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!
Sverige Senaste nytt, Sverige Rubriker
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