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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Facebook    FB

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Facebook : CEO to Testify at House Panel About Libra

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10/09/2019 | 12:38pm EDT

By Bowdeya Tweh

Facebook Inc. Chief Executive Mark Zuckerberg is slated to return to Capitol Hill later this month to testify before a House panel about the company's foray into cryptocurrency, just weeks after facing a chilly reception from lawmakers about his vision for internet regulation.

The House Financial Services Committee said Wednesday that Mr. Zuckerberg will be the sole witness at an Oct. 23 hearing that examines Facebook's impact on the financial services and housing sectors.

The committee's chairwoman, Rep. Maxine Waters (D, Calif.), and other Democrats have called on Facebook to abandon plans to implement the digital coin, known as Libra, and the digital wallet, Calibra.

Facebook executive David Marcus faced wide criticism in July during a Senate Banking Committee hearing about Libra and the potential privacy concerns the operation of the cryptocurrency could raise.

"Mark looks forward to testifying before the House Financial Services Committee and responding to lawmakers' questions," a Facebook spokesman said Wednesday in a statement.

Write to Bowdeya Tweh at Bowdeya.Tweh@wsj.com

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Financials (USD)
Sales 2019 70 249 M
EBIT 2019 23 882 M
Net income 2019 17 668 M
Finance 2019 51 373 M
Yield 2019 -
P/E ratio 2019 29,9x
P/E ratio 2020 19,4x
EV / Sales2019 6,71x
EV / Sales2020 5,31x
Capitalization 523 B
Chart FACEBOOK
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Technical analysis trends FACEBOOK
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 51
Average target price 231,41  $
Last Close Price 183,28  $
Spread / Highest target 44,6%
Spread / Average Target 26,3%
Spread / Lowest Target -34,5%
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
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