Facebook Resurrection: Why FB Stock Is Poised for a 25% Rally

By CCN Markets: Facebook (FB) stock suffered a devastating 2018 amidst controversies that led to a mass investor exodus. In one particularly painful trading session, Facebook rewrote the history books with a $126 billion plunge. The social media giant weathered the storm, and FB shares are up almost 38 percent this year amid a broad […] The post Facebook Resurrection: Why FB Stock Is Poised for a 25% Rally appeared first on CCN Markets

Read More

Facebook’s Stock Falters as the DOJ Knives Come Out

Facebook’s stock fell 1.5 percent in after-hours trading to $199.27 on two issues that may likely portend the future of the tech giant. Facebook Faces Frustrating Fracas There are a number of different issues facing Facebook right now. First of all, Facebook may have settled privacy issues with the Federal Trade Commission by paying a […] The post Facebook’s Stock Falters as the DOJ Knives Come Out appeared first on CCN Markets

Read More

Lamb to Slaughter? Visa Follows Zuck into Facebook’s Centralized Crypto

By CCN Markets: Facebook has managed to lure some big names to support its cryptocurrency endeavor. According to a report in the Wall Street Journal, payment giants Visa and Mastercard in addition to PayPal and Uber have all jumped onto Mark Zuckerberg’s crypto bandwagon. They are each going to pour $10 million into the project for the opportunity to be part of the governance structure of the new cryptocurrency. They even have a name and will be part of what Facebook is calling the Libra Association in a nod to…

Read More

Facebook’s Aging Users & Broke Teens Will Reject GlobalCoin: Report

By CCN: Excitement for Facebook’s forthcoming cryptocurrency, dubbed GlobalCoin, may have hit its first roadblock in adoption. Poor Demographics for GlobalCoin According to research published on May 28 by cryptocurrency analytics firm Diar, Facebook’s payment-focused coin will fail to gain traction based upon the demographics of the platform’s user base. Despite being one of the largest social media hubs on the web, GlobalCoin adoption will face an uphill battle with Facebook’s aging population. Diar’s research shows that less than half of Facebook’s users are under the age of 35, with…

Read More

Facebook Hunts E-Commerce, Payment Partners for Crypto Push: Report

By CCN: The crypto community hasn’t scared Mark Zuckerberg away from his cryptocurrency ambitions, at least not yet. New details have emerged in a Wall Street Journal report indicating that Mark Zuckerberg’s company is actively looking to ink deals to back its cryptocurrency payments ecosystem. Facebook is reportedly in discussions with “dozens of financial firms and online merchants” to support the unveiling of its blockchain-based payments network. Facebook is looking to lasso $1 billion for its new cryptocurrency and has been in talks with some major players. Facebook Building Cryptocurrency-Based…

Read More

Facecoin To Replace U.S. Dollar? Facebook Claims It’s “Helping People”

We’re all still thinking like regular crypto heads when it comes to what Facebook’s Mark Zuckerberg has up his sleeve with his stablecoin. The Zuck’s not thinking about just creating his own crypto. He wants to replace the U.S. dollar according to Ted Livingston, who’s developed the reputation of being ahead of the industry in making predictions. Livingston is the founder and CEO of messaging platform Kik. Facebook’s moves aren’t steeped in anything nefarious. Instead, they are in line with  Facebook’s usual claims – helping the world. This time, the…

Read More

Watch: Facebook Alum. Sean Parker Bashes Amazon, Warns Echo is Spying on Every Word You Say

Facebook founding president Sean Parker wants you to know that Amazon’s Alexa-enabled Echo devices are listening to every word you say and may be filing away your private conversations for future use. Ex-Facebook Executive Sean Parker Bashes Amazon Over Privacy Parker, who also founded the now-shuttered Napster, revved up the conversation about how personal assistant devices like Amazon’s Echo and Google’s Home devices are spying on you. They’re doing this without you saying trigger phrases like “Hey Alexa” or “Hey Google.” Parker commented on privacy issues and these personal assistant…

Read More

With Facebook Falling out of Favor, Will Instagram be Enough to Rescue Shareholders?

By CCN.com: According to Fortune’s latest edition of the world’s most respected companies, admiration for Facebook is plummeting. The souring sentiment is following — and followed by — Facebook’s falling share price in what is rapidly becoming a vicious cycle. Facebook No Longer Admired by Top Executives The latest “World’s Most Admired Companies” list from The post With Facebook Falling out of Favor, Will Instagram be Enough to Rescue Shareholders? appeared first on CCN

Read More