Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Facebook    FB

FACEBOOK

(FB)
  Report  
Delayed Quote. Delayed Nasdaq - 07/23 04:00:00 pm
202.36 USD   +0.02%
03:02aAPPLE : Is 'Big Tech' too big? A look at growing antitrust scrutiny
AQ
02:49aFACEBOOK : Zuckerberg Is Required To Certify Compliance
DJ
02:48aFACEBOOK : Reaches SEC Privacy Pact
DJ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Facebook : Brazil court slashes fine for Facebook's refusal to share WhatsApp data

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/25/2019 | 07:12pm EDT
FILE PHOTO: WhatsApp and Facebook messenger icons are seen on an iPhone in Manchester , Britain.

SAO PAULO (Reuters) - Facebook Inc's fine for withholding WhatsApp messages from a drug-trafficking investigation in Brazil should be reduced to 23 million reais (£4.7 million), a Brazilian federal appeals court ruled on Tuesday.

The decision overturned a fine of around 2.035 billion reais ($528 million) imposed in June 2017, deemed disproportionate by the court.

In a statement to Reuters, a WhatsApp spokesperson welcomed the appeals court decision. "We care deeply about the privacy of our users and are grateful the Parana court affirmed the importance and legality of end-to-end encryption within Brazil. This significant decision will help safeguard the rights of people in Brazil to have safe and private conversations online."

The world's largest social network has struggled with legal troubles in Brazil in recent years.

In 2016, a senior Facebook executive was kept in a Brazilian jail for nearly 24 hours in what the company considered "an extreme and disproportionate measure" resulting from a dispute over a court's demand to provide data from its WhatsApp service.

The messaging app also became the frontline in Brazil's bitter presidential race last year, after newspaper Folha de S.Paulo reported that supporters of far-right candidate and eventual victor Jair Bolsonaro had funded mass messaging attacks against leftist rival Fernando Haddad.

A few days before the election, Facebook removed dozens of pages and accounts associated with a Brazilian marketing group, for violating the social media network's misrepresentation and spam policies.

WhatsApp has more than 120 million users in Brazil, a country of nearly 210 million people, rivalling the reach of Facebook's main platform in one of the company's biggest global markets.

The messaging service has become one of the main ways Brazilians keep in touch with friends, colleagues and family, and also an important channel for getting political information.

(Reporting by Gabriela Mello; Editing by Lisa Shumaker and Rosalba O'Brien)

By Gabriela Mello

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on FACEBOOK
04:34aFACEBOOK : to create privacy panel, pay $5 billion to US to settle allegations
AQ
03:02aAPPLE : Is 'Big Tech' too big? A look at growing antitrust scrutiny
AQ
02:49aFACEBOOK : Zuckerberg Is Required To Certify Compliance
DJ
02:48aFACEBOOK : Reaches SEC Privacy Pact
DJ
12:37aFACEBOOK : expected to settle SEC claims of inadequate disclosures over privacy
AQ
07/23FACEBOOK : to create privacy panel, pay $5 billion to U.S. to settle allegations
RE
07/23FACEBOOK : Expected to Settle SEC Claims of Inadequate Disclosures Over Privacy ..
DJ
07/23Big Tech faces broad U.S. Justice Department antitrust probe
RE
07/23FACEBOOK : Settlement Requires Mark Zuckerberg to Certify Privacy Protections --..
DJ
07/23FACEBOOK : Settlement Requires Mark Zuckerberg to Certify Privacy Protections --..
DJ
More news
Financials (USD)
Sales 2019 69 409 M
EBIT 2019 24 517 M
Net income 2019 20 513 M
Finance 2019 49 251 M
Yield 2019 -
P/E ratio 2019 28,3x
P/E ratio 2020 21,8x
EV / Sales2019 7,61x
EV / Sales2020 6,11x
Capitalization 578 B
Chart FACEBOOK
Duration : Period :
Facebook Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FACEBOOK
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 48
Average target price 221,31  $
Last Close Price 202,36  $
Spread / Highest target 23,5%
Spread / Average Target 9,36%
Spread / Lowest Target -40,7%
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$)
FACEBOOK54.37%577 634
TWITTER31.87%29 059
MATCH GROUP INC78.49%21 461
LINE CORP-16.19%6 864
SINA CORP-24.29%2 825
XING SE44.00%2 144