Facebook shares rose in premarket trading after the tech giant unveiled its part in a new digital currency Libra. Facebook’s stock climbed 2.09% in premarket trading from Monday’s close of $192.96 a share.
Social media giant Facebook breaks the shackles of regulatory bondage as FB stock price soars high following the announcement of its crypto project – Globalcoin.
Apple (AAPLE) stock has begun dropping after it was revealed that the company, as well as other tech giants, may face an antitrust probe.
On Thursday, two of Facebook’s top-level executives had put their papers down. This hasn’t gone unnoticed as the company’s stock lost 3%.
One Wall Street firm sees major upside for Facebook if its secretive cryptocurrency plan works out. Facebook’s reported stablecoin project could be a significant moneymaker for the social media giant.
Even though Facebook announced, what we could say, pretty big news of releasing their own coin – the Facebook stock price didn’t seem to bother. It still stands pretty steady at $161.45 on Nasdaq.
It seems that Snap stock has all but given up the ghost. The social network was worth $31 billion after its public debut two years ago. Now it’s less than $8 billion.
Facebook reported robust earnings and revenue that handily surpassed Wall Street expectations for the final quarter of 2018 despite heavy spending on safety and security.