 4, 3:14 AM
    • Facebook's (NASDAQ:FB) approach to extremist content is once again in the spotlight following accusations by Israel's Public Minister for Security Gilad Erdan.
    • "Facebook today, which brought an amazing, positive revolution to the world, sadly, we see this since the rise of ISIS and the wave of terror, it has simply become a monster," he declared. The company "sabotages" Israeli police efforts by not cooperating with inquiries... and "sets a very high bar for removing inciteful content and posts."
    • Facebook did not respond directly to Erdan's criticism, but said in a statement that it conferred closely with Israel and there was "no room for content that promotes violence, direct threats, terrorist or hate speeches" on its platform.
    | Mon, Jul. 4, 3:14 AM | 16 Comments
  • Fri, Jul. 1, 4:30 AM
    • Facebook (NASDAQ:FB) now has over 11K bots and 21K developers building them on Messenger, the social networking giant's David Marcus told CNBC.
    • The company opened the platform just over 10 weeks ago and the latest figures appear to suggest enthusiasm from the developer community.
    • In other news, a Brazilian court has blocked over $6M of Facebook money held in the country after WhatsApp failed to turn over a message exchange between drug traffickers to the police.
    | Fri, Jul. 1, 4:30 AM | 12 Comments
  • Tue, Jun. 28, 7:39 AM
  • Sun, Jun. 26, 5:31 AM
    • Some of the web's biggest destinations for watching videos, including YouTube (GOOG, GOOGL) and Facebook (NASDAQ:FB), have quietly started using automation to remove extremist content from their sites, sources told Reuters.
    • The technology looks for "hashes," a type of unique digital fingerprint that internet companies automatically assign to specific videos, allowing all content with matching fingerprints to be removed rapidly.
    | Sun, Jun. 26, 5:31 AM | 64 Comments
  • Fri, Jun. 24, 6:51 PM
    • Facebook (FB -2.6%) is pressing its wireless connectivity ambitions by hiring Kevin Lo -- a co-founder of Google Fiber who served as the project's first manager when it was still a moonshot.
    • Lo will hold the title of director of Infrastructure Connectivity and Investments at Facebook. He left Google last year just before the Alphabet (GOOG -3.8%, GOOGL -4.2%) reorg.
    • That means he'll help lead Facebook's partnerships tied to connectivity, including a recent deal to lay a new trans-Atlantic data cable with Microsoft as well as the Terragraph urban project.
    • Facebook says, however, that it's definitely not getting into the service-provider business like Google Fiber is, and that Lo will not work on the controversial Free Basics emerging-markets app.
    | Fri, Jun. 24, 6:51 PM | 17 Comments
  • Tue, Jun. 21, 3:25 PM
    • The company is paying a variety of media companies and celebrities to create videos for its live-streaming services, and has inked nearly 140 deals for more than $50M so far, according to the WSJ.
    • Partners include old school media like CNN, digital players like Vox and Mashable, and celebrities like Kevin Hart and Russell Wilson. The highest-paid publisher, reports the Journal, is BuzzFeed, which looks to get $3.05M for broadcasting live from March 2016 to March 2017. The NYT is in that price range as well, as is CNN.
    • Facebook (FB +0.9%) is making a big bet live videos will encourage more engagement from the site's 1.65M monthly users. Monetization will be worried about later.
    | Tue, Jun. 21, 3:25 PM | 15 Comments
  • Tue, Jun. 21, 3:11 PM
    • Still a bull on Facebook (FB +0.6%), SunTrust's Bob Peck says Snapchat continues to steal away users.
    • "We think that Snapchat (Private:CHAT) is evolving beyond just ‘another social media platform’ and could be headed to be the first ‘social augmented reality platform’ (SARP),” he says.
    • Snapchat, he says, expands social sharing beyond just selfies and "has brought back the fun in picture taking that can be lacking on other platforms which may be more curated, showing an image of perfection."
    • He notes Snapchat's "daily active users" have surpassed that of Twitter (TWTR -0.3%), but at 150M still remain well below the 1B-plus of Facebook.
    • The threat to Facebook and Instagram is minimal in the short run, but the trend, he says, is worth monitoring, particularly as Instagram has seen user growth slow of late.
    | Tue, Jun. 21, 3:11 PM | 30 Comments
Company Description
Facebook, Inc. is a social networking service and website. Its website allows people to communicate with their family, friends, and coworkers. The company offers advertisers a combination of reach, relevance, social context, and engagement to enhance the value of their ads. Its services include... More
Sector: Technology
Industry: Internet Information Providers
Country: United States