Facebook (FB) jumped 5.84%, approximately $9.16 yesterday, In the pre-market, it is still gaining and has reached $166,20. JPMorgan and JMP Securities have reduced their price target of the stock to $215, which reciprocates to approximately 30% gains.
Joining hands with several health services, Facebook will be releasing an information center to deal with the COVID-19 crisis. Facebook has also extended monetary help for small businesses affected due to the virus spread. Yesterday, FB stock was in red.
Facebook has filled investors kitty handsomely ever since it conducted an IPO in 2012. A $1000 investment in 2012 could have fetched nearly 400% returns at the current price.
Microsoft Corp. (MSFT) stock as well as a few other software firms, have been doing great and even outperformed FAANG in 2018. The trajectory has continued into 2019 and MSFT just might be taking some shine away from FAANG.
In its 21 years of existence, Google (GOOGL) has been able to surge its profits consistently, many times over. The company is now one of the largest in the world and has pulled in more than 600% profits in the last decade.
The Stock Market has responded positively to Trump’s hint at a possible resolution to the trade war with China. There were modest gains which seem to be unaffected by the current impeachment proceedings against Trump.
Five of the biggest stocks in the market, FAANG, aren’t performing as well as they used to and expectations by market analysts seem to be lowering consistently. Are the glory days officially over and can FAANG really be replaced?
A database with personal data of hundreds of millions of Facebook users has been found online by a security researcher. Facebook has since taken it down, declaring that no accounts were breached.
If implemented, Facebook posts will no longer show the number of likes or reactions to a post. The user who created the post can see a list of people and their reactions, but a number won’t be displayed.
Investor’s in Uber’s stock are currently anything but happy as its value has dropped from the initial $45 it started with to $32. What are the chances UBER will rise?