Facebook, Inc. develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and private messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application that is used by people and businesses to communicate in a private way. It also provides Facebook Reality Labs, an augmented and virtual reality product that help people feel connected, anytime, and anywhere. Facebook, Inc. was founded in 2004 and is headquartered in Menlo Park, California.
IPO Year: 2012
Exchange: NASDAQ
Website: investor.fb.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/20/2022 | $258.00 → $300.00 | Neutral → Buy | Citigroup |
| 4/19/2022 | $228.00 | Neutral | Rosenblatt |
| 3/11/2022 | $265.00 | Buy | Deutsche Bank |
| 3/8/2022 | $301.00 → $240.00 | Neutral | Piper Sandler |
| 3/2/2022 | $360.00 → $325.00 | Overweight | Morgan Stanley |
| 3/1/2022 | Hold | Benchmark | |
| 3/1/2022 | Hold | The Benchmark Company | |
| 2/8/2022 | $270.00 | Outperform → Neutral | KGI Securities |
| 2/4/2022 | Buy → Hold | Argus | |
| 2/4/2022 | $400.00 → $300.00 | Buy | Rosenblatt |
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MENLO PARK, Calif., April 27, 2022 /PRNewswire/ -- Meta Platforms, Inc. (NASDAQ:FB) today reported financial results for the quarter ended March 31, 2022. "We made progress this quarter across a number of key company priorities and we remain confident in the long-term opportunities and growth that our product roadmap will unlock," said Mark Zuckerberg, Meta founder and CEO. "More people use our services today than ever before, and I'm proud of how our products are serving people around the world." First Quarter 2022 Financial Highlights Three Months Ended March 31, Year-over-Y
MENLO PARK, Calif., April 4, 2022 /PRNewswire/ -- Meta Platforms, Inc. (NASDAQ:FB) announced today that the company's first quarter 2022 financial results will be released after market close on Wednesday, April 27, 2022. Meta will host a conference call to discuss its results at 2 p.m. PT / 5 p.m. ET the same day. The live webcast of the call can be accessed at the Meta Investor Relations website at investor.fb.com, along with the company's earnings press release, financial tables, and slide presentation. Following the call, a replay will be available at the same website. A t
MENLO PARK, Calif., Jan. 24, 2022 /PRNewswire/ -- Following Meta Platforms, Inc. (NASDAQ:FB) October 2021 announcement that we would implement a new financial reporting structure, we are sharing additional information about the reporting format of our segmented financials. Beginning with the fourth quarter 2021 earnings results on February 2, 2022, Meta will report revenue and income (loss) from operations for the following two segments: Family of Apps (FoA) includes Facebook, Instagram, Messenger, WhatsApp and other services. We will continue to report total advertising reve
MENLO PARK, Calif., Jan. 4, 2022 /PRNewswire/ -- Meta Platforms, Inc. (NASDAQ:FB) announced today that the company's fourth quarter and full year 2021 financial results will be released after market close on Wednesday, February 2, 2022. Meta will host a conference call to discuss its results at 2 p.m. PT / 5 p.m. ET the same day. The live webcast of the call can be accessed at the Meta Investor Relations website at investor.fb.com, along with the company's earnings press release, financial tables, and slide presentation. Following the call, a replay will be available at the s
NEW YORK, Dec. 21, 2021 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") announced today preliminary S&P 500® stock buyback, or share repurchases, data for Q3 2021. Historical data on S&P 500 buybacks are available at www.spdji.com/indices/equity/sp-500. Key Takeaways: Q3 2021 share repurchases were $234.6 billion, increasing 18.0% from Q2 2021's $198.8 billion expenditure and up 130.5% from Q3 2020' $101.8 billion. 309 companies reported buybacks of at least $5 million for the quarter, up from 294 in Q2 2021, and up from 190 in Q3 2020; 371 issues did some buybacks for the quarter, up from 360 in Q2 2020 and up from 290 in Q3 2020. Buybacks remained top heavy with the top 20 issues acc
