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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Facebook Inc    FB

FACEBOOK INC

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U.S. FTC's antitrust case against Facebook gets new judge

01/12/2021 | 05:19pm EST
FILE PHOTO: A 3D-printed Facebook logo is seen placed on a keyboard in this illustration

WASHINGTON (Reuters) - The U.S. Federal Trade Commission's antitrust lawsuit against Facebook was transferred to another judge on Tuesday so the same person will hear that case and a similar one filed by state attorneys general, according to a court filing on Tuesday.

Both the FTC and a large group of state attorneys general, led by New York, filed lawsuits against Facebook in December before the U.S. District Court for the District of Columbia alleging violations of antitrust law. The company was accused of using its dominance to crush smaller rivals.

The state attorneys general requested last month that the cases be consolidated. Facebook objected to the consolidation, saying it was "premature and unnecessary" but did not object to the same judge hearing both cases.

Judge Chris Cooper, who had been assigned the FTC's case, said in a minute order on Tuesday that he was asking for it to be re-assigned to Judge James Boasberg, who is hearing the similar case filed by state attorneys general.

Boasberg was nominated to the court by President Barack Obama, and is also presiding judge on the United States Foreign Intelligence Surveillance Court, which considers surveillance requests from U.S. law enforcement.

(Reporting by Diane Bartz; Editing by Dan Grebler and David Gregorio)


© Reuters 2021
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Financials (USD)
Sales 2020 83 785 M - -
Net income 2020 27 084 M - -
Net cash 2020 60 362 M - -
P/E ratio 2020 29,2x
Yield 2020 -
Capitalization 782 B 782 B -
EV / Sales 2020 8,61x
EV / Sales 2021 6,76x
Nbr of Employees 56 653
Free-Float 83,8%
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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 321,73 $
Last Close Price 274,50 $
Spread / Highest target 36,6%
Spread / Average Target 17,2%
Spread / Lowest Target -29,0%
EPS Revisions
Managers and Directors
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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