In the wake of the Cambridge Analytica scandal, nearly half of Facebook Inc. members said they planned to use the platform less or discontinue use altogether, according to a Raymond James survey in a Tuesday note to investors. Facebook stock is down 2.2% to $156.39 in afternoon trading. Following the Cambridge scandal involving the improper handling and use of data from about 50 million accounts, nearly 20% of respondents said they would use the site significantly less and 8% said they would stop using Facebook altogether. About one-quarter of those surveyed say they would use the site "somewhat" less. In the longer run, however, Raymond James analyst Aaron Kessler wrote in then note, "While the data appears negative on the surface, we believe the Cambridge story is still fresh in the mind of many users and likely will not have as large an impact as our survey data suggests." Even though many users will use the site less, the site remains the clear social leader with 73% usage, according to the note. Facebook stock is down 11% this year, as the S&P 500 index has fallen less than 1%.
by Max A. Cherney
Facebook Inc (FB) NASDAQ Symbol Exchange Currency FB NASDAQ USD Real-time FB Mexico MXN Delayed FB Switzerland CHF Delayed FBUSD Switzerland USD Delayed FB2A Frankfurt EUR Delayed FB2A Berlin EUR Delayed FB2A Xetra EUR Delayed FB2A TradeGate EUR Delayed FB2A Munich EUR Delayed FB2A Stuttgart EUR Delayed FACE Santiago USD Delayed FBOK34 BM&FBovespa BRL Delayed FB Vienna EUR Delayed FB Lima USD Delayed Add to/Remove from a Portfolio Add to Portfolio
152.02 -8.04 -5.02% 19:58:46 GMT - Real-time CFD Data. Currency in USD Disclaimer ) - Real-time CFD Data. Currency in Type: Equity Market: United States ISIN: US30303M1027 CUSIP: 30303M102 Volume: 72,895,568
Bid/Ask: 152.02 / 152.03
Day's Range: 150.75 - 162.85
Facebook 152.02 -8.04 -5.02%
FB Overview
Prev. Close 160.06 Day's Range 150.75 - 162.85 Revenue 40.65B Open 156.3 52 wk Range 138.81 - 195.32 EPS 6.16 Volume 71,605,443 Market Cap 464.97B Dividend (Yield) 0 (N/A) Average Vol. (3m) 22,069,228 P/E Ratio 25.98 Beta 0.8 1-Year Change 14.05% Shares Outstanding 2,906,079,123 Next Earnings Date May 01, 2018
What is your sentiment on Facebook? or Members' Sentiments: Bullish Bearish Vote to see community's results!
Type 5 mins 15 mins Hourly Daily Monthly Moving Averages Sell Strong Sell Strong Sell Strong Sell Neutral Technical Indicators Strong Sell Strong Sell Strong Sell Strong Sell BUY Summary Strong Sell Strong Sell Strong Sell Strong Sell Neutral
Filter Table By: Candle Sticks Characteristics: Time Frame ALL 15 30 1H 5H 1D 1W 1M Type ALL Bullish Bearish Pattern Indication ALL Reversal Continuation Reliability High / Mid / Low High / Mid High Only Apply Restore Default Settings
Pattern Timeframe Reliability Candles Ago Candle Time Emerging Patterns Downside Gap Three Methods 15 Current Completed Patterns Evening Star 1W 1 Mar 18, 2018 Doji Star Bearish 1W 2 Mar 11, 2018 Downside Gap Three Methods 5H 2 Mar 26, 2018 12:00PM
Facebook Inc News & Analysis
Facebook Inc Quotes
Exchange Last Bid Ask Volume Change % Currency Time NASDAQ 152.02 152.02 152.03 72,895,568 -5.02% USD 19:58:46 Mexico 2,800.00 2,755.77 2,844.71 30,383 -3.80% MXN 19:37:44 Switzerland 154.00 146.00 166.00 908 +9.22% CHF 14:14:00 Switzerland 160.00 0.00 0.00 25 +1.27% USD 13:17:00 Frankfurt 124.70 0.00 0.00 23,145 +0.36% EUR 17:56:00 Berlin 125.67 0.00 0.00 661 -2.63% EUR 17:28:00 Xetra 127.70 127.00 127.40 71,037 +3.99% EUR 15:35:00 TradeGate 122.36 122.28 122.48 105,415 -4.87% EUR 19:42:00 Munich 125.68 124.53 124.82 636 +0.95% EUR 17:31:00 Stuttgart 121.75 122.10 122.30 5,506 -4.76% EUR 19:34:00 Santiago 155.550 0.000 0.000 0 0.00% USD 26/03 BM&FBovespa 254.30 0.00 0.00 1,800 -1.15% BRL 19:04:00 Vienna 129.350 0.000 0.000 148 +5.51% EUR 11:03:00 Lima 156.10 0.00 0.00 0 0.00% USD 26/03
Facebook Inc Company Profile
Industry Computer Services Sector Technology Employees 25105 Equity Type ORD
Facebook, Inc. is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company's products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers. Instagram enables people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends. Messenger allows communicating with people and businesses alike across a range of platforms and devices. WhatsApp Messenger is a messaging application that is used by people around the world and is available on a range of mobile platforms. Its Oculus virtual reality technology and content platform offers products that allow people to enter an interactive environment to play games, consume content and connect with others. Read More
Start Trading With Top Industry Brokers
Brokers Regulation Minimum Deposit Cyprus Securities and Exchange Commission (Cyprus), The Financial Conduct Authority (United Kingdom), Australian Securities and Investments Commission (Australia), International Financial Services Commission (Belize) $5 Start Trading Monetary Authority of Singapore (Singapore), National Futures Association (United States), U.S. Commodity Futures Trading Commission (United States), The Financial Conduct Authority (United Kingdom), Australian Securities and Investments Commission (Australia), Dubai Financial Services Authority (United Arab Emirates), Investment Industry Regulatory Organization of Canada (Canada) $1 Start Trading
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators. Please wait a minute before you try to comment again.
