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News Breaks
December 18, 2012
14:16 EDTFBFacebook looking to unveil video ads, Ad Age reports
Facebook (FB) plans to launch a new video ad product in the first of 2013, according to Ad Age, which cited several industry executives who have been briefed on the company's plans. By April the giant social network intends to enable companies to target large number of users with video ads, the publication reported. Reference Link
News For FB From The Last 14 Days
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February 12, 2016
06:32 EDTFBFacebook ramps up anti-terrorism efforts, WSJ says
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06:21 EDTFBGoogle developing all-in-one VR headset, WSJ reports
Alphabet's Google (GOOG) is developing an all-in-one virtual-reality headset that doesn't require the use of smartphones, computers, or game consoles to work, the Wall Street Journal reports, citing people familiar with the matter. The company also intends to launch a more advanced edition of its $20 cardboard VR viewer later this year, the report says, citing people familiar with the matter. The new plastic viewer will come fitted with computer chips and sensors, the report says. The new devices reflect Google's increasing interest in VR and will put the company in competition with Facebook (FB), whose Oculus unit intends to begin shipping a $599 headset next month, the report says. HTC and Sony (SNE) are also planning headsets for this year that rely on PCs and game consoles, while Samsung (SSNLF) started selling a $100 VR viewer in November that uses the company's phones, the report says. Reference Link
05:02 EDTFBStocks with implied volatility below IV index mean; FB JNPR
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February 11, 2016
15:21 EDTFBCLSA technology analyst holds an analyst/industry conference call
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13:20 EDTFBMonster Worldwide plunges after Q4 sales fall short of estimates
Shares of Monster Worldwide (MWW) plunged after the company reported sales for the fourth quarter that fell below analysts' consensus estimates. The company also provided guidance for the first quarter that was lower than analysts expected. WHAT'S NEW: Before the market open, Monster Worldwide reported Q4 adjusted earnings per share of 12c, in line with analysts' consensus estimates, on revenue of $159.2M, which fell short of analysts' $166.94M consensus. Monster had previously forecast Q4 EPS of 10c-14c, excluding the impact of the JobKorea transaction. Revenue from the Careers-North America division was down 8% year over year in Q4 to $112.1M, the company said. Looking ahead, Monster's Q1 outlook was also below analysts' estimates. Monster said it expects adjusted EPS of 6c-10c, below the consensus of 13c, and cash EBITDA of $85M-$100M for FY16. CEO COMMENTARY: Commenting on the results, Monster Worldwide chief executive officer Tim Yates said that the company underperformed in North America in its transactional business due to "competitive pressures and seasonality." Yates added that the company has "implemented a number of actions" in order to improve its performance moving forward. WHAT'S NOTABLE: Separately, Monster Worldwide said that its Monster Social Job Ads, the company's programmatic social recruitment advertising platform, was extending its reach beyond Twitter (TWTR) to distribute job ads on Facebook (FB). STREET RESEARCH: After the earnings report, FBR Capital analysts Marvin Fong and William Bird downgraded Monster Worldwide to Market Perform from Outperform and lowered their price target on the shares to $3.50 from $8, citing employment market volatility, structural headwinds and the "still-small and nascent stage" of new growth initiatives. The analysts said that the company's outlook for Q1 and FY16 is materially below the Street, particularly the FY16 EBITDA guidance, which is 30% below estimates at the midpoint. Fong and Bird added that a choppy job market and execution risk are reasons to be more cautious on the stock. In addition, the analysts said that bookings have become a less reliable indicator of future sales growth and that pricing pressure and increased competition at the 1-to-49 employee category seems to be intensifying. PRICE ACTION: In afternoon trading, Monster Worldwide dropped 33.8% to $2.82. Shares are down over 48.5% over the last 12 months.