MENLO PARK, Calif., Oct. 25, 2021 /PRNewswire/ -- Facebook, Inc. (NASDAQ:FB) today reported financial results for the quarter ended September 30, 2021. "We made good progress this quarter and our community continues to grow," said Mark Zuckerberg, Facebook founder and CEO. "I'm excited about our roadmap, especially around creators, commerce, and helping to build the metaverse." Third Quarter 2021 Financial Highlights Three Months Ended September 30, Year-over-Year %Change In millions, except percentages and per share amounts 2021 2020(1) Revenue: Advertising $ 28,276 $ 21,221 33% Other 734 249 195% Total revenue 29,010 21,470 35% Total costs and expenses 18,587 13,430 38% Income from operati
MENLO PARK, Calif., July 28, 2021 /PRNewswire/ -- Facebook, Inc. (NASDAQ:FB) today reported financial results for the quarter ended June 30, 2021. "We had a strong quarter as we continue to help businesses grow and people stay connected," said Mark Zuckerberg, Facebook founder and CEO. "I'm excited to see our major initiatives around creators and community, commerce, and building the next computing platform coming together to start to bring the vision of the metaverse to life." Second Quarter 2021 Financial Highlights Three Months Ended June 30, Year-over-Year %Change In millions, except percentages and per share amounts 2021 2020 Revenue: Advertising $ 28,580 $ 18,321 56% Other 497 366 36%
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TORONTO, April 22, 2022 /CNW/ - FG Acquisition Corp. (the "Company") (TSX:FGAA) is pleased to announce the appointment of Pete Huitsing to the Company's board of directors. Mr. Huitsing has over 15 years of experience in technology, cyber security, and leadership roles encompassing public, private and government sectors. Mr. Huitsing has served as a Security Partner and Staff Security Engineer at Meta Platforms, Inc. ("Meta") (NASDAQ:FB) since 2017. Mr. Huitsing served as the VP of Engineering for ZeeMee, Inc., a venture capital-backed education technology company, from 2014 to 2017,and as the Chief Technology Officer of Petra Partners, a hedge fund focusing on alternative lending platforms,
Citigroup upgraded Meta Platforms from Neutral to Buy and set a new price target of $300.00 from $258.00 previously
Rosenblatt initiated coverage of Meta Platforms with a rating of Neutral and set a new price target of $228.00
Deutsche Bank initiated coverage of Meta Platforms with a rating of Buy and set a new price target of $265.00
Piper Sandler reiterated coverage of Meta Platforms with a rating of Neutral and set a new price target of $240.00 from $301.00 previously
Morgan Stanley reiterated coverage of Meta Platforms with a rating of Overweight and set a new price target of $325.00 from $360.00 previously
Benchmark initiated coverage of Meta Platforms with a rating of Hold
The Benchmark Company initiated coverage of Meta Platforms with a rating of Hold
KGI Securities downgraded Meta Platforms from Outperform to Neutral and set a new price target of $270.00
Argus downgraded Meta Platforms from Buy to Hold
Rosenblatt reiterated coverage of Meta Platforms with a rating of Buy and set a new price target of $300.00 from $400.00 previously
In the lead-up to this week’s earnings announcements from major U.S. tech companies, the CEO of the world’s largest wealth fund has voiced concerns over the tech sector’s frothiness. This follows a 5.5% drop in the Nasdaq Composite last week. What Happened: Nicolai Tangen, CEO of Norges Bank Investment Management (NBIM), expressed his views on CNBC’s “Squawk Box Europe” on Tuesday, CNBC reported. He stated, “There is clearly a lot of froth within the technology sector. Whether it is too much or not, that is unclear — and I guess we will get the answer later in the week when we get all these results coming through.” NBIM, which oversees the Norwegian Government Pension Fund Global, i
