FB Stock Price Forecast: Q3 Earnings Preview
Facebook Q3 results are likely to show a slow-down in growth.Focus on daily active users growth.Scrutiny on Apple iOS update impact. Facebook Inc. (NASDAQ: FB) is scheduled to report its third-quarter…
Facebook Announces Digital Wallet Pilot With Paxos and Coinbase on Board
(Coindesk) Facebook has tapped Paxos and Coinbase for the piloting of a digital wallet Novi in the US and Guatemala. The pilot, already live, is being rolled out gradually on…
Facebook Suffers a Blow as Digital Currency Engineers Leave for Andreessen Horowitz
(CNBC) Facebook’s top digital currency engineers Riyaz Faizullabhoy and Nassim Eddequiouaq have left to join Andreessen Horowitz, a leading crypto venture firm. Faizullabhoy is joining the venture capital firm as…
Facebook Blames Network Configuration Hitch on Monday’s Global Service Outage
(Bloomberg) Facebook experienced a global service outage on Monday in what the company said was due to a network configuration problem. Facebook’s Instagram, WhatsApp, and messenger social network services went…
Facebook’s Schroepfer to Resign as Chief Technology Officer Next Year
(Facebook) Mike Schroepfer, Facebook’s Chief Technology Officer, has announced that he is resigning from the role next year to take a ‘senior fellow’ position in the company. Andrew Bosworth, who…
Tech Giants Rush for Custom-Made Chips as Competition and Shortages Hots Up
(CNBC) Tech giants led by Apple, Amazon, Tesla, Facebook, and Baidu are exploring the idea of custom-made chips by in-house development. The move towards in-house chip development by tech giants…
EU Regulators Open Probe on Facebook’s Acquisition of Kustomer
(Reuters) The European Union antitrust regulators have opened a full-scale investigation of Facebook’s acquisition of US customer service startup Kustomer. The EU antitrust regulators say the acquisition of Kustomer by…
Facebook Q2 Earnings Analysis Preview: What to Expect
Facebook stock up 35% ahead of the earnings reportQ2 earnings and revenue expected to top estimatesFocus on active users is crucial to advertising revenue growth Facebook Inc. (NASDAQ: FB) is…
Facebook vs. Twitter Analysis: Which Social Media Giant Will Outperform?
While Facebook and Twitter are both categorized as social media technology stocks, they have a vastly different business model. Tech giants primarily earn their revenues from advertising, but that is…
Facebook Under U.K, EU Radar on Suspected Antitrust Violations
U.K and EU regulators have launched an antitrust investigation on Facebook, according to CNBC. The authorities are scrutinizing the social media giant’s abuse of its dominant position in the digital…
Facebook’s First Quarter Revenue +48% YoY
Facebook recorded a revenue of $26.171 billion in the first quarter of 2021, up 48% from the same quarter of 2020, according to the company’s press release. Diluted earnings per…
Facebook Enters into First Deal with CleanMax to Purchase Renewable Energy in India
Facebook has agreed to buy renewable energy in India from a local firm’s wind power project, according to Reuters. The 32 megawatt wind power project is part of a larger…