Facebook (FB) was off to a good start in 2019 even before it reported Q4 earnings last week and then jumped over 10% after beating expectations on revenues, earnings and monthly active users. Tony Mitchell, one of my managers, first bought Facebook at $16. At today's price of $169, Tony is still not selling because he sees more upside. Although Facebook is now up 22% year to date, it is still 24% off of its 52-week high of $218.62. ...
The Facebook monthly price chart breaks the uptrend line from 2013 and other issues. The company and its CEO, Mark Zuckerberg, are under fire lately after a New York Times investigation reported that Facebook shared tons of users' personal data with many other companies including Microsoft, Netflix and Amazon. The downtrend for the stock has been relentlessly intact since the late July gap down from $215 to $150. Attempted ...
Beloved Facebook subsidiary Oculus has announced that going forward, the Oculus Rift will only support Windows 10 systems once the Rift Core 2.0 update drops. While this isn’t expected to lead to any near-term loss of features or capabilities on Windows 7 or Windows 8.1, the firm’s messaging is clear: Update now. ...
The Northern Territory Racing Commission (NTRC), the Australian regional gambling regulator, is set to ban gambling using cryptocurrency in Australia. NTRC is against adding cryptocurrencies to Australian Gambling Websites. The chairman of the NTRC has reportedly sent out an informal email to all sports bookmakers and betting exchange operators in the Northern Territory asking them to immediately cease and desist from transacting in cryptocurrency. ...
FACEBOOK Inc offered reassurances to investors on Wednesday that its digital ad business would remain highly profitable, despite a dip in usage on the social media network and an overhaul of its flagship News Feed. The company said in an earnings report that quarterly revenue jumped 47 percent from a year earlier, and executives said on a conference call that they saw more chances to make money even if people spend less time on Facebook. ...
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