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FULL TITLE: Facebook shares drop sharply after unearthed emails reportedly show Mark Zuckerberg is aware of 'problematic privacy practices' (FB) ========================================================================================= Facebook shares dropped sharply midday Wednesday after The Wall Street Journal reported the technology company had uncovered emails that appear to reflect a connection between CEO Mark Zuckerberg and "potentially problematic privacy practices at the company." The emails were uncovered in response to a probe into the company by the Federal Trade Commission, the WSJ reported, citing people familiar with the matter. Facebook shares tumbled by as much as 2.9% in midday trading Wednesday as investors digested a Wall...

Facebook stocks plunged precipitously on Thursday after the company's earnings report showed they missed expectations on revenue and that the social media platform's monthly users are down significantly. All of this comes in the wake of ongoing scandals, including charges of data misuse and anti-conservative bias. "During a conference call Wednesday, Facebook Chief Financial Officer David Wehner predicted bad news for the second half, and the company’s shares immediately began a drastic retreat in the extended session," Marketwatch reported on Thursday. According to Reuters, "Facebook shares dived 18.6 percent, set for its biggest one-day percentage drop ever, after the social...

On Thursday, Facebook's stock dropped by 19 percent, wiping out $119 billion in market value. Also on Thursday, President Donald Trump echoed allegations that Twitter had "shadow banned" Republican congressmen, pushing down Twitter shares as well. Twitter insisted to PJ Media that the "shadow banning" was unintentional and has been fixed, and Facebook's stock drop seems directly connected to declines in expected revenue. That said, these tremors may be ominous portents of things to come, according to conservative groups sounding the alarm about the left-wing smear outlet behind much social media censorship: the Southern Poverty Law Center (SPLC). "Facebook's plummeting...

Facebook on Thursday posted the largest one-day loss in market value by any company in U.S. stock market history after releasing a disastrous quarterly report. The social media giant's market capitalization plummeted by $119 billion to $510 billion as its stock price plummeted by 19 percent. At Wednesday's close, Facebook's market cap had totaled nearly $630 billion, according to FactSet. No company in the history of the U.S. stock market has ever lost $100 billion in market value in just one day, but two came close. On Sept. 22, 2000, Intel shed $90.74 billion in market value as the dot-com...

SAN FRANCISCO (Reuters) - Revenue forecasts from Facebook Inc that alarmed investors, fueling the worst day ever for its shares on Thursday, add to the pressure on its Instagram unit to win over more of the ad buyers that have long found success on the company’s flagship app. Instagram and Facebook users see about the same number of ads, but Instagram ad prices are half of what Facebook charges because of the limited number of advertisers vying for spots on Instagram, four ad buyers said. Investors have been counting on revenue from Instagram to overcome stalling usage of Facebook’s core...

Zuckerberg lost another $15 billion after the market closed. Market Summary > Facebook, Inc. Common Stock Follow NASDAQ: FB 217.50 USD 0.00 (0.00%) Closed: Jul 26, 9:03 AM EDT · Disclaimer Pre-market 171.37 −46.13 (21.21%)

The tech-heavy Nasdaq Composite and S&P 500 opened lower on Thursday after a sharp decline in Facebook sent tech shares lower. Facebook shares dropped more than 20 percent in the premarket, a day after its quarterly revenue missed expectations. Global daily active users, a key metric for the social media giant, also disappointed investors. Additionally, Facebook said it expects its revenue growth rates to slow down from last year. Facebook's earnings per share, however, topped Wall Street estimates. "It's all about tech and Facebook," said Tom Essaye, founder of The Sevens Report. "Facebook earnings and guidance were a disaster and...

Here Are Three Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rose early Thursday but the Nasdaq fell sharply after Facebook Inc. (FB) tumbled. Facebook dropped 18.3% after a revenue miss and after the social media giant pointed to slower growth rates. Advanced Micro Devices Inc. (AMD) rose 6.9% after the chipmaker swung to a profit in the second quarter and beat analysts' estimates. Wall Street Overview Stocks were mixed on Thursday, July 26, as investors reacted with caution to a rough agreement between the European Union and the United States to move toward the...

Facebook missed projections on revenue and global daily active users this quarter after struggling with data leaks and fake news scandals. The company reported its second-quarter earnings after the bell on Wednesday. Shares were down as much as 20 percent. At the current after hours prices and given its market cap at the close Wednesday, Facebook is poised to lose more than $123 billion in market value. Earnings per share: $1.74 vs. $1.72 per a Thomson Reuters consensus estimate Revenue: $13.23 billion vs. $13.36 billion per a Thomson Reuters consensus estimate

Shares of Facebook cratered 6 percent Monday after the Federal Trade Commission announced it is investigating the company's data practices in the wake of the Cambridge Analytica leak of 50 million users' information. "The FTC takes very seriously recent press reports raising substantial concerns about the privacy practices of Facebook. Today, the FTC is confirming that it has an open non-public investigation into these practices," the agency said in a statement. The FTC declined to confirm last week that it was investigating Facebook, including whether it violated a consent decree the tech company signed with the agency in 2011. The...