Raymond James analyst Aaron Kessler noted that Facebook has declined about 14% since March 16 and he believes the shares have discounted many of the recent concerns around Cambridge Analytica and the improper harvesting of users' private information. A Facebook user survey showed that Facebook remains the clear social leader, though it also indicates that 84% of users are "somewhat/very concerned" about how their data may be used and usage is expected to decrease due to recent data concerns, the analyst noted. He believes recent concerns should ease with time, making the shares attractive at current levels, and Kessler reiterated his Strong Buy rating on Facebook.
FB Facebook $160.07 0.68 (0.43%) 03/26/18 WELS 03/26/18
NO CHANGE WELS
Outperform Wells Fargo says FTC announcement expected, buy Facebook shares Wells Fargo analyst Ken Sena says the Federal Trade Commission's confirmation today of an open non-public investigation into Facebook's practices is expected and not a surprise. The break in user and investor confidence creates a buying opportunity, Sena tells investors in an intraday research. The analyst expects continued success at Instagram and points out Facebook shares are now at the lowest valuation levels within his coverage "for a name with still much better overall long-term relative growth prospects." He keeps an Outperform rating on the social networking giant. Facebook shares in afternoon trading are well off the day's lows but remain down 2% to $156.02. Wells Fargo analyst Ken Sena says the Federal Trade Commission's confirmation today of an open non-public investigation into Facebook's practices is expected and not a surprise. The break in user and investor confidence creates a buying opportunity, Sena tells investors in an intraday research. The analyst expects continued success at Instagram and points out Facebook shares are now at the lowest valuation levels within his coverage "for a name with still much better overall long-term relative growth prospects." He keeps an Outperform rating on the social networking giant. Facebook shares in afternoon trading are well off the day's lows but remain down 2% to $156.02. 06:18 Today RILY Today
NO CHANGE Target $2.8
RILY
Buy Digital Turbine should be bought on Facebook-related pullback, says B. Riley FBR B. Riley FBR analyst Sameet Sinha recommends buying shares of Digital Turbine (APPS) following the recent 16% pullback in the shares. The analyst believes the selloff is likely caused by Facebook's (FB) alleged data misuse. Digital Turbine creates data vaults between carriers and partners, and "hence is actually aiding privacy initiatives," Sinha tells investors in a research note. The analyst keeps a Buy rating on the shares with a $2.80 price target. B. Riley FBR analyst Sameet Sinha recommends buying shares of Digital Turbine (APPS) following the recent 16% pullback in the shares. The analyst believes the selloff is likely caused by Facebook's (FB) alleged data misuse. Digital Turbine creates data vaults between carriers and partners, and "hence is actually aiding privacy initiatives," Sinha tells investors in a research note. The analyst keeps a Buy rating on the shares with a $2.80 price target. 06:23 Today LOOP Today
NO CHANGE Target $1700
LOOP
Buy Amazon digital ad spending to benefit from Facebook scandal, says Loop Capital Loop Capital analyst Anthony Chukumba says the recent issues involving Facebook (FB) and Google's (GOOGL) YouTube in customer data protection are positive for Amazon.com (AMZN). The analyst says he "always expected" for Amazon to become a force in digital advertising based on its "extensive user data, technological expertise, and deep pockets", pointing to data management scandal at those firms as a potential catalyst for migration to Amazon. Chukumba keeps his Buy rating and $1,700 price target. Loop Capital analyst Anthony Chukumba says the recent issues involving Facebook (FB) and Google's (GOOGL) YouTube in customer data protection are positive for Amazon.com (AMZN). The analyst says he "always expected" for Amazon to become a force in digital advertising based on its "extensive user data, technological expertise, and deep pockets", pointing to data management scandal at those firms as a potential catalyst for migration to Amazon. Chukumba keeps his Buy rating and $1,700 price target. 07:51 Today BOFA Today
NO CHANGE Target $210
BOFA
