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Facebook, FTC To Settle Privacy Charges For $5B
Friday, July 12, 2019 - 4:07pm | 332The Federal Trade Commission has agreed to settle with Facebook Inc (NASDAQ: FB) over privacy allegations for about $5 billion, according to a Dow Jones report. The news agency cited an unnamed source in reporting that a majority of FTC commissioners have agreed on the settlement. The settlement...
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Facebook Is Dealing With Another Privacy Issue: Employees Could See Millions Of User Passwords
Thursday, March 21, 2019 - 11:59am | 422Social media giant Facebook, Inc. (NASDAQ: FB) is making headlines for another privacy scandal, according to cybercrime investigative journalist Brian Krebs. What Happened Facebook employees had easy access to hundreds of millions of Facebook users that were stored in "plain text," Krebs...
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Needham: Facebook No Longer A Buy Amid A 'Negative Network Effect'
Monday, March 18, 2019 - 11:10am | 354The bullish case for Facebook, Inc. (NASDAQ: FB)'s stock has come to an end, according to Needham. The Analyst Needham's Laura Martin downgraded Facebook from Buy to Hold with no price target. The Thesis Needham's multi-year bullish stance on Facebook's stock can no longer be...
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Bank Of America Lowers Facebook Price Target, Remains 'Constructive' On The Stock
Monday, March 18, 2019 - 9:11am | 355Facebook, Inc. (NASDAQ: FB) CEO Mark Zuckerberg's vision for the future of the social media platform prompted BofA to turn less bullish on the stock. The Analyst Bank of America's Justin Post maintains a Buy rating on Facebook with a price target lowered from $205 to $187. The Thesis...
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Facebook CEO Mark Zuckerberg On Data Privacy: 'My Mistake'
Monday, April 9, 2018 - 3:22pm | 491Facebook, Inc. (NASDAQ: FB) CEO Mark Zuckerberg is in Washington, D.C., where he'll testify Wednesday before the House Energy and Commerce Committee. The executive is also set to speak to a joint hearing of the Senate Judiciary and Commerce committees on Tuesday. What He Said Zuckerberg will...
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Morgan Stanley Isn't Too Worried About Facebook Cutting Ties With Third-Party Data Providers
Wednesday, April 4, 2018 - 8:41am | 405Facebook, Inc. (NASDAQ: FB) will no longer partner with third-party data providers, which does raise concern among investors but checks with multiple agencies and advertisers reveal encouraging data points, according to Morgan Stanley. The Analyst Morgan Stanley's Brian Nowak maintains an...