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Facebook Inc (FB.OQ)

FB.OQ on NASDAQ Stock Exchange Global Select Market

187.19USD
13 Sep 2019
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Latest Key Developments (Source: Significant Developments)

Facebook To Be Quizzed By Global Regulators On Its Planned Libra Coin Project - FT
Sunday, 15 Sep 2019 

Sept 15 (Reuters) - :FACEBOOK WILL BE QUIZZED BY GLOBAL REGULATORS ON ITS PLANNED LIBRA COIN PROJECT - FT.REPRESENTATIVES OF LIBRA TO MEET OFFICIALS FROM 26 CENTRAL BANKS, INCLUDING THE FEDERAL RESERVE AND THE BANK OF ENGLAND, IN BASEL ON MONDAY - FT.  Full Article

France Says Will Block Development Of Facebook Libra Cryptocurrency In Europe - AFP
Thursday, 12 Sep 2019 

Sept 12 (Reuters) - :FRANCE SAYS WILL BLOCK DEVELOPMENT OF FACEBOOK LIBRA CRYPTOCURRENCY IN EUROPE - AFP.  Full Article

Facebook Says Cambridge Analytica Was "A Clear Lapse For Us"
Friday, 23 Aug 2019 

Aug 23 (Reuters) - Facebook Inc ::FACEBOOK - AGREEING WITH DISTRICT OF COLUMBIA AG TO JOINTLY MAKE PUBLIC A SEPT 2015 DOCUMENT IN WHICH CO'S EMPLOYEES DISCUSS PUBLIC DATA SCRAPING.FACEBOOK - THERE IS NO SUBSTANTIVELY NEW INFORMATION IN DOCUMENT AND THE ISSUES HAVE BEEN PREVIOUSLY REPORTED.FACEBOOK INC - BELIEVE DOCUMENT HAS THE POTENTIAL TO CONFUSE TWO DIFFERENT EVENTS SURROUNDING KNOWLEDGE OF CAMBRIDGE ANALYTICA.FACEBOOK - FACEBOOK WAS NOT AWARE THAT KOGAN SOLD DATA TO CAMBRIDGE ANALYTICA UNTIL DECEMBER 2015.FACEBOOK SAYS CAMBRIDGE ANALYTICA WAS "A CLEAR LAPSE FOR US".  Full Article

CalSTRS Says Will Make A Motion To Be Added As Plaintiff To Pending Derivative Case Against Facebook's Leadership
Wednesday, 21 Aug 2019 

Aug 20 (Reuters) - CalSTRS::CALIFORNIA STATE TEACHERS’ RETIREMENT SYSTEM SAYS WILL MAKE A MOTION TO BE ADDED AS PLAINTIFF TO PENDING DERIVATIVE CASE AGAINST FACEBOOK’S LEADERSHIP.CALSTRS SAYS BY JOINING LITIGATION, IT SEEKS ADDITIONAL REFORMS OF FACEBOOK’S BOARD & SHARE STRUCTURE.  Full Article

Facebook's Libra Currency Gets European Union Antitrust Scrutiny - Bloomberg Law
Tuesday, 20 Aug 2019 

Aug 20 (Reuters) - :FACEBOOK'S LIBRA CURRENCY GETS EUROPEAN UNION ANTITRUST SCRUTINY - BLOOMBERG LAW.  Full Article

Facebook Offers News Outlets Millions of Dollars a Year to License Content- WSJ
Friday, 9 Aug 2019 

Aug 8 (Reuters) - :FACEBOOK OFFERING NEWS OUTLETS MILLIONS OF DOLLARS FOR RIGHTS TO PUT THEIR CONTENT IN NEWS SECTION THAT COMPANY HOPES TO LAUNCH LATER IN 2019- WSJ.OUTLETS PITCHED BY FACEBOOK ON ITS NEWS TAB INCLUDE ABC NEWS, DOW JONES, WASHINGTON POST AND BLOOMBERG- WSJ, CITING SOURCES.FACEBOOK HAS TOLD NEWS EXECUTIVES CO WOULD BE WILLING TO PAY AS MUCH AS $3 MILLION/YEAR TO LICENSE ENTIRE STORIES, HEADLINES, PREVIEWS OF ARTICLES- WSJ.  Full Article

UK's ICO Joins Signatories In Raising Libra Data Protection Concerns
Monday, 5 Aug 2019 

Aug 5 (Reuters) - UK'S ICO::CALLS FOR MORE OPENNESS ABOUT FACEBOOK'S PROPOSED LIBRA DIGITAL CURRENCY AND INFRASTRUCTURE.A STATEMENT TO FACEBOOK AND 28 OTHER COS BEHIND LIBRA PROJECT ASKS THEM TO PROVIDE DETAILS OF HOW CUSTOMERS’ PERSONAL DATA WILL BE PROCESSED.JOINS INTERNATIONAL SIGNATORIES IN RAISING LIBRA DATA PROTECTION CONCERNS.  Full Article

Facebook Says Excluding Legal Expense Related FTC Settlement & Income Tax Expense, Qtrly Diluted EPS Would Have Been $1.08 Higher
Thursday, 25 Jul 2019 

