Facebook (FB) - NASDAQ
  • 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
  • Tue, Jun. 21, 9:21 AM
    • Instagram blew past a significant milestone today by hitting 500M monthly users, according to TechCrunch.
    • The Facebook (NASDAQ:FB) property is also over 300M daily active users with a striking acceleration of 100M new DAUs since last September.
    • Instagram is not a United States-centric sensation, 80% of the users are from outside the U.S.
    • FB +0.28% premarket to $113.69.
    | Tue, Jun. 21, 9:21 AM | 20 Comments
  • Mon, Jun. 20, 6:21 PM
    • Facebook (NASDAQ:FB) shareholders approved a proposal to create a new class of non-voting shares, a move aimed at allowing CEO Mark Zuckerberg to give away his wealth without relinquishing control of the company he founded.
    • FB will now move ahead with its plan to issue two Class C shares for each Class A and Class B share held by shareholders, in what effectively is a 3-for-1 stock split; creation of the Class C shares will allow Zuckerberg to sell the non-voting stock, but keep the voting Class A and Class B shares that would let him retain control of the company.
    • Zuckerberg has said he wanted to put 99% of his FB shares into a new philanthropy project.
    • Shareholders also approved the continued tenure of all eight board members, including investor Peter Thiel, who were up for re-election.
    | Mon, Jun. 20, 6:21 PM | 35 Comments
  • Mon, Jun. 20, 3:42 AM
    • The stage is set for Facebook's (NASDAQ:FB) annual shareholder meeting in Silicon Valley, where top executives will field questions about the state of the company.
    • Up for a vote is a proposed new stock structure, deciding whether to grant Mark Zuckerberg majority voting control as he plans to sell off his stock in the coming years for philanthropic causes.
    • Another wrinkle in this year's gathering comes from the recent revelations that board member Peter Thiel has been privately funding lawsuits against Gawker Media.
    | Mon, Jun. 20, 3:42 AM | 26 Comments
  • Fri, Jun. 17, 7:39 AM
  • Mon, Jun. 13, 9:31 AM
    • "Facebook (NASDAQ:FB) is losing an extensive amount of relevancy," Citron's Andrew Left tells CNBC.
    • His call, of course, comes as Microsoft this morning announces its purchase of LinkedIn for a near-50% premium to Friday's close. Left told CNBC earlier this year he was long LinkedIn.
    • Whereas LinkeIn is a "monopoly in [its] respective space ... Facebook is losing market share to Snapchat and overstaying its welcome in other niches ... I am not saying Facebook is a bad company, [it] just will not be a $330B company in a year."
    • FB -1.4% premarket
    | Mon, Jun. 13, 9:31 AM | 56 Comments
  • Mon, Jun. 13, 3:26 AM
    • Facebook (NASDAQ:FB) has turned on its "Safety Check" for the first time in the U.S. following the weekend shooting in Orlando.
    • The feature allows people to use the social networking site or app to alert people and friends that they are safe in the wake of a crisis or disaster.
    • Facebook has previously employed Safety Check after emergencies in France, Belgium, Pakistan, Nigeria, India and other countries.
    | Mon, Jun. 13, 3:26 AM | 21 Comments
  • Fri, Jun. 3, 2:12 AM
    • Facebook (NASDAQ:FB) isn't expecting Mark Zuckerberg to leave anytime soon, but if he ever does, the company wants to make sure the next CEO it hires would neither be bound to the website co-founder nor his family.
    • As a result, the board has proposed removing Zuckerberg's majority control by converting his equity into a new class of non-voting shares, along with a "sunset" provision affecting the stock.
    • The changes will be voted on at Facebook's annual general meeting on June 20.
    | Fri, Jun. 3, 2:12 AM | 39 Comments
  • Wed, Jun. 1, 7:03 PM
    • Sheryl Sandberg, chief operating officer at Facebook (NASDAQ:FB), is dampening speculation that she could be the one to take the top executive spot at Walt Disney (NYSE:DIS).
    • “I don’t want another job,” Sandberg said at the Code Conference. Sandberg, a Disney board member, is one of the names that has come up as a potential replacement for Disney chief Bob Iger, after the heir apparent, Disney COO Tom Staggs, stepped down from his post last month.