12:52 EDTFBStocks with call strike movement; FB C
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09:36 EDTFBActive equity options trading on open
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07:36 EDTFBMonster announces expansion of Monster Social Job Ads to Facebook
Monster (MWW) announced that Monster Social Job Ads is now able to identify and serve recruitment advertising to both passive and active qualified job candidates across Facebook (FB), in addition to Twitter (TWTR). This integration of programmatic job advertising on Facebook uses exclusive professional information. Monster Social Job Ads provides immediate and automated distribution of job advertising to skilled candidates across the full Twitter and Facebook audiences, using unprecedented targeting technology, aggregating career-specific data from more than 100 social sources and Monster's expansive resume database.
05:54 EDTFBStoryful's Aine Kerr to manage journalism partnerships at Facebook
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05:08 EDTFBStocks with implied volatility below IV index mean; FB UA
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February 10, 2016
16:00 EDTFBOptions Update; February 10, 2016
iPath S&P 500 VIX Short-Term Futures up 18c to 28.06. Option volume leaders: AAPL FB BAC TWTR DIS NFLX TSLA MSFT CSCO ETE CBOE Volatility Index VIX -24c to 26.30, intra-day range 24.47 to 26.60 cboe.com/VIX
11:40 EDTFBEarnings Watch: Twitter to report Q4 earnings amid takeover speculation
Twitter (TWTR) is expected to report fourth quarter earnings after the market close on Wednesday, February 10 with a conference call scheduled for 5:00 pm ET. Twitter is a real-time social media platform with more than 320M active users. EXPECTATIONS: Analysts are looking for earnings per share of 12c on revenue of $709.94M. The consensus range is 6c-16c for EPS and $695.0M-$726.51M for revenue, according to First Call. LAST QUARTER: Twitter reported third quarter adjusted EPS of 10c against estimates of 5c, on revenue of $569M against estimates of $559.6M. Twitter reported Q3 Monthly Active Users were up 11% to 320M. Excluding SMS Fast Followers, MAUs were 307M for the third quarter, up 8% year-over-year, and compared to 304M in the previous quarter. Mobile MAUs represented approximately 80% of total MAUs. In its Q3 earnings report, the company gave Q4 revenue guidance of $695M-$710M and Q4 adjusted EBITDA guidance of $155M-$175M. During its conference call, Twitter CEO Jack Dorsey said the company reduced the workforce by roughly 8%. He added that the focus with Moments is now making the feature easier to discover for Twitter users and will roll out the marketing campaign over the rest of the year and into 2016. NEWS AND STREET RESEARCH: Earlier today, Twitter announced that it is introduce a new Home timeline feature that gives users the option to "see the best Tweets first." The algorithmically generated timeline will show the tweets out of order based on what they think users want to see most. Dorsey had also confirmed last month that the company will change the 140-character rule. Over the past quarter, Twitter has had to address changes to its company as the stock price has dropped over 50%. In late January, Dorsey confirmed the departures of four executives. They include Twitter's head of product, Kevin Weil, head of media, Katie Stanton, head of engineering, Alex Roetter, and head of human resources, Brian "Skip" Schipper. Following the executive exits, Stifel downgraded the company to Hold, saying that it does not see how the departures can be viewed as positive in the middle of an attempted business turnaround. Evercore added that the likelihood of near-term growth re-acceleration at Twitter looks less likely following the departures. The analyst adds that traffic trends and agency channel checks continue "to point to the worst" for the company. Goldman lowered its price target to $28 after the executive exits, arguing that continued management instability likely further delays the development of the technology and product needed for Twitter to see user growth, engagement, and monetization. The firm also cut their Twitter 2016-2017 revenue estimates by 5%. As the stock price continues to fall, The Information reported that Marc Andreessen and Silver Lake have considered a deal for Twitter. Cantor added that Twitter is in play as a possible takeover target. Potential suitors include Alphabet (GOOG, GOOGL), Facebook (FB) and Microsoft (MSFT), the analyst contends. On the media side, the firm thinks 21st Century Fox (FOXA), Disney (DIS), Comcast (CMCSA) or Time Warner (TWX) could express interest in Twitter. A Re/code report said that Twitter could name two new board members when it announces its Q4 earnings tonight. The new board members are likely to take the place of Peter Chernin and Peter Currie, two current directors; potential names that have been mentioned for the company's board include Shonda Rhimes, Oprah and Kendrick Lamar. PRICE ACTION: Twitter shares are down over 45% in the last three months. In Wednesday midday trading ahead of its Q4 report, Twitter shares are trading up 1.9%.