Facebook’s creator, Mark Zuckerberg, has been seen sporting a new hairstyle, which some believe could be a mullet, during a Senate Judiciary Committee hearing. What Happened: Zuckerberg, who is known for his Caesar-like haircut, was observed with a fluffy blond growth at the back of his neck during a hearing on child exploitation on social media. This has led to speculation that the CEO of Meta Platforms might be growing a mullet, reported Business Insider. Images from the hearing displayed the hair from different angles, but it was uncertain whether it was a mullet, a bad hair day, or something else. To resolve the debate, Business Insider consulted the experts at USA Mullet Champ, an
In a bid to capitalize on the ongoing tech stock surge, Tidal Financial Group and ZEGA Financial have introduced a new ETF, providing investors with a unique opportunity to invest in the mega-cap technology sector. What Happened: Business Insider reported that the newly launched YieldMax Magnificent 7 Fund of Option Income ETFs will invest in seven established YieldMax single-stock ETFs. Announced on Tuesday, these funds use covered-call options strategies to generate capital gains and income from leading technology giants, including Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), Alphabet Inc. (NASDAQ:GOOGL), Meta Platforms Inc. (NASDAQ:FB), Tesla Inc. (NASDAQ:TSLA), Amazo
Responding to concerns about its services being used by "predators," Meta Platforms Inc. (NASDAQ:FB) has unveiled stricter messaging settings for teenagers on its social media platforms, Instagram and Facebook. What Happened: As per a post on Meta’s official blog on Thursday, the tech giant is rolling out new measures to shield teens from unwanted contact. Adults aged 19 and above are now barred from messaging teens who don’t follow them on Instagram. Additionally, the type and quantity of direct messages (DMs) that can be sent to non-followers have been restricted to a single text-only message. Meta is also disabling the feature that allows teens to receive DMs from individuals the
Advanced Micro Devices Inc. (NASDAQ:AMD) shares experienced a significant surge in 2023, driven by the increasing demand for graphics processing units (GPUs) used in artificial intelligence (AI) applications. However, the stock’s future trajectory has now been thrown into uncertainty as an analyst downgraded AMD’s rating to a rather unconventional status. What Happened: The Northland Capital Markets analyst Gus Richard downgraded AMD’s rating to a “heck if we know” status, citing the uncertainty surrounding the future of the company’s AI-oriented GPUs, CNBC reported on Monday. This downgrade comes after AMD’s stock rose by nearly 130% in 2023, with investors banking on the company’s AI-or
Market veteran Jim Rogers predicts a significant plunge in asset prices and a looming economic disaster, with plans to profit by shorting renowned stocks like Tesla Inc. (NASDAQ:TSLA) and Nvidia Corporation (NASDAQ:NVDA). What Happened: Rogers, who co-founded the Quantum Fund and Soros Fund Management with George Soros, sees bubbles in bonds, property, and stocks. He has offloaded a significant portion of his stocks and bonds in anticipation of a steep downturn, reported Business Insider. “Bonds are a bubble, property in many countries is a bubble, stocks are getting ready for a bubble,” the veteran investor and travel author said in an interview with Soar Financially. Rogers
This story was first published on the Benzinga India portal. Mark Zuckerberg-led tech behemoth Meta Platforms Inc. (NASDAQ:FB) is reportedly anxious over the implications of India's fresh Telecommunications Bill on widely-used apps such as WhatsApp and Signal. According to a report by Moneycontrol, India's recently enacted law could grant the government extensive control over telecom companies. Meta is concerned that this could extend to its messaging apps in the future. Shivnath Thukral, the head of Meta's policy in India, shared his worries in an internal email viewed by the business publication. He reportedly pointed out that while the new law doesn't directly target over-the-top (OTT)