Buy BofA/Merrill cuts Facebook target to $210 on increased regulatory risk Bank of America Merrill Lynch analyst Justin Post cut his price target for shares of Facebook (FB) to $210 from $230 citing increased regulatory risk. The analyst, however, reiterates a Buy rating on the shares with his target representing substantial upside from current levels. Facebook closed yesterday up 67c to $160.06. The Federal Trade Commission investigation is significant as it raises risk of civil penalties on data privacy violations, Post tells investors in a research note. And if history serves, the investigation could take multiple years to resolve, the analyst adds. He points out that the FTC/Department of Justice investigation into Microsoft (MSFT) took over a decade. In the meantime, Post sees user and usage erosion, with "negative news flow likely to continue into Q2," as the biggest near-term and long-term risk for Facebook. Bank of America Merrill Lynch analyst Justin Post cut his price target for shares of Facebook (FB) to $210 from $230 citing increased regulatory risk. The analyst, however, reiterates a Buy rating on the shares with his target representing substantial upside from current levels. Facebook closed yesterday up 67c to $160.06. The Federal Trade Commission investigation is significant as it raises risk of civil penalties on data privacy violations, Post tells investors in a research note. And if history serves, the investigation could take multiple years to resolve, the analyst adds. He points out that the FTC/Department of Justice investigation into Microsoft (MSFT) took over a decade. In the meantime, Post sees user and usage erosion, with "negative news flow likely to continue into Q2," as the biggest near-term and long-term risk for Facebook.
FACEBOOK'S shares have nosedived in the wake of its latest privacy blunder, wiping $50 billion (£35 billion) off the company's value.
But what's caused the sharp decline? And can Facebook fix the problem?
Facebook founder Mark Zuckerberg is yet to comment on his company's latest privacy blunder, which has sent his firm's stock prices plummeting
How much have Facebook shares fallen by?
Shares of Facebook fell a further 5 per cent on Monday, March 26, after the US consumer protection regulator said it was investigating how 50million users' data got into the hands of political consultancy Cambridge Analytica.
When markets closed in New York last night, shares had bounced back a fraction to around $160 each, still $25 less than a fortnight ago.
The US Federal Trade Commission confirmed it was probing the social media mammoth's privacy practices.
It comes after more than $50billion was wiped off the value of shares last week in the wake of concerns over data breaches.
Why are Facebook's shares plummeting?
Analysts blamed the decline on investors' reactions to fears of greater scrutiny of Facebook's handling of user data by US and European regulators.
The renewed concern over Facebook's approach to user privacy is fuelled by the platform's latest data breach.
This weekend, a report by The Guardian revealed that a company called Cambridge Analytica had harvested the personal data of 50 million Facebook profiles.
The data had been collected by a dodgy app masquerading as a personality quiz.
This information was allegedly used to map out voter behaviour in 2016 for both the Brexit campaign and the US presidential election.
Cambridge Analytica is a British company that helps businesses "change audience behaviour", and supposedly helped get US President Donald Trump elected.
Facebook Q&A WHAT has happened?
Facebook is accused of passing 50 million users’ information to British company Cambridge Analytica, without their consent. How was the information collected?
In 2014, 270,000 Facebook users took part in a personality quiz on an app on the network. The app harvested information from the person taking the quiz and all their friends. How was it used?
The data was sold to Cambridge Analytica who profiled US users in order to send them pro-Donald Trump campaign messages. Was this against Facebook’s rules?
Harvesting data was allowed but selling it on was not. Facebook said it demanded the data was deleted when it found out about “the breach”. Is this the case?
A whistleblower says this was never checked and all the information was kept, with some still available online.
Theresa May's spokesman called the allegations "very concerning".
And the UK data protection body is seeking a warrant to search Facebook's offices.
Meanwhile advertiser have been telling the social media giant "enough is enough"
ISBA, a trade body which represents major UK advertisers, was set to meet Facebook on March 23.
Adding to its woes, US Congress has called on Zuckerberg to testify to a committee over Facebook's use of the personal information.
Most read in tech SUPER SLATE Apple's CHEAPEST iPad has just been revealed, and it's a real bargain GADGET UPGRADE Today's iPhone update could make your phone faster – here's a full guide UP, UP AND AWAY How to get Apple's new iPhone and iPad update today fast times You can speed up your iPhone with this new trick, but there's a BIG catch FREE GAMES! What games do you get for free on PlayStation Plus in April? FREE GAMES! What games do you get for free on Xbox Games With Gold in April?
US senators Amy Klobuchar and John Kennedy have also called for a hearing about data security.
They say Facebook founder Mark Zuckerberg, along with other tech executives, must provide answers on the way they treat privacy rights.
Facebook has since suspended Cambridge Analytica.
The company is said to have known about the issue since 2015, but flatly denies that the fiasco was even a data breach.
