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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Facebook Inc    FB

FACEBOOK INC

(FB)
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Facebook : UK Regulator Says Instagram Has Committed to Tackling Hidden Advertising

10/16/2020 | 02:47am EST

By Adria Calatayud

The U.K. Competition and Markets Authority said Friday that Instagram has committed to make a series of changes to tackle hidden advertising on its platform, following action from the regulator.

The antitrust regulator said it has been investigating hidden advertising on Instagram over concerns too many social media influencers were posting ads on its platform without labeling them as such, and that the company wasn't doing enough to address the problem.

Facebook Ireland Ltd., which operates Instagram in the U.K., has committed to prompt users to confirm if they have been incentivized in any way to promote a product or service and require them to disclose it clearly if so, the CMA said. The company will also extend to all users a tool that enables them to display a clear label at the top of a post, and use technology and algorithms to spot when users might not have disclosed clearly that their post is an ad, the regulator said.

Write to Adria Calatayud at adria.calatayud@dowjones.com

(END) Dow Jones Newswires

10-16-20 0246ET

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Financials (USD)
Sales 2020 83 587 M - -
Net income 2020 26 870 M - -
Net cash 2020 63 906 M - -
P/E ratio 2020 29,6x
Yield 2020 -
Capitalization 785 B 785 B -
EV / Sales 2020 8,63x
EV / Sales 2021 6,76x
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 50
Average target price 315,73 $
Last Close Price 275,59 $
Spread / Highest target 36,1%
Spread / Average Target 14,6%
Spread / Lowest Target -56,5%
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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