Facebook, Inc. stock price

Facebook, Inc. latest news:


  • 09/22/2017 17:08:54

    Facebook's Mark Zuckerberg drops controversial stock plan

    The Facebook chief executive says he still plans to sell up to $12bn (£9bn) of stock to fund philanthropy.

  • 09/22/2017 14:31:42

    Facebook drops Class C plan: shareholder attorney

    WILMINGTON, Del. (Reuters) - Facebook Inc has dropped its plan to issue Class C stock, according to an attorney who sued the company on behalf of a Facebook shareholder because the plan would have allegedly extended founder Mark Zuckerberg's control over the company.

  • 09/22/2017 14:14:53

    Facebook drops stock split, Zuckerberg credits stock's rise

    Facebook Inc. will not execute a stock split that creates a non-voting class of shares after facing an investor lawsuit, Chief Executive Mark Zuckerberg announced Friday afternoon. Zuckerberg wanted the stock split to ensure he remained in control of Facebook even while donating a massive amount of his stock to an LLC he and his wife Priscilla created to support philanthropic causes. In his announcement on Facebook, Zuckerberg said the increase in Facebook's stock price allows him to avoid creating a non-voting class of stock. "Over the past year and a half, Facebook's business has performed well and the value of our stock has grown to the point that I can fully fund our philanthropy and retain voting control of Facebook for 20 years or more," Zuckerberg wrote. "As a result, I've asked our board to withdraw the proposal to reclassify our stock -- and the board has agreed." Facebook stock has increased 48.2% in 2017, pushing its market capitalization to near $500 billion, while the S&P 500 index has gained 11.7% in that time. Zuckerberg was set to testify next week in a Delaware court where investors were fighting the split, but that session was suddenly canceled Friday, amid rumors of a settlement between Facebook and investors.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/22/2017 13:51:31

    Facebook trial over Class C stock canceled: Delaware court

    WILMINGTON, Del. (Reuters) - Facebook Inc's trial over a shareholder lawsuit opposing the company's stock reclassification has been canceled, according to a clerk in Delaware's Court of Chancery.

  • 09/21/2017 22:55:54

    PRESS DIGEST- New York Times business news - Sept 22

    The following are the top stories on the New York Times business pages. - Facebook Inc (FB) said it would turn over 3,000 ads linked to Russia to Congress after growing scrutiny about its role in last November's presidential election. http://nyti.ms/2hmgql7.

  • 09/21/2017 18:36:44

    UPDATE 3-Facebook to overhaul political ads after threat of U.S. regulation

    SAN FRANCISCO, Sept 21 (Reuters) - Facebook Inc on Thursday launched an overhaul of how it handles paid political advertisements, giving a concession to U.S. lawmakers who have threatened to regulate the world's largest social network over secretive ads that run during election campaigns.

  • 09/21/2017 16:14:27

    Facebook To Turn Over 3,000 Ads To Congress In Russian Election Interference Probe

    The ads ran during the 2016 presidential campaign. Facebook also will give users who see one attack ad the ability to find out who the company is tageting in others.

  • 09/21/2017 14:50:31

    WATCH: Nine things Facebook vows to do to help combat election interference

    Facebook founder and CEO Mark Zuckerberg condemned Russian interference in the 2016 presidential election and promised to do more to stop it in the future.

  • 09/21/2017 14:41:20

    Facebook CEO Mark Zuckerberg outlines plan to crack down on election interference

    Facebook Inc. Chief Executive Mark Zuckerberg said Thursday that the company is taking additional steps to protect election integrity on the its platform. Facebook stock edged down less than 1% after hours to $171.05. "So today I want to share the steps we're taking to protect election integrity and make sure that Facebook is a force for good in democracy," he said in a Facebook Live video. "While the amount of problematic content we've found so far remains relatively small, any attempted interference is a serious issue." Among other measures, Zuckerberg promised to add 250 people across the company that are focused on security and safety, which would include doubling the current team working on election security. The Facebook executive also said the company plans to make political advertising "more transparent" by forcing advertisers to disclose which page paid for ads and also will let its users see any ads a page is running across all audiences on its platform. Facebook plans to work more closely with election commissions around the world and share more information with other tech and security firms. "... We are in a new world. It is a new challenge for internet communities to deal with nation states attempting to subvert elections. But if that's what we must do, we are committed to rising to the occasion." This year Facebook shares have risen 35.7%, as the S&P 500 index increasing 9.9%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/21/2017 13:38:16

    Facebook says it will release Russian-linked ads to Congress

    Facebook Inc. said it will release ads to Congress that appeared to have come from Russia and were aimed at influencing the U.S. election. Facebook had already announced it was handing them over to Special Counsel Robert Mueller but had resisted providing them to Congress. But Facebook still won't release them to the public. "We believe the public deserves a full accounting of what happened in the 2016 election, and we've concluded that sharing the ads we've discovered, in a manner that is consistent with our obligations to protect user information, can help," Facebook General Counsel Colin Stretch said in a statement. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/20/2017 16:43:31

