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The Latest Breaking News from FB

Facebook Parent Meta Employees Seek Greener Pastures Post Stock Meltdown

Several Meta Platforms Inc (NASDAQ: FB) employees burdened with underwater stock options looked to exit the social media giant following its plunging stock prices,

Benzinga · Mar 21, 2022

Why Facebook, Pinterest And Roblox Shares Are Rising Today

Shares of several gaming, streaming and social media companies, including Meta Platforms Inc (NASDAQ: FB), Pinterest Inc (NYSE: PINS) and Roblox Corp (NYSE:

Benzinga · Mar 16, 2022

Facebook Joins TikTok: What Does The Move Mean For Meta's Growth?

Facebook, the social media platform owned by Meta Platforms (NASDAQ: FB), has signed up for a TikTok account.

Benzinga · Mar 16, 2022

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Irish Data Watchdog, South African Competition Commission Penalize Facebook Parent Meta

Privacy watchdog Irish Data Protection Commission penalized Meta Platforms Inc (NASDAQ:FB) €17 million ($19 million) for failing to prevent a series of data breaches on its Facebook platform in 2018, Bloomberg reports. The breach affected up to 50 million accounts. "This fine is about record-keeping practices from 2018 that we have since updated,…

Benzinga · Mar 15, 2022

Meta To Hire 2K Employees Over The Next 5 Years In Spain

Facebook owner Meta Platform Inc (NASDAQ:FB) is looking to hire 2,000 people over the next five years in Spain, Reuters reports. The 2,000 employees will mainly staff the company's first 'lab,' a flexible base for its remote workers, in Madrid. Facebook will establish a Metaverse Innovation Hub with local telecoms firm Telefonica SA (NYSE:TEF). Spain…

Benzinga · Mar 15, 2022

Why Snap, Facebook, Roblox, Netflix And Roku Shares Are Falling

Shares of several companies in the streaming, gaming, social media sector, including Snap Inc (NYSE: SNAP), Meta Platforms Inc (NASDAQ: FB), Roblox Corp (NYSE:

Benzinga · Mar 11, 2022

EU, UK Launches Antitrust Investigations On Google, Meta

EU and U.K. antitrust regulators launched parallel investigations into Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) unit Google and Facebook parent Meta Platforms Inc (NASDAQ:FB) over a 2018 ad deal, CNBC reports. The European Commission and the U.K.’s Competition and Markets Authority investigated whether the pact between the two tech giants dubbed “Jedi Blue” squeezed competitors out of…

Benzinga · Mar 11, 2022

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This Is What Whales Are Betting On Meta Platforms

A whale with a lot of money to spend has taken a noticeably bearish stance on Meta Platforms. Looking at options history for Meta Platforms (NASDAQ:FB) we detected 45 strange trades.

Benzinga · Mar 10, 2022

Meta Axes Google Veteran Heading Insta For Kids; Project Remains Halted

Meta Platforms Inc's (NASDAQ:FB) VP of youth Pavni Diwanji departed as part of a restructuring, the Wall Street Journal reports. Diwanji supervised Instagram's development of a controversial product for children. Diwanji previously served as a VP at Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, where she led YouTube kids and other family-oriented projects. Adam Mosseri, head…

Benzinga · Mar 10, 2022

Why Facebook (Meta Platforms), Twitter And Snap Shares Are Rising Today

Shares of social media companies, including Meta Platforms Inc (NASDAQ: FB), Twitter Inc (NYSE: TWTR) and Snap Inc (NYSE: SNA

Benzinga · Mar 9, 2022

Lawsuit Accuses Facebook Parent Meta Of Misguiding Investors Regarding Apple's Privacy Policy

A proposed class-action lawsuit alleged Meta Platforms Inc (NASDAQ:FB) misguided investors into believing that the impacts of privacy tweaks to Apple Inc's (NASDAQ:AAPL) iOS software for iPhones "were manageable," Bloomberg reports. The lawsuit corroborated that Meta made the statement before disclosing its expectation to lose $10 billion in ad revenue in 2022 due to the changes. The…

Benzinga · Mar 9, 2022

Piper Sandler Slashes Facebook Parent Meta's Price Target By 20%; Reiterates Overweight

Piper Sandler cut its price target on the Meta Platforms Inc (NASDAQ: FB), noting that its advertising headwinds are likely to continue for several months. Analyst Thomas Champion lowered his price target to $240 from $301, implying a 28% upside.

