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Facebook, Inc. (FB)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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282.05+4.04 (+1.45%)
At close: 4:00PM EST

286.40 +4.35 (1.54%)
After hours: 7:59PM EST

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Trade prices are not sourced from all markets
Previous close278.01
Open278.14
Bid285.87 x 1000
Ask285.95 x 1000
Day's range277.81 - 285.39
52-week range137.10 - 304.67
Volume18,198,169
Avg. volume19,207,314
Market cap803.36B
Beta (5Y monthly)1.18
PE ratio (TTM)32.13
EPS (TTM)8.78
Earnings date27 Jan 2021
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est324.96
  • Facebook's secret settlement on Cambridge Analytica gags UK data watchdog
    Editor's pick
    TechCrunch

    Facebook's secret settlement on Cambridge Analytica gags UK data watchdog

    Remember the app audit Facebook founder Mark Zuckerberg promised to carry out a little under three years ago at the height of the Cambridge Analytica scandal? The UK's information commissioner just told a parliamentary subcommittee on online harms and disinformation that a secret arrangement between her office and Facebook prevents her from publicly answering whether or not Facebook contacted the ICO about completing a much-trumpeted 'app audit'. "I think I could answer that question with you and the committee in private," information commissioner Elizabeth Denham told questioner, Kevin Brennan, MP.

  • Palihapitiya Angles for Newsom’s Job as Tech Group Backs Recall
    Bloomberg

    Palihapitiya Angles for Newsom’s Job as Tech Group Backs Recall

    (Bloomberg) -- A wealthy contingent of technologists has joined a movement calling for the removal of Gavin Newsom as California governor. Chamath Palihapitiya, a venture capitalist who popularized the blank-check company, said he’s running for Newsom’s place.Palihapitiya, a former Facebook Inc. executive, promoted the recall campaign, sparked in part by the Democratic governor’s response to the coronavirus pandemic, in a tweet Monday night. Palihapitiya used the hashtag #RecallGavinNewsom and posted a link to a new website for the billionaire’s gubernatorial bid.“California is a mess—it’s too expensive, our teachers are underpaid, and our schools aren’t good enough,” reads Palihapitiya’s one-page campaign website. His platform calls for the elimination of state tax, a $70,000 salary for teachers and a payment of $2,000 for each child born in California. Many proposals emphasize keeping people and business in California after the state’s population declined for the first time since at least 1900.The recall campaign had been propelled by followers of QAnon and other extremists, according to the Los Angeles Times. It faces long odds of succeeding in the Democrat-dominated state. It needs 1.5 million certified signatures, or 12% of the initial vote turnout, to force a special election for governor. State Republicans have tried and failed five times to force a recall election, each time before the pandemic.Dan Newman, a Newsom spokesman, said in a statement earlier this month that the recall campaign is a waste of taxpayers’ money and that the governor has taken “bold action” to fight the pandemic.But now, fueled by anger about Covid-19-related restrictions and slow vaccine distribution, the effort has been gaining traction. Supporters said Monday that 1.2 million of the 1.5 million required signatures have been collected ahead of the mid-March deadline.Some of the campaign’s largest contributors come from tech. Doug Leone, a billionaire venture capitalist at Sequoia Capital, and his wife donated a combined $100,000 last week. The family of Dixon Doll, another VC, has given $100,000, too. David Sacks, a tech executive who donated $60,000 to Newsom’s 2018 campaign, now supports the recall. Jacqueline Sacks, his wife and CEO of apparel startup Saint Haven, gave $25,000 last week. These donations alone amount to 16% of amount raised by the Rescue California committee.David Sacks expressed support for Palihapitiya’s campaign on Bloomberg TV Tuesday, referring to him as a “centrist Democrat,” and criticizing Newsom’s pandemic policies. “If you listen to most scientists, they’ve changed their minds about lockdowns,” Sacks said.Unlike many other recall supporters in Silicon Valley, Palihapitiya is a consistent supporter of Democratic Party candidates and causes. He has donated more than $1.3 million since 2010. All donations were to Democrats or Democrat-affiliated groups, with the exception of a $5,000 contribution to Ted Cruz’s Senate campaign in 2011. California records show no donations from Palihapitiya to groups affiliated with the recall effort.As Palihapitiya lays the groundwork for an unexpected run in public office, he continues to pursue a scattering of investments in startups, public stocks and blank-check ventures, also known as special purpose acquisition companies. On Monday, before the political tweet, he invested in two SPAC deals. On Tuesday morning, he said he bought call options in GameStop Corp., the video game retailer that’s the target of short sellers, an activist investor and stock speculators on the website Reddit.(Updates with quote in eighth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • U.K. Data Watchdog Says Millions Have Stopped Using WhatsApp
    Bloomberg

    U.K. Data Watchdog Says Millions Have Stopped Using WhatsApp

    (Bloomberg) -- The U.K.’s top data-protection regulator told lawmakers that millions of people have stopped using WhatsApp in favor of alternative messaging services such as Telegram and Signal.Elizabeth Denham said that changing terms of service have led consumers to vote with their virtual feet away from the Facebook Inc. business.WhatsApp delayed the introduction of a new privacy policy announced earlier this month after confusion and user backlash forced the messaging service to better explain what data it collects and how it shares that information with its parent company.“Users expect companies to maintain their trust and not to suddenly change the contract that they have with the users,” Denham told Parliament’s Digital, Culture, Media and Sport Sub-committee on Online Harms and Disinformation Tuesday. When asked how many people had switched, she replied “millions.”She said, however, that the new changes won’t apply to U.K. users under a 2017 deal her office reached with WhatsApp. The company agreed not to share user information and contact details until it showed it could comply with the European Union’s General Data Protection Regulation.The latest update “includes new options people will have to message a business on WhatsApp, and provides further transparency about how we collect and use data,” a WhatsApp spokesperson said in an email. “This update does not expand our ability to share data with Facebook in the U.K. or anywhere in the world.”But Denham said she would follow-up with WhatsApp and Facebook on the privacy changes and regulatory issues brought on by Brexit and report back to the committee.Denham went on to say that she doesn’t use WhatsApp herself, favoring “Signal for my personal communications.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.