    Facebook signs huge office-space lease in San Francisco: report

    Facebook Inc. has signed a huge office lease in San Francisco with room for 2,000 to 3,000 employees, the San Francisco Business Times reported Wednesday. The social media giant, which is headquartered 35 miles south in Menlo Park, will occupy 50 floors -- 436,000 square feet -- of a skyscraper that is still under construction. The 70-story tower at 181 Fremont is scheduled to open by the end of the year, and is close neighbors with the Salesforce Tower, now the city's tallest building. Facebook's office-space deal is reportedly the largest in San Francisco in the past three years. Facebook is the latest tech giant to make a significant footprint in San Francisco. Just this year, Salesforce.com Inc. , Amazon.com Inc. and Alphabet Inc.'s Google have signed office-space deals in the city.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/20/2017 15:28:33

    Facebook adding more human review to ad systems, says COO Sandberg

    Facebook Inc. Chief Operating Officer Sheryl Sandberg said Wednesday that the company plans to tighten its enforcement process and human review for ads on its platform. Facebook announced the changes in the wake of a ProPublica report that the Menlo Park-based company had enabled advertisers to reach "Jew haters." The company said additional human review for new ad targeting options aims to keep the offensive terms from appearing. In addition, Sandberg said Facebook will create a program that will enable the company's users to report ad abuses so the company can take action. "We have long had a firm policy against hate on Facebook," Sandberg wrote. "Our community deserves to have us enforce this policy with deep caution and care." Facebook stock edged down less than 1% after hours, and closed down 0.2% to $172.17 in the regular session. The company's stock has surged 49.7% this year, with the S&P 500 index rising 12%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/20/2017 14:30:00

    Facebook to add more human review to ad system: COO Sandberg

    Facebook Inc will add "more human review and oversight" to its ad-buying system, Chief Operating Officer Sheryl Sandberg said on Wednesday, responding to rising criticism that automated processes have allowed people to buy discriminatory ads.

  • 09/20/2017 13:00:00

    U.S. Democrats seek disclosure after Russia-backed political ads

    Sept 20 (Reuters) - Democratic U.S. lawmakers on Wednesday urged the Federal Election Commission to require transparency for social media advertising after Russians bought U.S. political ads on Facebook Inc in an alleged attempt to influence the 2016 elections.

  • 09/13/2017 16:38:04

    Martin Shkreli jailed over Facebook posts threatening Hillary Clinton

    Martin Shkreli was jailed late Wednesday after a federal judge revoked his bail after the notorious "pharma bro" offered a bounty last week for locks of Hillary Clinton's hair. Judge Kiyo Matsumoto's ruling came after prosecutors argued Shkreli was a danger to the public, citing repeated online threats and harassing comments. On Tuesday, Shkreli apologized for the since-deleted Facebook posts in which he offered $5,000 for strands of Clinton's hair. While he claimed it was a joke, the Secret Service took it seriously and opened an inquiry into the matter. In August, Shkreli was convicted of defrauding hedge-fund investors, and faces up to 20 years in prison. His sentencing is scheduled for January.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/13/2017 09:07:23

    UPDATE 2-Facebook to clamp down on who can cash in on ads

    * Facebook to add another 3,000 staff to spot hate speech (Adds details, quotes from Sandberg)

  • 09/12/2017 21:22:47

    WhatsApp co-founder Brian Acton leaving Facebook

    WhatsApp co-founder Brian Acton announced his departure from the company Tuesday, three years after Facebook Inc. bought the messaging app for $22 billion. "After 8 years at WhatsApp, I have decided to move on and start a new chapter in my life," he said in a Facebook post. Acton said he intends to start a foundation "focused at the intersection of nonprofit, technology and communications." Acton ran WhatsApp's engineering team. His fellow co-founder, CEO Jan Koum, will remain at the company. Last week, Facebook said it would eventually start charging companies for some of WhatsApp's features as it seeks a path to monetization. In July, Facebook said WhatsApp had reached 1 billion daily active users, but that it will take a few years to start making money from the app. Facebook shares are up 17% in the past three months, and up 50% year to date, compared to compared to the S&P 500's gains of 3% and 12%, respectively.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/12/2017 16:21:16

    UPDATE 1-Facebook says some Russian ads during U.S. election promoted live events

    WASHINGTON/SAN FRANCISCO, Sept 12 (Reuters) - Some of the ads bought by Russians on Facebook last year promoted events during the U.S. presidential campaign, Facebook Inc said on Tuesday, indicating that alleged meddling ahead of the 2016 election went beyond social media.

