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OFFON

FACEBOOK INC

(FB)
  Report
Delayed Quote. Delayed Nasdaq - 09/20 04:00:00 pm
355.7 USD   -2.47%
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Facebook : Olympics-Sharing videos on social media from Tokyo Games is not allowed -IOC

08/05/2021 | 02:02am EDT

TOKYO, Aug 5 (Reuters) - Sharing videos from the Tokyo 2020 Olympic Games on social media is not allowed, even for athletes, the International Olympic Committee (IOC) said on Thursday as it looked to protect broadcasters' rights.

Jamaican double gold medallist sprinter Elaine Thompson-Herah was blocked briefly from Instagram on Wednesday after she had posted videos of her victorious 100 and 200 metres races to her 310,000 followers, violating broadcast rights for the Games.

A Facebook spokesperson later said that while the content from Facebook-owned Instagram was removed, the suspension was wrongly applied.

"We encourage people, we encourage everybody, to share still pictures of performances, but the video obviously belongs to the rights-holding broadcasters," IOC spokesman Mark Adams said.

The IOC will receive more than $4 billion in broadcasting rights for the period, including the 2018 Pyeongchang winter Olympics and the Tokyo Games, much of which goes back into the Games and in supporting sports and athletes.

The biggest single chunk of that money comes from U.S. broadcaster NBCUniversal - which has paid $7.65 billion to extend its U.S. broadcast rights for the Olympics through 2032.

Adams said that 90% of the income from broadcasters that the IOC gets is redistributed. "That money comes to the IOC. We have to protect their rights and therefore the income which we can redistribute to athletes and sports."

Social media has increasingly become a key way for audiences to engage with the Games.

This year, athletes have posted viral TikToks from behind the scenes, including jumping on their much-discussed cardboard beds to debunk claims the beds were not strong enough to withstand vigorous activity and were therefore "anti-sex".

But there are copyright and other restrictions on the kinds of online content that can be posted from the Games. (Reporting by Karolos Grohmann; Editing by Himani Sarkar)


ę Reuters 2021
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Analyst Recommendations on FACEBOOK INC
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Financials (USD)
Sales 2021 120 B - -
Net income 2021 40 634 M - -
Net cash 2021 79 290 M - -
P/E ratio 2021 25,1x
Yield 2021 -
Capitalization 1 003 B 1 003 B -
EV / Sales 2021 7,73x
EV / Sales 2022 6,27x
Nbr of Employees 63 404
Free-Float 84,0%
Chart FACEBOOK INC
Duration : Period :
Facebook Inc Technical Analysis Chart | FB | US30303M1027 | MarketScreener
Technical analysis trends FACEBOOK INC
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 49
Last Close Price 355,70 $
Average target price 416,29 $
Spread / Average Target 17,0%
EPS Revisions
Managers and Directors
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
David M. Wehner Chief Financial Officer
Michael Todd Schroepfer Chief Technology Officer
Atish Banerjea Chief Information Officer
Sheryl Kara Sandberg Chief Operating Officer & Director
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