Facebook will join Wall St in fine-and-forget club GinaChon
Facebook’s first-quarter expenses included an accrued cost of $3 billion in relation to a U.S. Federal Trade Commission inquiry into its data practices, the company said on April 24. Facebook estimated the range of the loss could be between $3 billion and $5 billion, though that could be on the lower end of projections, officials said.
The government is investigating whether Facebook inappropriately shared information on 87 million users with British political-consulting firm Cambridge Analytica, which is no longer in business. The move could have violated a 2011 consent-decree agreement with the FTC to protect user data and privacy.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Facebook shares surge as Wall Street analysts rave over earnings: 'What a start to 2019'Wall Street was enamored Thursday morning with Facebook's first-quarter earnings report, with a handful of brokerages lauding its results.
Read more »
Facebook beats profit estimates, sets aside $3 billion for privacy penaltyFacebook Inc on Wednesday blew past Wall Street profit estimates in the first qu...
Read more »
Wall Street's valuation guru: From Uber to Pinterest, all the major IPOs this year are overpricedThis year's hot IPOs have one thing in common — they are all overpriced, according to NYU Stern professor Aswath Damodaran.
Read more »
Lockheed Martin shares jump 4% as earnings beat Wall Street expectationsLockheed Martin delivered first-quarter earnings on Tuesday that were far above what Wall Street anticipated.
Read more »
Wall Street calls Tesla's autonomous plan 'half-baked,' doubts it can beat Lyft, Nvidia and GoogleTesla CEO Elon Musk touted robotaxis by 2020 on Tesla Autonomy Investor Day, and Wall Street's reaction? Not impressed.
Read more »
Asian shares fall despite strong Wall Street; dollar near 22-month highEquity markets in Asia faltered on Wednesday, amid losses in South Korea and wor...
Read more »
Boeing faces Wall Street in likely ‘lost year’ of financial fallout from 737 crisis
Read more »
Wall Street opens higher as technology shares gainU.S. stocks opened higher on Tuesday, led by gains in technology stocks and upbe...
Read more »
Stocks end the day little changed as Wall Street braces for a corporate earnings delugeWe celebrated CNBC's 30th anniversary by ringing the closing bell at NYSE today. Stocks closed flat, with the S&P 500 holding above the critical 2,900 level.
Read more »
House asks court to block Trump's border wall before it starts next monthThe House filed a motion asking a federal court to block the construction of President Trump's signature border wall through funds identified in his emergency declaration before it starts next month
Read more »