  • 09/12/2017 15:02:33

    Facebook says some Russian ads during U.S. election promoted live events

    WASHINGTON/SAN FRANCISCO, Sept 12 (Reuters) - Some of the ads bought by Russians on Facebook last year promoted events during the U.S. presidential campaign, Facebook Inc said on Tuesday, indicating that alleged meddling ahead of the 2016 election went beyond social media.

  • 09/08/2017 14:22:37

    S&P 500 slips as Hurricane Irma nears Florida; tech falls

    NEW YORK (Reuters) - The S&P 500 ended slightly lower on Friday as investors braced for potential damage from Hurricane Irma as it moved toward Florida, while a decline in big tech names like Apple and Facebook pushed the Nasdaq down more sharply.

  • 09/08/2017 12:04:23

    Two-thirds of American adults get news from social media -survey

    About two-thirds of American adults are getting "at least some of their news on social media" with two-in-ten doing so often, according to a Pew Research Center survey this week. About 67 percent of American adults somewhat rely on social media platforms such as Facebook Inc (FB), Twitter Inc (TWTR) and Snapchat for news, the survey showed, compared with 62 percent in 2016.

  • 09/08/2017 10:21:21

    Facebook Acknowledges Russian Ads In 2016 Election. Will Investigations Follow?

    Facebook says $100,000 worth of ads appeared to come from Russia and seemed to be linked. Sometimes they named the candidates, but mostly targeted divisive social and political issues.

  • 09/07/2017 18:22:45

    Fake Facebook 'like' networks exploited code flaw to create millions of bogus 'likes'

    Dozens of 'collusion networks' run by hackers harnessed the power of one million Facebook accounts, researchers say        

  • 09/07/2017 14:26:36

    Google says it has no evidence of Russian ads about U.S. election

    Search engine Google said on Thursday it had seen no evidence on its advertising platforms of the kind of suspected Russian propaganda campaign that Facebook Inc (FB) says appeared on its network before and after last year's U.S. presidential election.

  • 09/06/2017 19:32:57

    Fake Russian Facebook Accounts Bought $100,000 in Political Ads

    Facebook said that fake accounts and pages had bought 3,000 ads focused on divisive social issues, including race and immigration.

  • 09/06/2017 19:26:54

    UPDATE 4-Facebook says likely Russian-based operation funded U.S. ads with political message

    SAN FRANCISCO, Sept 6 (Reuters) - Facebook Inc said on Wednesday it had found that an operation likely based in Russia spent $100,000 on thousands of U.S. ads promoting divisive social and political messages in a two-year-period through May.

  • 09/06/2017 19:12:30

    Facebook gives election ad data to U.S. special counsel -source

    SAN FRANCISCO, Sept 6 (Reuters) - Facebook Inc has turned over information about U.S. election ads it believes were bought by Russians to Robert Mueller, the special counsel in charge of investigating alleged Russian interference in last year's election, a source familiar with the matter said on Wednesday.

  • 09/06/2017 18:48:22

    UPDATE 3-Facebook says likely Russian-based operation funded U.S. ads with political message

    SAN FRANCISCO, Sept 6 (Reuters) - Facebook Inc said on Wednesday it had found that an operation likely based in Russia spent $100,000 on thousands of U.S. ads promoting divisive social and political messages in a two-year-period through May.

  • 09/06/2017 14:55:50

    Facebook links thousands of political ads to Russian troll farm

    Facebook Inc. said Wednesday that it traced ad sales totaling $100,000 from Russian accounts, some of which are likely linked to a troll farm in St. Petersburg called the Internet Research Agency. The roughly 3,000 ads from 470 accounts ran between June of 2015 and May of 2017 and focused on political issues such as gun rights, immigration, LGBTQ issues and racial discrimination. According to the Washington Post, some of the ads specifically name checked Republican Donald Trump and Democrat Hillary Clinton. The company's blog also said it conducted a broad search for ads that found an additional $50,000 tied to 2,200 ads that "might have originated in Russia" and had "very weak signals of a connection ... not associated with any organized effort." During and after the 2016, election Facebook was subject to criticism that it spread false information, though chief executive Mark Zuckerberg has said that only a "very small amount" is fake or hoaxes. During the regular session Wednesday, the company's shares edged up nearly 1% to $172.09, nearly touching its record closing high of $172.45 set July 28. The stock has gained 49.6% this year, with the S&P 500 index gaining 10.1%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/06/2017 14:35:38

    UPDATE 1-Facebook says likely Russian-based operation spent money on ads on issues

    SAN FRANCISCO, Sept 6 (Reuters) - Facebook Inc said on Wednesday it had found that an influence operation likely based in Russia spent $100,000 on ads promoting divisive social and political messages in a two-year-period through May.

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