FB stock investors no longer trust management to act ethically or deliver on the promises they are making Meta Platforms (NASDAQ: FB) stock is down because CEO Mark Zuckerberg has a credibility gap. Shares fell from an October high of nearly $380 each to just $306 early this month before bouncing back recently.
Full Answer
Why did Facebook do a stock split?
Apr 20, 2022 · What happened The share price of Meta Platforms ( FB -7.36% ) was sinking lower today, seemingly on no company-specific news. Instead, investors may be digesting several notes published by analysts...
How much did FB lose in stocks?
1 day ago · Roblox (NYSE: RBLX) also was a big loser, with RBLX stock closing down about 12.5%. Joining it in metaverse mayhem was Meta Platforms (NASDAQ: FB ), formerly known as Facebook, which closed down ...
How far will FB stock fall?
Feb 03, 2022 · Facebook stock is crashing. Here’s why Apple and TikTok are leading to decreased ad revenue and users for the social media giant. [Source Images: gremlin/Getty] By Michael Grothaus 1 minute Read...
Should you buy Facebook (FB) stock?
Sep 02, 2021 · Shares of Facebook ( FB -2.24% ) were down modestly today after the social media giant was slapped with a $267 million fine by an Irish regulatory agency. Additionally, Instagram was experiencing...
Why is Facebook stock going down?
Shares of Facebook parent Meta plunged Thursday after the company forecasted weaker-than-expected revenue growth in the next quarter. The company blamed privacy changes to Apple's iOS and macroeconomic challenges weighing on advertiser budgets.Feb 3, 2022
Is it good to buy Facebook stock now?
A lower P/E ratio is better since it means you are paying less for a dollar of earnings. So, since Facebook's P/E ratio is lower than that of the S&P 500 and the technology sector, fundamental analysis says that the stock is a relatively good value.Feb 9, 2022
Is Facebook a dying platform?
With two billion log-ins daily, Facebook is still in the race. However, for years now, the use of the Facebook app has been gradually declining. Facebook in its history of 18 years is seeing a fall in its daily users, half a million users stopped using it towards the end of the year 2021.Feb 4, 2022
Does Facebook pay a dividend?
Facebook (NASDAQ: FB) does not pay a dividend.
Another privacy-related fine was weighing on the stock today
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What happened
Shares of Facebook ( NASDAQ:FB) were down modestly today after the social media giant was slapped with a $267 million fine by an Irish regulatory agency. Additionally, Instagram was experiencing an outage this morning, though the fine seems to be the main reason for the dip.
So what
The Data Protection Commission, Ireland's privacy regulator, fined Facebook-owned messaging service WhatsApp $267 million for violating European Union privacy rules about sharing user data with other Facebook-owned properties.
Now what
Separately, Facebook also finds itself at the center of another controversy as a Congressional committee is demanding records from Facebook and other social media platforms on communications that took place on Jan. 6 and ahead of the attack on the Capitol building.
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Facebook, Inc. operates as a social networking company worldwide. The company engages in the development of social media applications for people to connect through mobile devices, personal computers, and other surfaces. It enables users to share opinions, ideas, photos, videos, and other activities online.
