Stocks making the biggest moves premarket: Facebook, Oracle, Tesla, Volkswagen & more

div > div.group > p:first-child"> Facebook — Facebook announced the departure of Chief Product Officer Chris Cox and WhatsApp division head Chris Daniels. Cox said a shift in Facebook's focus would benefit from new leadership, although he did not explicitly mention CEO Mark Zuckerberg's move to emphasize private messaging.

Adobe Systems — Adobe beat estimates by 9 cents a share, with adjusted quarterly earnings of $1.71 per share. The software provider's revenue also topped the Street, however Adobe issued lower-than-expected current-quarter guidance. Netflix — BMO Capital moved Netflix to"top pick," replacing Amazon, based on increased regulatory risk for Amazon and virtually none for Netflix.

Jabil — Jabil came in 3 cents a share above estimates, with adjusted quarterly profit of 64 cents per share. The electronics manufacturer's revenue was essentially in line with expectations. Apple — Apple responded to Spotify Technology's European Union complaint that it unfairly limits rivals to its own streaming music service, Apple Music. Apple said it had approved nearly 200 updates to Spotify's app, and only requested changes when Spotify tried to sidestep platform rules.

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