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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Facebook Inc    FB

FACEBOOK INC

(FB)
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Facebook : U.S. may file antitrust charges against Facebook as soon as November - newspaper

10/23/2020 | 08:19pm EST
A 3D-printed Facebook logo is seen placed on a keyboard in this illustration

(Reuters) - Facebook Inc may face U.S. anti-trust charges as soon as November, the Washington Post reported on Friday, citing four people familiar with the matter.

The Federal Trade Commission met privately on Thursday to discuss a probe while state attorneys general under the leadership of New York's Letitia James have been scrutinizing the company for potential threats to competition, the newspaper reported.

The timeline could still change, the newspaper said, adding that state attorneys general are in the late stages of preparing their complaint.

Facebook, the FTC and the office of the New York Attorney General were not immediately available for comment late on Friday.

Facebook said in August that Chief Executive Mark Zuckerberg was interviewed at an FTC investigative hearing as part of the government's antitrust probe into the company.

Facebook faced similar probes by the Justice Department and by state attorneys general, and has said previously the investigations were looking at prior acquisitions and business practices involving "social networking or social media services, digital advertising, and/or mobile or online applications."

In July 2019, Facebook agreed to pay a record-breaking $5 billion fine to resolve a separate FTC probe into the company's privacy practices.

(Reporting by Kanishka Singh; editing by Grant McCool and Cynthia Osterman)


© Reuters 2020
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Financials (USD)
Sales 2020 83 463 M - -
Net income 2020 26 870 M - -
Net cash 2020 63 906 M - -
P/E ratio 2020 30,5x
Yield 2020 -
Capitalization 803 B 803 B -
EV / Sales 2020 8,85x
EV / Sales 2021 6,93x
Nbr of Employees 56 653
Free-Float 83,8%
Chart FACEBOOK INC
Duration : Period :
Facebook Inc Technical Analysis Chart | FB | US30303M1027 | MarketScreener
Technical analysis trends FACEBOOK INC
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 51
Average target price 316,19 $
Last Close Price 281,85 $
Spread / Highest target 33,0%
Spread / Average Target 12,2%
Spread / Lowest Target -57,4%
EPS Revisions
Managers
NameTitle
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
Sheryl Kara Sandberg Chief Operating Officer & Director
David M. Wehner Chief Financial Officer
Michael Todd Schroepfer Chief Technology Officer
Atish Banerjea Chief Information Officer
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