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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Facebook says on track to reopen all U.S. offices by October

06/09/2021 | 02:04pm EDT

June 9 (Reuters) - Facebook Inc expects to reopen all its U.S. offices by October, with plans to offer flexible work-related options to employees, the social media platform said on Wednesday.

The company also said it was on track to reopen most of its U.S. offices at 50% capacity by early September and that it was opening up remote work as an option to all levels across the company, starting June 15.

"Facebook's office will be more flexible for those expected to return - guidance is to be in the office at least half the time," the company said.

The guidance does not have any impact on rules for contractor content moderators, a Facebook spokeswoman said. The company had faced criticism over the safety of bringing some of the moderators, who review sensitive content, back to its offices during the pandemic.

The COVID-19 pandemic has changed the way businesses and employees work, giving rise to a hybrid work model, which is part work-from-office and part remote.

As economies emerge from the depths of the pandemic, several companies, including Google and Microsoft, have given employees options to choose their work location and remote work preferences.

While some of Facebook's EMEA and APAC offices are already open, the company said it would continue to track its Latin America (LATAM) offices. (Reporting by Eva Mathews, Paresh Dave and Elizabeth Culliford; Editing by Anil D'Silva)

ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -0.20% 2715.71 Delayed Quote.55.30%
FACEBOOK INC -4.14% 357.8101 Delayed Quote.36.65%
MICROSOFT CORPORATION 0.22% 286.88 Delayed Quote.28.68%
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Financials (USD)
Sales 2021 119 B - -
Net income 2021 40 341 M - -
Net cash 2021 79 259 M - -
P/E ratio 2021 26,7x
Yield 2021 -
Capitalization 1 058 B 1 058 B -
EV / Sales 2021 8,25x
EV / Sales 2022 6,79x
Nbr of Employees 60 654
Free-Float 83,9%
Duration : Period :
Facebook Inc Technical Analysis Chart | FB | US30303M1027 | MarketScreener
Technical analysis trends FACEBOOK INC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 51
Last Close Price 373,28 $
Average target price 407,17 $
Spread / Average Target 9,08%
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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