09:38 EDTFBActive equity options trading on open; FB NFLX INTC DIS AAPL BAC CSCO JNJ SCTY
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February 9, 2016
18:10 EDTFBFacebook developing millimeter-wave technology for Internet.org, Verge says
Facebook is actively developing millimeter-wave technology that could potentially create a "mesh" data network in support of its Internet.org project, reports The Verge, citing patent filings and spokesperson statements. Reference Link
16:09 EDTFBOptions Update; February 9, 2016
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15:07 EDTFBOption volume leaders: FB AAPL BAC MSFT NFLX TWTR GE MU DIS TSLA CSCO C GM
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10:21 EDTFBRising competition may weigh on PayPal margins, analyst says
Research firm Piper Jaffray warned that PayPal continues to face increased competition, which may weigh on its results. Meanwhile, the company announced a change in its Chief Technology Officer. PIPER STICKS WITH SELL RATING: Other leading digital payment systems are becoming more competitive with PayPal's offering, according to well-known Piper Jaffray analyst Gene Munster. More financial and technology competitors - including Visa (V), MasrterCard (MA), Google (GOOG,GOOGL), Samsung and Apple (AAPL) - are offering "similar functionality" to PayPal, Munster believes. Moreover, Apple and and Samsung will begin accepting mobile Web payments in 2016, intruding on PayPal's core competency, and Facebook (FB) is looking to partner with multiple players in the space, Munster noted. The credit card networks are poised to launch online checkout systems, further increasing PayPal's competition, Munster warned. In the face of all this competition, PayPal's appeal to its customers is questionable, according to the analyst, who kept a $33 price target and Underweight rating on the shares. WHAT'S NOTABLE: PayPal announced that its CTO, James Barrese, would resign "to take time off." Barrese will be replaced, effective April 1, by Sri Shivananda, who led eBay's (EBAY) Global Platform and Infrastructure team, PayPal reported. Shivananda's team has worked closely with PayPal, the company noted. PRICE ACTION: In early trading, PayPal slipped about 1% to $33.30.
09:34 EDTFBActive equity options trading on open
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09:09 EDTFBGoldman to hold a conference
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February 8, 2016
19:59 EDTFBFrance gives Facebook three months to comply with data collection laws
France's Commission Nationale de l'Informatique et des Libertes, or CNIL, issued formal notice to Facebook to comply with the country's Data Protection Act within three months. The agency explained that, after performing on site and online inspections of the company's policies, CNIL discovered several "failures" on the part of Facebook. Specifically, CNIL said the company "collects, without prior information, data concerning the browsing activity of Internet users who do not have a Facebook account... The social network collects data concerning the sexual orientation and the religious and political views without the explicit consent of account holders. In addition, Internet users are not informed on the sign up form with regard to their rights and the processing of their personal data. The website also sets cookies that have an advertising purpose without properly informing and obtaining the consent of Internet users. Facebook compiles all the information it has on account holders to display targeted advertising... The company provides no tools for account holders to prevent such compilation, which thereby violates their fundamental rights and interests, including their right to respect for private life. Facebook transfers personal data to the United States on the basis of Safe Harbor, although the Court of Justice of the European Union declared invalid such transfers in its ruling of October 6, 2015." If Facebook does not comply within the time limit, CNIL noted it will appoint a "rapporteur" who may refer the matter to an agency committee to consider a possible sanction. Reference Link
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