Meta Platforms Inc. (NASDAQ:FB) has announced the implementation of end-to-end encryption for Facebook and Messenger platforms. What Happened: Meta’s new encryption feature implies that the firm will no longer be able to access user messages unless reported by a user. Loredana Crisan, Meta's vice-president for Messenger, said that the Signal protocol and Meta’s Labyrinth protocol were used in developing the encryption, reported The Guardian. See Also: Not To Be Left Behind, Meta Launches New AI Image Generator To Take On OpenAI And Microsoft Despite optional encrypted messaging since 2016, this comprehensive encryption, first announced by the company's CEO Mark Zuckerberg in 20
Threads, the social media platform from Meta Platforms Inc. (NASDAQ:FB), is preparing to make its entry into the European Union this December. This move comes after Threads’ successful launch in several markets in July. What Happened: The launch of Threads in the EU was initially delayed due to concerns about the region’s strict regulations for online services. Threads, which is capable of importing data from Instagram such as advertising and behavioral information, plans to comply with these regulations by offering EU users a consumption-only option, eliminating the need for a personal profile, reported The Wall Street Journal. The decision follows recent announcements from Adam Mo
Nvidia Corp.’s (NASDAQ:NVDA) AI-driven upswing hasn’t missed any Street watcher’s eye. The stock is up over 200% in the past year, 240%+ so far in 2023 and 65%+ over the past 6 months. The company now commands the fifth-largest market cap on the U.S. exchanges: SymbolCompanyMarket CapAAPLApple Inc.$2.899TMSFTMicrosoft Corporation$2.747TGOOGAlphabet Inc.$1.668TAMZNAmazon.com, Inc.$1.484TNVDANVIDIA Corporation$1.194TMETAMeta Platforms, Inc.$844.894BBRK.ABerkshire Hathaway Inc.$764.562BTSLATesla, Inc.$682.355BLLYEli Lilly and Company$567.41BUNHUnitedHealth Group Inc.$500.579BData source: TradingView It is true Nvidia’s stock did pick up steam through 2021, but it only witnessed a s
Houston, Texas, Sept. 20, 2022 (GLOBE NEWSWIRE) -- EDP Renewables North America (EDPR NA), a leading renewable energy developer and operator in North America, announces the start of construction on its 240-megawatt (MW) Cattlemen I Solar Park in Milam County, Texas. Cattlemen Solar Park, which was developed and constructed and will be operated by EDPR NA, will bring a wealth of economic benefits to Milam County and the greater central Texas region through millions of dollars that will be paid to local landowners, a projected $55 million in taxes that will be paid to support area schools and community services, and millions of dollars that will be spent locally during the project's constr
MENLO PARK, Calif., May 31, 2022 /PRNewswire/ -- Meta Platforms, Inc. (NASDAQ:FB) today announced that its Class A common stock will begin trading on NASDAQ under the ticker symbol 'META' prior to market open on June 9, 2022. This will replace the company's current ticker symbol 'FB', which has been used since its initial public offering in 2012. The new ticker symbol aligns with the company's rebranding from Facebook to Meta, announced on October 28, 2021. No action by the company's shareholders is required with respect to the ticker symbol change. The company's Class A commo
Solar and wind facilities advancing both companies' sustainability goals OAKVILLE, ON, May 10, 2022 /PRNewswire/ - Liberty, a part of Algonquin Power & Utilities Corp. (TSX:AQN) (NYSE:AQN) ("Algonquin"), announced today its collaboration with Meta (NASDAQ:FB) on the new 112 MW Deerfield II wind project in Michigan. This long-term power purchase agreement (PPA) for 100 percent of the energy and environmental attributes from Deerfield II, builds upon the existing renewable energy partnership the companies have at the operating Altavista solar facility in Virginia. The Deerfield II wind project is expected to contribute to Liberty's ESG goals and help Meta continue to support its operations wit
MENLO PARK, Calif., April 27, 2022 /PRNewswire/ -- Meta Platforms, Inc. (NASDAQ:FB) today reported financial results for the quarter ended March 31, 2022. "We made progress this quarter across a number of key company priorities and we remain confident in the long-term opportunities and growth that our product roadmap will unlock," said Mark Zuckerberg, Meta founder and CEO. "More people use our services today than ever before, and I'm proud of how our products are serving people around the world." First Quarter 2022 Financial Highlights Three Months Ended March 31, Year-over-Y
