Facebook

Facebook & Tesla Stocks Soar as Their CEOs Selfishly Exploit the Pandemic

Tesla & Facebook shares saw sizeable boosts today after both companies had positive earnings reports. Elon Musk and Mark Zuckerberg gave conflicting health advice regarding coronavirus lockdowns. Unsurprisingly, each billionaire gave the advice that would contribute to their profit margins. As the coronavirus pandemic continues its path of destruction, some companies have weathered the storm…

Did Facebook Just Leave Zoom Stock Bulls Holding an Empty Bag?

Zoom stock slid Friday after Facebook jumped into video conferencing. An announcement by Mark Zuckerberg left Zoom plunging 6%. But here’s the value Zoom offers that Facebook can’t touch. Zoom stock (NASDAQ:ZM) had a wild ride this week. The freemium video conferencing platform’s shares jumped 11% Thursday. The company announced an increase of 100 million…

Facebook Removes Anti-Quarantine Events – Shouldn’t They Also Ban Trump?

Facebook recently deleted events that promoted protests of states’ stay-at-home orders. They claimed the events went against government prohibitions. If that’s true, shouldn’t Facebook and Twitter think about banning Donald Trump? It’s no secret that President Donald Trump has clashed with certain governors regarding coronavirus response. Facebook has now taken a side. And it’s not…

Facebook Gaming Makes a Savvy Choice to Focus on Mobile Streaming

The streaming wars have been getting more heated over the past year or two. Facebook has been making attempts at developing a streaming audience of its own, with a new app being the latest development. The new app focuses on mobile gaming and a casual audience, which might make it a more successful competitor to…

Facebook Stock Has Bigger Problems Than That Ugly Earnings Report

Facebook’s share price plunged after an ugly quarterly report. A rise in the company’s operating costs spooked investors. But Facebook has bigger problems over the long term. There’s a simple reason why Facebook stock is in free-fall today. The Mark Zuckerberg-led social media giant has peaked. FB shares slid more than 6% on Thursday after…

Facebook, Google Rake in Election Ad Spending While Twitter, Spotify Say No

Presidential candidates have already spent more than $105 million on digital ads. Facebook and Google are getting most of the dough. Spotify just joined Twitter in rejecting these election ads outright. With billionaires like Tom Steyer and Michael Bloomberg splashing their cash around, the airwaves have been filled with 2020 presidential election ads. The political…

Facebook Stock Got Hammered Because the FTC Plans App Crackdown

The Federal Trade Commission is weighing an injunction against Facebook. Facebook stock fell as much as 5% on the news. Mark Zuckerberg’s PR efforts have failed to sway public opinion. On Thursday, The Wall Street Journal reported that the Federal Trade Commission (FTC) is preparing a potential injunction against Facebook. The agency claims that Facebook’s…

Uber Wants to Be Like Facebook as It Pushes Into Finance; Bad News for Drivers

Uber has entered the financial services industry with Uber Money. The new service helps drivers and couriers get their earnings after each ride. Uber Money is likely to drive loyalty of customers while making it difficult for drivers to quit. Tech titans are muscling their way into the financial services industry. Facebook has recently grabbed…

Tim Cook Lands Facebook Jab to Confirm Apple Won’t Develop a Cryptocurrency

Apple CEO Tim Cook confirmed to Les Echos on Thursday that the American smartphone giant won’t be taking steps to develop its own cryptocurrency. As the Facebook debacle continues, mainstream media has been left to speculate on who next will wade into the murky waters of decentralized payment systems. When asked how Apple would respond…

Why Facebook & Goldman Sachs Keep Poaching Each Other’s Engineers

Some say that Silicon Valley is the new Wall Street, but could there be deeper reasons why tech companies like Facebook compete with banks like Goldman Sachs for engineers? It used to be banks that attracted the brightest. Before the financial crisis of 2008, Wall Street loved to hire mathematicians, physicists, and even rocket scientists…