Facebook’s Stock Defies Gravity Despite Looming $5 Billion FTC Probe

2019-4-25 05:16

By CCN: Facebook’s stock ran up 7. 5% in after-hours trading to $196 after Q1 earnings painted a seemingly rosy growth picture. Revenue exploded by $3. 1 billion to $15. 08 billion, which exceeded estimates.

 Facebook CEO Mark Zuckerberg, however, revealed that the FTC’s investigation into the company for privacy problems will be painful on the expense line, saying: “In the first quarter of 2019, we reasonably estimated a probable loss and recorded an accrual of $3. 0 billion in connection with the inquiry of the FTC into our platform and user data practices, which accrual is included in accrued expenses and other current liabilities

The post Facebook’s Stock Defies Gravity Despite Looming $5 Billion FTC Probe appeared first on CCN

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Can We Trust Libra After Facebook $5 Billion Fine For Abusing Users’ Privacy?

Watch Will’s analysis on how, after the endless scandals and mishandling our data, Facebook will now have to pay the price of $5 Billion to FTC for the privacy breach, and can we still bet on Libra? If the video doesn’t load, click on the direct link to the video: Facebook $5 Billion FTC Fine […] The post Can We Trust Libra After Facebook $5 Billion Fine For Abusing Users’ Privacy? appeared first on CCN Markets

2019-7-27 14:39


Facebook Coin Seeks $1 Billion in Funding; Is it Really the ‘Biggest Boon for Crypto Ever?’

Crypto entrepreneur and hedge fund manager Jeremy Gardner says Facebook’s impending cryptocurrency is not a threat to the bitcoin community. In fact, he believes it’s a huge positive for crypto. Speaking at the ELEV8 conference, Gardner said: “This may be the biggest boom for crypto ever… I can only see it being a net positive in the short term.

2019-4-9 17:40


Ôîòî:

Barclays Analyst Says Facebook Cryptocurrency Push Could Generate $19 Billion by 2021

While social media giant Facebook is putting preparations in top gear to launch a stablecoin that could function as both the native currency for the platform and a digital asset for global peer-to-peer payments, Barclays Internet analyst, Ross Sandler has forecasted that Facebook Coin could generate as much as $19 billion for by 2021, reportsRead MoreRead More.

2019-3-13 21:00


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In a captivating revelation during the “What Bitcoin Did” podcast with Peter McCormack, David Marcus, the former spearhead of Facebook’s Libra project and now CEO & co-founder of Lightspark, made intriguing comments about Facebook’s CEO, Mark Zuckerberg’s perspective on Bitcoin.

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