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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…
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 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…
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’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…
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…
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 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…
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…