Benzinga · Mar 8, 2022

Meta, SoftBank Backed Indian Startup Targets IPO; Exploring Indian and US Exchanges

Facebook parent Meta Platforms Inc (NASDAQ:FB) and SoftBank Group Corp's (OTC:SFTBY) (OTC:SFTBF) Vision Fund 2 backed Indian startup, Meesho, looks to go public in early 2023, Reuters reports. The Bengaluru-based social commerce platform is rooting for a listing by the end of 2022. Meesho is evaluating both Indian and U.S. exchanges. Resellers on the company's…

Benzinga · Mar 4, 2022

Mark Zuckerberg Wants New and Better Networks For Metaverse Ambitions

Facebook parent Meta Platforms Inc (NASDAQ: FB) will not realize its "metaverse" ambitions without drastic improvements in current telecoms networks,

Benzinga · Mar 2, 2022

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Benzinga · Mar 2, 2022

Facebook Apps Can Make People Lonelier, Internal Research Says

Meta Platforms Inc (NASDAQ: FB), which aimed to help people connect online, has discovered through internal research that its products can just as quickly have an isolating effect,

Benzinga · Mar 2, 2022

Here's Why Morgan Stanley Slashed Facebook Parent Meta's Price Target by 10%

Morgan Stanley analyst Brian Nowak lowered the price target on Facebook parent Meta Platforms Inc (NASDAQ:FB) to $325 from $360 and reiterated Overweight. The price target implies an upside of 59.7%. Nowak noted lower near-term monetization of Reels. Benchmark analyst Mark Zgutowicz harbored similar feelings and therefore initiated coverage on the stock with a Hold and without any…

Benzinga · Mar 2, 2022

Facebook, Apple, Google Ban Their Products and Services In Russia

Meta Platforms Inc (NASDAQ: FB) globally demoted content from Russian state-controlled media outlets' Facebook pages, Instagram accounts, and posts containing links to those outlets on Facebook,

StockNews.com · Mar 1, 2022

2 Social Media Stocks Wall Street Predicts Will Rally More Than 45%

The social media industry has successfully cornered a robust consumer base over a relatively short span. And because social media platforms continue to attract millions of users from around the globe, Wall Street analysts expect popular stocks Meta Platforms (FB) and Pinterest (PINS) to rally more than 45% in price…

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Benzinga · Mar 1, 2022

Here's Why Benchmark Feels That Meta's Advertising Problem Is 'Getting Worse, Not Better'

Meta Platforms Inc (NASDAQ: FB) has an advertising problem "getting worse, not better" as Benchmark initiated coverage on the Mark Zuckerberg-led company.

Benzinga · Feb 28, 2022

Meta Platforms Whale Trades Spotted

Someone with a lot of money to spend has taken a bearish stance on Meta Platforms (NASDAQ:FB). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

StockNews.com · Feb 28, 2022

Is Meta Platforms a Buy Under $215?

Social technology company Meta Platforms (FB) has been rapidly accelerating its AI efforts to pave the way for its metaverse. However, increased regulatory scrutiny from various lawmaking bodies could dent the company’s growth potential. So, is it worth betting on the stock now that it is trading at less than…

Benzinga · Feb 25, 2022

Here's Why Russia Looks To Partially Limit Facebook Access

Russia's communications regulator Roskomnadzor, the Russian federal executive agency responsible for monitoring, controlling, and censoring Russian mass media, looks to partially restrict access to Meta Platforms Inc (NASDAQ:FB) Facebook, Reuters reports. The restriction was in response to regulations the U.S. social media giant has imposed on Russian media, accusing Facebook of "censorship." Related…

Benzinga · Feb 25, 2022

Facebook Follows Twitter, Shares Security Tips For Ukraine's Users

Facebook parent Meta Platforms Inc (NASDAQ: FB) has set up

StockNews.com · Feb 24, 2022

2 Tech Stocks to Buy on Weakness

It’s been a turbulent start to the year for Tech, with the Nasdaq 100 Index (QQQ) sliding more than 18% from its highs and the Nasdaq Composite down more than 20% from its highs. While some might attribute the correction to geopolitical instability, I believe the correction was long overdue…

Benzinga · Feb 24, 2022

Here's Why This Analyst Downgraded Facebook Parent Meta

Erste Group analyst Hans Engel downgraded Facebook parent Meta Platforms (NASDAQ:FB) to Hold from Buy. Facebook invested 21.7% of revenue in research and development in the last quarter, and the intended reorientation toward virtual products and services offers new earnings potential in the future. Related Content: Read How Facebook's Metaverse Ambitions Are Shaping Up In Mark…

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