|Bid||0.00 x 1000|
|Ask||0.00 x 800|
|Day's range||5.75 - 6.13|
|52-week range||5.75 - 21.22|
|Beta (3Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||4 Feb 2019 - 8 Feb 2019|
|Forward dividend & yield||N/A (N/A)|
|1y target est||8.05|
Analysts who expect Snap's revenues to grow much faster than Facebook's are underestimating the vast chasm between their competitive positions.
NEW YORK, Dec. 07, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Spectacles, even if they come with more cameras and snazzy augmented reality overlays on videos, will not change that. The feature that first made Snapchat stand out was its rapid growth and popularity with young users. Snap’s dual share classes mean investors do not get a say.
The problem, according to analyst Michael Morris, is that Snap is a messaging company at a time when investors want advertising-revenue growth.
Baidu (BIDU) and Alphabet (GOOGL) are working to create new revenue streams outside their core advertising businesses. Baidu’s pursuit of nonadvertising revenue has seen it venture into the development of self-driving vehicles, the sale of cloud services, and the purchase of stakes in companies operating in the nonadvertising industry. For example, Baidu is an anchor investor in Foxconn Industrial Internet, which went public earlier this year.
Facebook (FB) CEO Mark Zuckerberg was invited to appear for a Grand International Committee hearing on November 27 on the company’s role in election meddling and spreading misinformation. Facebook’s vice president for public policy, Richard Allan, attended the hearing in London and was reportedly questioned by lawmakers from nine countries including the UK (EWU), Canada, Brazil (EWZ), Latvia, Argentina, Ireland, Singapore, France, and Belgium, related to disinformation and fake news.
The EU market has proven to be a tricky field for Alphabet’s (GOOGL) Google recently. Since June 2017, the European Union has hit Google with ~$8.0 billion in fines over antitrust issues. At the same time, Google is changing some of its traditional practices to try to minimize its troubles in Europe.
Alphabet’s (GOOGL) Google is concerned about a proposed EU law that would require the company to pay royalties to EU publishers for displaying summaries of their news articles in Google’s news search results. Google is prepared to shut down its news service in EU countries if they adopt the proposed link tax in its present form, Google news executive Richard Gingras told The Guardian recently. For Google, there would be no direct financial loss if it shuts down its EU news service.
On November 15, Google parent Alphabet (GOOGL) reportedly announced that it is closing down its bipedal robotics team after failing to find a buyer. Notably, Google had acquired the Japanese team Schaft in 2013 to develop bipedal robots to help navigate disaster scenarios. In 2016, Schaft created a robot prototype to navigate stairs and homes. Along with Schaft, Alphabet acquired Boston Dynamics and seven other robotics firms under the robotics division, which was led by Andy Rubin, who left Google in 2014.
Facebook (FB) delivered revenue of ~$13.7 billion in the third quarter, which missed the consensus expectation of $13.78 billion by 0.3%. Facebook’s third-quarter revenue growth was sluggish compared to its second-quarter growth of 41.9% and its first-quarter revenue growth of 49%, probably due to concerns over its data leak issues. Facebook has been aggressively investing in new businesses in 2019, a move that’s expected to drive its revenue.
On November 22, Facebook (FB) stated that its platform had encountered some significant issues with ad uploads. The issue happened just ahead of Black Friday and Cyber Monday, when social networking sites such as Facebook are flooded with ads from companies for Thanksgiving, Black Friday, and Cyber Monday deals. While Facebook did fix the problem, it may have hurt the advertising companies that couldn’t reach users with their holiday deals.
Forty years ago, I reported on how a Yorkshire village with no television signal was getting cable TV. Concerns about internet security have gone from simmer to boil this year. From his base at Massachusetts Institute of Technology, Sir Tim is backing an evolution of the internet, Solid, which offers users a secure “locker” to keep data, along with websites — and apps to access Solid, which do not spy on users.
Facebook (FB) has finally rolled out a feature that can restrict the use of its app. The Your Time on Facebook tool counts the time spent on the Facebook app, helping users to effectively use the social network in a healthier way. Facebook announced the feature in August, but the company delayed its global rollout to make sure it was free of any bugs.
On November 21, Facebook (FB) reportedly admitted that Elliot Schrage, its head of communications and policy, had hired a research company called Definers Public Affairs to investigate billionaire investor George Soros over his criticism of the social network. Schrage had also asked Definers Public Affairs to find out whether Soros was involved in the Freedom from Facebook campaign.
Social media company Twitter (TWTR) rose 5.5% on November 26 to close at $32.82. Twitter is one of the few stocks to have outperformed broader markets this year. In comparison, Facebook (FB) and Snap (SNAP) have fallen 23% and 56% respectively, this year.
Veteran journalist and tech culture critic Dan Lyons says tech companies can and should do better when it comes to increasing diversity within its ranks.
Twitter’s (TWTR) expenses are back up as the company has returned to spending to diversify its business, improve its service, and drive growth. Twitter’s expenses had been declining for a year as the company focused on improving its bottom line. Efforts to suppress costs culminated in Twitter posting its first-ever quarterly GAAP profit in the fourth quarter of 2017.