Facebook earnings include admission of two antitrust probes and billions in fines, but stock barely hurt

An antitrust probe of Big Tech, a record Federal Trade Commission settlement, another settlement with the Securities and Exchange Commission, confirmation that it is being investigated by the FTC and Department of Justice — none of it seems to faze Facebook Inc. investors.

A record $5 billion settlement with the FTC, announced early Wednesday, left a mark. Facebook recorded a $2 billion charge in the second quarter, after absorbing a $3 billion hit during its previous quarter. Excluding those charges, Facebook would have earned $1.99 a share. The revenue and ARPU spikes highlight what Wedbush Securities analyst Michael Pachter expects to be revenue and profits growth for “many years,” largely through expansion overseas and increased monetization of Facebook properties Instagram, WhatsApp and Messenger. In a research note to clients Monday, Pachter maintained an outperform rating and $220 price target on Facebook shares.

“Their ad machine is going to continue to grow until there are privacy regulations,” Beth Kindig, a technology analyst in San Francisco, told MarketWatch in an email message. “It’s still an all-or-nothing stock. Great financial and balance sheet in the middle of high-risk regulatory issues.”

The big FU to America. Where criminals gain even when they’re guilty af.... only 5B slap on wrist 1 qtrs earnings and keep it trucking. No jail no nothing... a complete and utter joke!

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Facebook shares jump after earnings beatFacebook shares rose in after-hours trading after the social media company reported quarterly results that exceeded analyst expectations. Zuckerweisel is going to get harassed going forward. He’s been caught lying so much he’s got no credibility left. Where does that money go? Now that’s a plot twist
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Asia stocks welcome trade talks, euro on defensiveAsian shares on Wednesday gave a guarded welcome to hints of progress in the Sin... Negative interest loans.. Getting 20K to tuck 980.000 under your mattress for a year without it being stolen.
출처: Reuters - 🏆 2. / 97 더 많은 것을 읽으십시오 »

Trade talks keep stocks afloat, weak PMIs sink euroGlobal shares crept higher on Wednesday as prospects of fresh China-U.S. trade t... Don't tell me they're 90% done?! This bubble can last only so long. My guess it popsjust before the election next year.
출처: Reuters - 🏆 2. / 97 더 많은 것을 읽으십시오 »

Asia stocks stay judgment on trade talks, euro pressuredAsian shares crept higher on Wednesday as the prospect of fresh Sino-U.S. trade ...
출처: Reuters - 🏆 2. / 97 더 많은 것을 읽으십시오 »