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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Facebook Inc    FB

FACEBOOK INC

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Index provider MSCI says it is reviewing Facebook data privacy issue

03/20/2018 | 12:11pm EST

NEW YORK (Reuters) - MSCI Inc (>> Msci Inc) on Tuesday said it is looking into the possibility that Facebook Inc (>> Facebook) user data was accessed by the consultancy Cambridge Analytica.

NEW YORK (Reuters) - MSCI Inc on Tuesday said it is looking into the possibility that Facebook Inc user data was accessed by the consultancy Cambridge Analytica.

The stock index provider currently rates Facebook as "average" in its environmental, social and corporate governance, or ESG, data, which is used as a template by funds and investors that aim to buy companies with a positive social impact. A spokeswoman said MSCI cannot yet share any impact the review could have on Facebook's ESG rating.

The social media company is not currently seen as a high performer on ESG issues relative to its industry peers, MSCI said.

An increasingly vocal base of investors who put their money where their values are have raised concerns about Facebook and are reassessing whether they should own one of the market's tech darlings. More than $20 trillion globally is allocated toward "responsible" investment strategies in 2016, a figure that grew by a quarter from just two years earlier, according to Global Sustainable Investment Alliance, an advocacy group.

Facebook shares sank about 12 percent over the two trading days this week as investors worried that potential legislation could damage the company's advertising business. Facebook Chief Executive Mark Zuckerberg is facing calls from lawmakers to explain how the political consultancy hired by Donald Trump's election campaign reportedly gained improper access to data on 50 million Facebook users.

Cambridge Analytica has strongly denied the media claims and said it deleted all Facebook data it obtained from a third-party application in 2014 after learning the information did not adhere to data protection rules.

Facebook said on Monday it had hired digital forensics firm Stroz Friedberg to carry out a comprehensive audit of Cambridge Analytica and that the company had agreed to comply and give the forensics firm complete access to its servers and systems.

(Reporting by Trevor Hunnicutt; Editing by Susan Thomas and Dan Grebler)

By Trevor Hunnicutt

Stocks treated in this article : Msci Inc, Facebook

© Reuters 2018
Stocks mentioned in the article
ChangeLast1st jan.
ACCESS CO., LTD. 0.40% 758 End-of-day quote.3.13%
BASE CO., LTD. 0.86% 5880 End-of-day quote.-4.39%
BASE,INC. 9.99% 11120 End-of-day quote.13.93%
FACEBOOK INC 2.33% 251.36 Delayed Quote.-7.98%
JUST GROUP PLC -4.50% 76.4 Delayed Quote.9.30%
MSCI, INC. 1.41% 415.3 Delayed Quote.-6.99%
ONE STOP SYSTEMS, INC. -4.04% 4.75 Delayed Quote.18.75%
WILL GROUP, INC. 0.00% 976 End-of-day quote.-2.98%
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Financials (USD)
Sales 2020 83 609 M - -
Net income 2020 27 012 M - -
Net cash 2020 61 302 M - -
P/E ratio 2020 26,8x
Yield 2020 -
Capitalization 716 B 716 B -
EV / Sales 2020 7,83x
EV / Sales 2021 6,14x
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
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 49
Average target price 319,45 $
Last Close Price 251,36 $
Spread / Highest target 49,2%
Spread / Average Target 27,1%
Spread / Lowest Target -22,4%
EPS Revisions
Managers and Directors
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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