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META PLATFORMS, INC.

(META)
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Real-time Estimate Cboe BZX  -  10:02 2022-12-05 am EST
122.90 USD   -0.48%
09:52aTennis-Renowned American coach Bollettieri dies aged 91
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07:56aNew Zealand to Introduce Legislation to Require Alphabet, Meta to Pay for News
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Meta board approves personal security to outgoing executive Sheryl Sandberg

09/30/2022 | 04:54pm EST

Sept 30 (Reuters) - Meta Platforms Inc said on Friday its board had approved providing personal security services to former Chief Operating Officer Sheryl Sandberg, citing "continuing threats to her safety".

The company, however, did not elaborate on the threats that Sandberg, one of the most powerful women in Silicon Valley, faces. It expects to continue to pay for security services at her residences and during her personal travel from Oct. 1 till June 30 next year.

Sandberg, a close associate of Meta's Chief Executive Mark Zuckerberg, said in June she would depart the social media giant after a 14-year stint when she led the company's often-criticized ads-based business model.

Under Sandberg, the company was also buffeted by revelations in 2018 that U.K. consultancy Cambridge Analytica had improperly acquired data on millions of its U.S. users to target election advertising.

The same year, U.N. human rights investigators said the use of Facebook had played a key role in spreading hate speech that fueled violence against the Rohingya community in Myanmar.

Sandberg will no longer be an employee after Sept. 30 but will remain on its board, the Facebook-owner said in a regulatory filing.

Previously, Meta has spent heavily on the security of its top executives. Last year, the company spent $26.8 million for the personal security and private aircraft of Zuckerberg, it revealed in April. (Reporting by Niket Nishant in Bengaluru; Editing by Shailesh Kuber and Sriraj Kalluvila)


ę Reuters 2022
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Analyst Recommendations on META PLATFORMS, INC.
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Financials (USD)
Sales 2022 116 B - -
Net income 2022 24 735 M - -
Net cash 2022 35 094 M - -
P/E ratio 2022 13,6x
Yield 2022 -
Capitalization 327 B 327 B -
EV / Sales 2022 2,51x
EV / Sales 2023 2,37x
Nbr of Employees 87 314
Free-Float 84,3%
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Technical analysis trends META PLATFORMS, INC.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 57
Last Close Price 123,49 $
Average target price 151,87 $
Spread / Average Target 23,0%
EPS Revisions
Managers and Directors
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
Susan J. Li Chief Financial Officer
Atish Banerjea Chief Information Officer
Andrew Bosworth Chief Technology Officer
Javier Olivan Chief Operating & Growth Officer
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