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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Facebook    FB

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Delayed Quote. Delayed Nasdaq - 07/17 04:00:00 pm
201.8 USD   -1.00%
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Facebook : founder says Libra could shift monetary clout to private companies - FT

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06/21/2019 | 08:44am EDT
Libra logo in illustration picture

(Reuters) - Facebook Inc's Libra cryptocurrency would hand over much of the control of monetary policy from central banks to private companies, the company's co-founder Chris Hughes said in an opinion piece in the Financial Times on Friday.

"If global regulators don't act now, it could very soon be too late," Hughes said.

Hughes also said the corporations that would oversee the new currency would put their private interests - profits and influence - ahead of public ones.

Facebook did not immediately respond to a Reuters request for comment.

The social media giant revealed plans on Tuesday to launch a cryptocurrency called Libra and linked up with 28 partners in a Geneva-based entity called the Libra Association, which will govern the new digital coin set to launch in the first half of 2020.

Hughes, a former roommate of Facebook CEO Mark Zuckerberg, had earlier called for a break-up of the social network in an opinion piece in the New York Times in May. Facebook, then, rejected https://www.reuters.com/article/us-facebook-cofounder/facebook-rejects-co-founder-call-for-breakup-senator-urges-u-s-antitrust-probe-idUSKCN1SF1HR Hughes' call to split the company in three.

The company has been under scrutiny from regulators around the world over data sharing practices as well as hate speech and misinformation on its networks. Some U.S. lawmakers have pushed for action to break up big tech companies as well as federal privacy regulation.

(Reporting by Akanksha Rana in Bengaluru; Editing by Saumyadeb Chakrabarty)

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Financials (USD)
Sales 2019 69 410 M
EBIT 2019 24 490 M
Net income 2019 20 545 M
Finance 2019 49 674 M
Yield 2019 -
P/E ratio 2019 28,1x
P/E ratio 2020 21,8x
EV / Sales2019 7,58x
EV / Sales2020 6,07x
Capitalization 576 B
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 49
Average target price 222,67  $
Last Close Price 201,80  $
Spread / Highest target 36,3%
Spread / Average Target 10,3%
Spread / Lowest Target -40,5%
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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