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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Facebook Inc    FB

FACEBOOK INC

(FB)
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Delayed Quote. Delayed Nasdaq - 11/27 01:00:00 pm
277.81 USD   +0.81%
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Facebook : Twitter, Facebook to hand over @POTUS account to Biden on Jan. 20

11/21/2020 | 12:49pm EST

Nov 21 (Reuters) - Twitter Inc and Facebook Inc will transfer control of the @POTUS account to the Joe Biden administration on Jan. 20, the social media companies said on Saturday.

The @POTUS account on both platforms is the official account of the President of the United States. It is separate from the @realDonaldTrump Twitter account and the @DonaldTrump Facebook page that U.S. President Donald Trump mostly uses to write his posts.

"Twitter is actively preparing to support the transition of White House institutional Twitter accounts on January 20th, 2021. As we did for the presidential transition in 2017, this process is being done in close consultation with the National Archives and Records," the company confirmed to Reuters on Saturday.

The social media giants will also hand over other institutional handles - for the White House, vice president and first lady of the United States - on inauguration day.

"In 2017, we worked with both the Obama Administration and incoming Trump Administration to make sure the transition of their Facebook and Instagram accounts was seamless on January 20th, and we expect to do the same here," Facebook said in response to a query from Reuters.

Politico reported earlier that the handover of the @POTUS Twitter handle requires no sharing of information between the outgoing Trump team and incoming Biden team.

It also reported that Twitter will meet transition officials of Biden and Vice President-elect Kamala Harris in the coming months to discuss the particulars of how the new administration will use Twitter.

Biden, who has reached the two-week mark since becoming president-elect, is preparing to take office on Jan. 20, but Trump has refused to concede and is seeking to invalidate or overturn the results through lawsuits and recounts in a number of states, claiming - without proof - widespread voter fraud. (Reporting by Aakriti Bhalla in Bengaluru and Kanishka Singh; Editing by Andrea Ricci)


© Reuters 2020
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Financials (USD)
Sales 2020 83 587 M - -
Net income 2020 26 870 M - -
Net cash 2020 63 906 M - -
P/E ratio 2020 29,8x
Yield 2020 -
Capitalization 791 B 791 B -
EV / Sales 2020 8,70x
EV / Sales 2021 6,82x
Nbr of Employees 56 653
Free-Float 83,8%
Chart FACEBOOK INC
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Technical analysis trends FACEBOOK INC
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 51
Average target price 315,73 $
Last Close Price 277,81 $
Spread / Highest target 35,0%
Spread / Average Target 13,7%
Spread / Lowest Target -56,8%
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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