July 24 (Reuters) - Facebook Inc ::FACEBOOK REPORTS SECOND QUARTER 2019 RESULTS.FACEBOOK INC - QTRLY RESULTS INCLUDES AN ADDITIONAL $2.0 BILLION LEGAL EXPENSE RELATED TO U.S. FEDERAL TRADE COMMISSION (FTC) SETTLEMENT.FACEBOOK INC - MOBILE ADVERTISING REVENUE REPRESENTED APPROXIMATELY 94% OF ADVERTISING REVENUE FOR Q2 OF 2019.FACEBOOK INC - HEADCOUNT WAS 39,651 AS OF JUNE 30, 2019, AN INCREASE OF 31% YEAR-OVER-YEAR..FACEBOOK - QTRLY RESULTS INCLUDES A $1.1 BILLION INCOME TAX EXPENSE DUE TO DEVELOPMENTS IN ALTERA CORP. V. COMMISSIONER.FACEBOOK - QTRLY OPERATING MARGIN 27% VERSUS 44%.FACEBOOK INC - "WE ARE INVESTING IN BUILDING STRONGER PRIVACY PROTECTIONS".FACEBOOK INC - EXCLUDING LEGAL EXPENSE RELATED FTC SETTLEMENT & INCOME TAX EXPENSE, QTRLY DILUTED EPS WOULD HAVE BEEN $1.08 HIGHER.FACEBOOK INC - IN ADDITION, IN JULY 2019, DEPARTMENT OF JUSTICE ANNOUNCED THAT IT WILL BEGIN AN ANTITRUST REVIEW OF MARKET-LEADING ONLINE PLATFORMS..  Full Article

Facebook Says Ending Microsoft, Sony's Access to Friend Data
Wednesday, 24 Jul 2019 

July 24 (Reuters) - Facebook Inc ::FACEBOOK INC COMMENTS ON AGREEMENT WITH THE US FEDERAL TRADE COMMISSION.SAYS WILL BE OPERATING UNDER A "COMPREHENSIVE NEW FRAMEWORK" FOR PROTECTING PEOPLE’S PRIVACY & INFORMATION THEY GIVE CO.SAYS ANNOUNCING ACTION IMPACTING PARTNERS WITH ACCESS TO DATA TO BUILD FACEBOOK EXPERIENCES/FEATURES FOR DEVICES THAT SHOULD HAVE BEEN WOUND DOWN.SAYS OF DOZEN PARTNERS IDENTIFIED AS CONTINUING TO ACCESS DATA, ONLY MICROSOFT AND SONY CONTINUED TO ACCESS LIMITED TYPES OF FRIENDS DATA.SAYS "PROACTIVELY" UNDERTAKEN REVIEW IN RESPONSE TO THE INVESTIGATION BY THE FTC.SAYS ENDING MICROSOFT AND SONY'S ACCESS TO FRIEND DATA IMMEDIATELY; "THIS WAS OUR MISTAKE, AND WE ARE CORRECTING IT".SAYS WE WILL CONTINUE TO TAKE FURTHER STEPS TO SECURE & INCREASE THE INTEGRITY OF THE PLATFORM OVERALL.  Full Article

Facebook says Will Have Qtrly Certifications To Verify That Privacy Controls Are Working
Wednesday, 24 Jul 2019 

July 24 (Reuters) - Facebook Inc ::FACEBOOK COMMENTS ON FTC AGREEMENT.FACEBOOK - PRIVACY PROGRAM CO IS BUILDING WILL BE A STEP CHANGE IN TERMS OF HOW CO HANDLES DATA.FACEBOOK SAYS "GOING FORWARD, OUR APPROACH TO PRIVACY CONTROLS WILL PARALLEL OUR APPROACH TO FINANCIAL CONTROLS".FACEBOOK - WILL ADOPT NEW APPROACHES TO MORE THOROUGHLY DOCUMENT DECISIONS WE MAKE AND MONITOR THEIR IMPACT.FACEBOOK SAYS "WE WILL BE UNDERTAKING A REVIEW OF OUR SYSTEMS".FACEBOOK SAYS "WE WILL ALSO HAVE A NEW LEVEL OF BOARD OVERSIGHT".FACEBOOK- THIS MONTH, DISCOVERED SHORTCOMINGS IN SYSTEMS THAT ALLOWED SOME PARTNERS TO CONTINUE ACCESSING DATA TO PROVIDE FACEBOOK FEATURES ON PRODUCTS.FACEBOOK - A COMMITTEE OF CO’S BOARD WILL MEET QTRLY TO ENSURE CO "IS LIVING UP" TO COMMITMENTS; COMMITTEE WILL BE INFORMED BY INDEPENDENT PRIVACY ASSESSOR.FACEBOOK, ON DISCOVERY OF SHORTCOMINGS, SAYS FOUND NO ABUSE.FACEBOOK - WE’LL REQUIRE DEVELOPERS TO BE ACCOUNTABLE FOR THE WAYS THEY USE DATA AND COMPLY WITH OUR POLICIES.FACEBOOK - WE WILL HAVE QUARTERLY CERTIFICATIONS TO VERIFY THAT PRIVACY CONTROLS ARE WORKING.FACEBOOK - FTC AND JUSTICE DEPARTMENT WILL HAVE "CLEAR LINES OF SIGHT" AT ANY GIVEN POINT INTO HOW EFFECTIVELY CO IS MEETING RESPONSIBILITIES.  Full Article

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France, Germany blast Facebook's Libra, back public cryptocurrency

HELSINKI France and Germany said on Friday that Facebook Inc's Libra currency posed risks to the financial sector that could block its authorisation in Europe, and backed the development of an alternative public cryptocurrency.