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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Facebook    FB

FACEBOOK

(FB)
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Delayed Quote. Delayed Nasdaq - 08/05 04:00:00 pm
249.12 USD   -0.28%
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01:01aTikTok to open first European data centre in Ireland
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EU's Top Court Restricts Personal-Data Transfers to US, Citing Surveillance Concerns

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07/16/2020 | 04:29am EDT

By Sam Schechner and Valentina Pop

 

Thousands of companies may have to stop storing information about European Union residents on servers in the U.S., after the bloc's top court on Thursday ruled that such transfers expose Europeans to U.S. government surveillance without what it described as "actionable rights" to challenge it.

The surprise ruling from the EU's Luxembourg-based Court of Justice, which invalidates a widely used EU-U.S. data-transfer agreement called Privacy Shield, is a victory for privacy activists who have long said that U.S. surveillance practices should make it ineligible to store European data. But the decision will create legal headaches and potentially disrupt operations for thousands of multinational companies that do business in the U.S. and Europe.

Depending on how it's applied, the ruling could force some of them --including tech giants like Facebook Inc., Alphabet Inc. and Apple Inc.--to decide between a costly shift toward data centers into Europe, or cutting off business with the region.

Blocking data transfers to the U.S. could up-end billions of dollars of trade from cross-border data activities, including cloud services, human resources, marketing and advertising, tech advocates say.

 

Write to Sam Schechner at sam.schechner@wsj.com and Valentina Pop at valentina.pop@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 0.39% 1479.09 Delayed Quote.10.43%
APPLE INC. 0.36% 440.25 Delayed Quote.49.38%
FACEBOOK -0.28% 249.12 Delayed Quote.21.37%
TWITTER 1.21% 36.79 Delayed Quote.14.79%
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Financials (USD)
Sales 2020 80 097 M - -
Net income 2020 23 006 M - -
Net cash 2020 62 036 M - -
P/E ratio 2020 31,4x
Yield 2020 -
Capitalization 710 B 710 B -
EV / Sales 2020 8,09x
EV / Sales 2021 6,39x
Nbr of Employees 52 534
Free-Float 83,8%
Chart FACEBOOK
Duration : Period :
Facebook Technical Analysis Chart | MarketScreener
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Technical analysis trends FACEBOOK
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 50
Average target price 279,09 $
Last Close Price 249,12 $
Spread / Highest target 30,5%
Spread / Average Target 12,0%
Spread / Lowest Target -51,8%
EPS Revisions
Managers
NameTitle
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
Sheryl Kara Sandberg Chief Operating Officer & Director
David M. Wehner Chief Financial Officer
Michael Todd Schroepfer Chief Technology Officer
Atish Banerjea Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
FACEBOOK21.37%709 697
TWITTER14.79%28 671
MATCH GROUP, INC.47.01%27 856
LINE CORPORATION0.56%12 218
SINA CORPORATION0.70%2 642
NEW WORK SE-2.40%1 852