Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Facebook    FB

FACEBOOK

(FB)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Facebook : U.S. Treasury's Mnuchin says Phase 2 trade deal may not remove all tariffs - WSJ

share with twitter share with LinkedIn share with facebook
share via e-mail
01/21/2020 | 05:58am EST
Steve Mnuchin Answers Questions from the Press

The Phase 2 trade deal with China would not necessarily be a "big bang" that removes all existing tariffs, U.S. Treasury Secretary Steven Mnuchin told the Wall Street Journal in an interview.

"We may do 2A and some of the tariffs come off. We can do this sequentially along the way," he added.

Mnuchin also warned that Italy and Britain will face U.S. tariffs if they proceed with a tax on digital companies like Alphabet Inc Google and Facebook Inc, the newspaper said https://www.wsj.com/articles/mnuchin-warns-u-k-italy-over-digital-tax-plans-11579598943?mod=searchresults&page=1&pos=1.

Mnuchin's warning to Italy and Britain comes after France backed out and pledged with the United States to avoid a trade war until at least the end of this year.

British Prime Minister Boris Johnson in December had pledged to make major multinational companies pay their fair share of tax, including the implementation of a Digital Services Tax.

Italy approved a similar tax in the 2019 budget but it has not activated it yet.

Mnuchin said that he hoped Britain and Italy would suspend their plans to impose the taxes, according to the report.

"If not they'll find themselves faced with President Trump's tariffs. We'll be having similar conversations with them."

Mnuchin also said the Trump administration would propose additional tax cuts for the middle class in the United States.

"We are in the process of designing it and will be rolling it out shortly."

The details on proposed tax cuts come as Trump seeks to strengthen his 2020 re-election campaign.

(Reporting by Shubham Kalia in Bengaluru; Editing by Jacqueline Wong)

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -0.52% 1516.99 Delayed Quote.13.85%
FACEBOOK -1.34% 214.58 Delayed Quote.4.55%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on FACEBOOK
03:38aOutbreak will not change China's commitments to buy U.S. goods - senior U.S. ..
RE
02/20ALPHABET : New Mexico AG sues Google for collecting school kids' personal data
RE
02/19Google plans to move UK users' accounts outside EU jurisdiction
RE
02/19Irish regulator readies draft decisions in first big tech privacy probes
RE
02/19EXCLUSIVE : Google users in UK to lose EU data protection - sources
RE
02/19Should Facebook, Google be liable for user posts? asks U.S. Attorney General ..
RE
02/19EXCLUSIVE : Coronavirus poses risk to modest pickup in global growth - G20 draft..
RE
02/19EXCLUSIVE : Coronavirus poses risk to modest pickup in global growth - G20 draft..
RE
02/19Germany's Scholz expects G20 progress on tax rules for tech giants
RE
02/19ALPHABET : Big Tech to Face More Restrictions in Europe on Data, AI -- 2nd Updat..
DJ
More news
Financials (USD)
Sales 2020 85 662 M
EBIT 2020 31 475 M
Net income 2020 25 987 M
Finance 2020 68 372 M
Yield 2020 -
P/E ratio 2020 23,7x
P/E ratio 2021 19,8x
EV / Sales2020 6,34x
EV / Sales2021 5,12x
Capitalization 612 B
Chart FACEBOOK
Duration : Period :
Facebook Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FACEBOOK
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 52
Average target price 244,76  $
Last Close Price 214,58  $
Spread / Highest target 39,8%
Spread / Average Target 14,1%
Spread / Lowest Target -44,1%
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$)
FACEBOOK4.55%611 650
TWITTER21.84%30 493
MATCH GROUP, INC.-8.48%21 245
LINE CORPORATION0.00%11 492
SINA CORPORATION-5.01%2 638
NEW WORK SE-7.19%1 644