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 Inc    FB

FACEBOOK INC

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

Italy approves new stimulus package to help virus-hit economy

share with twitter share with LinkedIn share with facebook
10/18/2020 | 02:19pm EDT
FILE PHOTO: Empty tables are seen outside a restaurant in Rome as the country tightens regulations in an effort to control rising COVID-19 infections

MILAN (Reuters) - Italy has approved a new stimulus package in its 2021 budget to foster an economic rebound from the recession caused by the coronavirus crisis, a government statement said on Sunday after a late-night cabinet meeting.

Expansionary measures in 2021 will total more than 39 billion euros ($45.70 billion), including some 15 billion euros of grants from the European Union's Recovery Fund, Economy Minister Roberto Gualtieri wrote on Facebook.

The ruling coalition, led by the anti-establishment 5-Star Movement and centre-left PD party, agreed a preliminary version of the budget, a government source said, leaving final details to be hammered out.

Among several measures, the government has set up a 4 billion euro fund to compensate companies worst hit by coronavirus lockdowns and extended until January a moratorium on repayments for loans to small and medium-sized businesses.

The budget also extends temporary lay-off schemes for companies with workers on furlough at a cost of 5 billion euros. Almost 6 billion euros are aimed at offering tax breaks to support employment in the poor south of the country, Gualtieri said.

Italian Prime Minister Giuseppe Conte is expected on Sunday to announce new measures to curb the steady spike in COVID-19 cases over recent weeks.

One of the European countries worst hit by the pandemic, Italy has forecast a 9% economic contraction for 2020 and a budget deficit equating to 10.8% of gross domestic product.

The budget is expected to keep Italy's deficit next year to 7% of economic output, up from a 5.7% forecast in April, reflecting the additional spending.

Italy has forecast economic growth of 6% in 2021.

($1 = 0.8534 euros)

(Reporting by Elvira Pollina; Editing by David Goodman, Kirsten Donovan)


share with twitter share with LinkedIn share with facebook
All news about FACEBOOK INC
10/27FACEBOOK : U.S. agency needs new powers to protect local news industry, senator ..
RE
10/27Lawmakers Want to Protect Local Newspapers From Google, Facebook -- 2nd Updat..
DJ
10/27FACEBOOK : U.S. agency needs new powers to protect local news industry - senator
RE
10/27Justice Department Cites Treatment of Hunter Biden Articles in Call to Change..
DJ
10/27WALL STREET STOCK EXCHANGE : S&P 500, Dow slip on worries about earnings, U.S. s..
RE
10/27Brazilian retailer Havan, owned by Bolsonaro backer, pulls IPO
RE
10/27FACEBOOK : Warns of Foreign Operators Exaggerating Their Election-Interference A..
DJ
10/27Tech chief executives to defend key law in front of U.S. Senate panel on Wedn..
RE
10/27FACEBOOK : Removing Coordinated Inauthentic Behavior
PU
10/27FACEBOOK : says suspected Iranian hackers behind U.S. election threats operated ..
RE
More news
Financials (USD)
Sales 2020 80 392 M - -
Net income 2020 23 361 M - -
Net cash 2020 62 539 M - -
P/E ratio 2020 35,1x
Yield 2020 -
Capitalization 807 B 807 B -
EV / Sales 2020 9,26x
EV / Sales 2021 7,25x
Nbr of Employees 52 534
Free-Float 83,8%
Chart FACEBOOK INC
Duration : Period :
Facebook Inc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FACEBOOK INC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 49
Average target price 298,05 $
Last Close Price 283,29 $
Spread / Highest target 20,0%
Spread / Average Target 5,21%
Spread / Lowest Target -57,6%
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$)
FACEBOOK INC38.02%807 041
TWITTER52.89%38 649
MATCH GROUP, INC.53.18%31 010
LINE CORPORATION0.19%12 409
SINA CORPORATION6.91%2 557
NEW WORK SE-19.52%1 591