    • On Disney's earnings call last month, Iger addressed the hovering questions saying that he didn't (currently) have plans to extend his CEO contract beyond its June 2018 expiration, but that the board was very involved and would find the right candidate in time.
    • Meanwhile, Sandberg said that billionaire Peter Thiel would remain on Facebook's board despite a free-speech controversy spurred by his long-term funding of lawsuits against online publisher Gawker.
    • The company didn't have knowledge of what was going on, she said. “We have very independent board members with very independent thoughts they share separately; those strong people make strong board members because they have strong views.”
    | Wed, Jun. 1, 7:03 PM | 31 Comments
  • Sun, May 29, 1:28 AM
    • 62% of U.S. adults get news on social media, and 18% do so often, according to a new survey by Pew Research Center. In 2012 49% of U.S. adults reported "seeing news" on social media.
    • 66% of Facebook (NASDAQ:FB) users; 59% of Twitter (NYSE:TWTR) users; 70% of Reddit users; 31% of Tumblr (NASDAQ:YHOO) users; and 19% of LinkedIn (NYSE:LNKD) users say they get news on the site.
    • See more interesting statistics at the source, including intentionality (how many users of each platform went looking for news rather than finding it when searching for something else), and how the change over time maps out across different platforms.
    | Sun, May 29, 1:28 AM | 75 Comments
  • Fri, May 27, 3:48 PM
    • Facebook (NASDAQ:FB) now will be showing ads to non-users -- on third-party apps and websites, to anyone who has ever visited Facebook.
    • The company is expanding its "Audience Network" to let its advertisers reach people who don't use the social-media site. It had shown ads elsewhere before, but only to its users.
    • The ads may not be as relevant as ones shown to its users. But the key may be whether they are more relevant than third-party competition that the ads might run in place of, and help Facebook fight for ad dominance with Google.
    • Like other companies, Facebook will rely on cookies to collect browsing data and serve ads. More than 80% of Q1 ad revenue came from mobile ads.
    | Fri, May 27, 3:48 PM | 25 Comments
  • Thu, May 26, 6:00 PM
    • Facebook (NASDAQ:FB) is starting a search for a new chief information officer, as Tim Campos is leaving the company at year-end.
    • Campos, a six-year veteran of the company, will start his own company.
    • Facebook (where Campos says the role of a CIO is about delivering efficiency) is looking for a new chief with strong technical leadership, innovative in R&D of new enterprise systems and can emphasize service quality for the workforce.
    | Thu, May 26, 6:00 PM | 11 Comments
  • Thu, May 26, 1:18 PM
    • Microsoft (MSFT -0.8%) and Facebook (FB +1.2%) are teaming up to lay a new subsea cable across the Atlantic to set a new standard for trans-Atlantic data transfers.
    • The MAREA cable combines eight fiber pairs and an initial transfer capacity of 160 Tbps, and is designed to be openly interoperable with a variety of networking equipment. It will run 6,600 km and take a more southerly route than other systems, connecting Northern Virginia to Bilbao, Spain, and then to other network hubs in Europe, Africa, the Middle East and Asia.
    • Building the cable begins in August, with completion expected October 2017.
    • Telxius -- the infrastructure unit that subsea veteran Telefonica (TEF +1%) is considering giving an IPO this summer -- will manage the new system.
    | Thu, May 26, 1:18 PM | 21 Comments
  • Wed, May 25, 3:29 PM
    • Facebook (FB +0.2%) is shutting down its FBX ad exchange, which launched in 2012 and (via ad tech partners) delivers Facebook ads based on browsing activity on non-Facebook sites. Criteo (CRTO -2.6%), which has delivered targeted e-commerce ads for its clients via FBX, has sold off on the news.
    • As it is, FBX has only functioned on Facebook's PC site - mobile accounted for 82% of Q1 ad revenue - and didn't support video ads. Other PC ad options, such as news feed ads recommending a user like/follow a page or shop at the advertiser's site (they can be purchased directly from Facebook), remain in place.
    • Facebook has been pruning its ad offerings in order to focus on high-quality formats that deliver a strong ROI. In March, the company ended a test for an automated ad-buying platform after seeing "many bad ads and fraud." More recently, it laid off ~40 workers within its LiveRail video ad unit (serves third-party publishers), and stopped doing business with LiveRail publishers that didn't meet Facebook's quality standards.
    | Wed, May 25, 3:29 PM | 6 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