TORONTO, April 22, 2022 /CNW/ - FG Acquisition Corp. (the "Company") (TSX:FGAA) is pleased to announce the appointment of Pete Huitsing to the Company's board of directors. Mr. Huitsing has over 15 years of experience in technology, cyber security, and leadership roles encompassing public, private and government sectors. Mr. Huitsing has served as a Security Partner and Staff Security Engineer at Meta Platforms, Inc. ("Meta") (NASDAQ:FB) since 2017. Mr. Huitsing served as the VP of Engineering for ZeeMee, Inc., a venture capital-backed education technology company, from 2014 to 2017,and as the Chief Technology Officer of Petra Partners, a hedge fund focusing on alternative lending platforms,
Houston, Texas, April 13, 2022 (GLOBE NEWSWIRE) -- EDP Renewables SA (EDPR), through its fully owned subsidiary EDP Renewables North America LLC (EDPR NA), and Meta (NYSE:FB) have executed a long-term power purchase agreement (PPA) for 156 megawatts (MW) at the 240-MW Cattlemen Solar Park in Milam County, located in central Texas. This contract is a part of the announcement EDPR issued on April 11, 2022. EDP Renewables North America developed and will construct, own, and operate Cattlemen Solar Park, which has an estimated capital investment of approximately $280 million and is anticipated to be operational in 2023. Cattlemen will provide economic benefits by way of payments to local lan
MENLO PARK, Calif., April 4, 2022 /PRNewswire/ -- Meta Platforms, Inc. (NASDAQ:FB) announced today that the company's first quarter 2022 financial results will be released after market close on Wednesday, April 27, 2022. Meta will host a conference call to discuss its results at 2 p.m. PT / 5 p.m. ET the same day. The live webcast of the call can be accessed at the Meta Investor Relations website at investor.fb.com, along with the company's earnings press release, financial tables, and slide presentation. Following the call, a replay will be available at the same website. A t
FRANKFURT, Germany, March 22, 2022 /PRNewswire/ -- Roundhill Investments, an ETF sponsor focused on innovative thematic funds, today announced the launch of the Roundhill Ball Metaverse UCITS ETF (METV) on the Deutsche Börse Xetra. METV is the first Metaverse ETF to list in Germany. The Metaverse is broadly understood as a successor-state to today's mobile Internet, but which will involve countless interoperable and persistent virtual worlds, be richly integrated into the physical world as well, thereby creating a new medium and economy for work, leisure, and innovation. Morgan Stanley and Goldman Sachs have estimated that the Metaverse economy will be worth roughly $8 trillion. Jensen Huang
PITTSBURGH, March 8, 2022 /PRNewswire-PRWeb/ -- Companies with ESG and reputational risk protection strategies have seen their stock prices rise 5% above the market within two weeks of a reputational challenge, and that premium is almost double for companies that have publicly shared and validated those strategies. The study, by Steel City Re, an ESG and reputation insurer, also found that stock prices of firms that managed, validated and publicized ESG and reputation risk management strategies on average gained 9.3% over the subsequent seven months after a precipitating event, while firms in which such processes were in assumed by shareholders to be in place gained 4.3%. Companies that fai
MENLO PARK, Calif., March 3, 2022 /PRNewswire/ -- Meta Platforms, Inc. (NASDAQ:FB) today announced that David Wehner, chief financial officer, will participate in the Morgan Stanley Technology, Media & Telecom Conference on March 10, 2022 at 3 p.m. Pacific Time. A live webcast and replay will be available on Meta's Investor Relations website at: http://investor.fb.com. Disclosure InformationMeta uses the investor.fb.com and about.fb.com/news/ websites as well as Mark Zuckerberg's Facebook Page (facebook.com/zuck) and Instagram account (instagram.com/zuck) as means of disclosi