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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Facebook    FB

FACEBOOK

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Facebook : stocks drop following email leak

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06/12/2019 | 03:31pm EDT

Facebook INC uncovers emails showing CEO Mark Zuckerberg may have been involved in controversial privacy practices.

Facebook INC's shares fell Wednesday following the uncovering of emails purportedly revealing Chief Executive Officer Mark Zuckerberg's involvement in controversial privacy practices, the Wall Street Journal reported. The emails were discovered as the social media giant attempts to respond to a federal privacy investigation. Sources within the company fear that the emails could damage the Facebook brand if they became public. The Federal Trade Commission (FTC) had requested that Facebook turn over emails related to the Cambridge Analytica scandal. The FTC is investigating whether the scandal was a violation of a 2012 consent decree agreement between the commission and Facebook INC. The company denied that Zuckerberg had committed any wrongdoing. "We have fully cooperated with the FTC"s investigation to date and provided tens of thousands of documents, emails and files. We are continuing to work with them and hope to bring this matter to an appropriate resolution. Facebook and its executives, including Mark, at all times strive to comply with all applicable law, and at no point did Mark or any other Facebook employee knowingly violate the company&acutes obligations under the FTC consent order," a Facebook spokesman stated in an email. Facebook INC shares dropped 2.5% to $173.64 following the report.

(c) 2019 Arutz Sheva, All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2019 69 413 M
EBIT 2019 24 269 M
Net income 2019 20 658 M
Finance 2019 49 780 M
Yield 2019 -
P/E ratio 2019 27,03
P/E ratio 2020 20,75
EV / Sales 2019 7,20x
EV / Sales 2020 5,77x
Capitalization 550 B
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Technical analysis trends FACEBOOK
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TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 46
Average target price 221 $
Spread / Average Target 15%
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$)
FACEBOOK46.92%468 564
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SINA CORP-21.27%2 833
XING SE55.58%2 153