Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Facebook Inc    FB


Real-time Estimate Quote. Real-time Estimate BATS EXCHANGE - 11/30 10:17:02 pm
276.7550 USD   -0.38%
04:01pCanada plans digital tax in 2022 on global tech giants
03:57pBiden urged to reject Big Tech's influence by 32 advocacy groups
02:11pFACEBOOK : to buy customer service startup Kustomer
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Microsoft denies U.S. suggestion its diversity plan illegally discriminates by race

10/06/2020 | 08:56pm EST
Silhouettes of mobile users are seen next to a screen projection of Microsoft logo in this picture illustration

Microsoft Corp on Tuesday denied a recent suggestion by the U.S. Department of Labor that its plan to bolster diversity, including by investing $150 million (£116.5 million) and doubling the number of Black employees in high-ranking positions, amounted to illegal race discrimination.

The denial came in a blog post responding to a letter Microsoft received last week from the Labor Department's Office of Federal Contract Compliance Programs concerning an initiative announced by Chief Executive Satya Nadella on June 23.

General Counsel Dev Stahlkopf said the letter suggested that the initiative "appears to imply that employment action may be taken on the basis of race," and asked Microsoft to prove its efforts to improve opportunities were not illegal race-based decisions.

"Emphatically, they are not," Stahlkopf wrote.

"We are clear that the law prohibits us from discriminating on the basis of race," she added. "We hire and promote the most qualified person. And nothing we announced in June changes that."

A spokesman for the Labor Department said it "appreciates" Microsoft's assurance it was not using racial preferences or quotas, and "looks forward to working with Microsoft to complete its inquiry."

Microsoft announced its initiative four weeks after the death of George Floyd at the hands of Minneapolis police sparked nationwide protests over racial inequality, and prompted more companies to confront inequality in their own ranks.

Facebook Inc and Alphabet Inc's Google are among companies to pledge greater commitments to diversity.

According to Microsoft's 2019 diversity report, just 4.4% of U.S. workers at the company and affiliates such as LinkedIn were Black, while less than 3% of U.S. executives, directors and managers at the Redmond, Washington-based parent were Black.

Nadella pledged to double the number of Black employees in the United States in senior and leadership roles by 2025.

He also said Microsoft would conduct more transactions through Black-owned banks, and make investments to support minority-owned banks and Black-owned small businesses.

(Reporting by Jonathan Stempel in New York; Editing by David Gregorio and Christopher Cushing)

By Jonathan Stempel

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -1.83% 1754.4 Delayed Quote.33.42%
FACEBOOK INC -0.30% 276.97 Delayed Quote.35.35%
MICROSOFT CORPORATION -0.54% 214.07 Delayed Quote.36.48%
All news about FACEBOOK INC
04:01pCanada plans digital tax in 2022 on global tech giants
03:57pBiden urged to reject Big Tech's influence by 32 advocacy groups
02:11pFACEBOOK : to buy customer service startup Kustomer
01:09pFACEBOOK : to Acquire Kustomer in Deal That Values Startup at $1 Billion -- 2nd ..
12:09pFACEBOOK : Kustomer to Join Facebook
11:48aFACEBOOK : to buy customer service startup Kustomer
11:22aFACEBOOK : Nears Purchase of Startup in Deal That Values It at $1 Billion--Updat..
11:05aFACEBOOK : Celebrate GivingTuesday by Lending a Hand However You Can
10:45aFACEBOOK : Nears Purchase of Startup in Deal That Values It at $1 Billion
10:24aFacebook, Google to Face New Antitrust Suits in U.S. -- Update
More news
Financials (USD)
Sales 2020 83 587 M - -
Net income 2020 26 870 M - -
Net cash 2020 63 906 M - -
P/E ratio 2020 29,8x
Yield 2020 -
Capitalization 791 B 791 B -
EV / Sales 2020 8,70x
EV / Sales 2021 6,82x
Nbr of Employees 56 653
Free-Float 83,8%
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
Average target price 315,73 $
Last Close Price 277,81 $
Spread / Highest target 35,0%
Spread / Average Target 13,7%
Spread / Lowest Target -56,8%
EPS Revisions
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
Sector and Competitors
1st jan.Capitalization (M$)
FACEBOOK INC35.35%791 284
MATCH GROUP, INC.70.05%37 139
TWITTER45.37%36 962
NEW WORK SE-12.67%1 714