Facebook stock rose nearly 5% in after hours trading despite the company announcing that it could take a one-time charge of as much $5 billion due to an ongoing Federal Trade Commission inquiry.
The company's earnings per share analyst expectations are not comparable due to the anticipated FTC charge. "We had a good quarter and our business and community continue to grow," said CEO Mark Zuckerberg in a statement."We are focused on building out our privacy-focused vision for the future of social networking, and working collaboratively to address important issues around the internet."
SPONGEBOB FACT: SpongeBob is very happy right now!! He owns a good amount of Facebook shares
YOU are the product
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Facebook Sets Aside $3 Billion to Cover Expected FTC FineFacebook sets aside $3 billion to cover expected FTC fine, posts 26% rise in first-quarter revenue. Shares rise after hours. That company is on a downward spiral. Most people I know who now actively use it are over 45. Good work ! We also use InstaCryptoNews for fresh news Where does the FTC do with the anticipated $3,000,000,000.00? That’s a ton of cash.
Source: WSJ - 🏆 98. / 63 Read more »
Facebook takes $3B charge for FTC investigation in 1QFacebook says a $3 billion charge related to its investigation by the Federal Trade Commission slashed its net income in the first quarter of the year, even as it grew revenue by 25% MORE: The FTC has been investigating Facebook, but has not announced any findings yet. The one-time charge slashes Facebook's first-quarter net income considerably, although revenue grew by 25% in the period. Where does that money go? That’s a non-deductible expense too.
Source: ABC - 🏆 471. / 51 Read more »
Facebook takes $3B charge for FTC investigation in 1QSAN FRANCISCO (AP) — Facebook is taking a $3 billion charge as a contingency against a possible fine by the Federal Trade Commission. The agency has been investigating Facebook, but has not... I remember when $3bil was actually a big deal. Fuck that! Give them the max amount! Why should they get a handout. If I go stab an elderly lady in the neck and kill her do I get a break? Laws are laws. How is their userbase continuing to grow? Mostly bots and fake accounts I'll bet.
Source: AP - 🏆 728. / 51 Read more »
How The Bidens Earned More Than $3 Million While They Were In The White HouseThe Bidens made over $3 million while Joe Biden served as vice president. Here's how: I heard they serviced lots of pipes, but yet, were not plumbers And the “smear Joe Biden” campaign begins. He is a good man. Not perfect but honest and good. Have you looked at Trump? Or Senators that have been in DC for years? Looking at you McConnell.
Source: Forbes - 🏆 394. / 53 Read more »
SEC fines Prosper Funding $3 million for overstating net returns to investorsThe Securities and Exchange Commission on Friday said Silicon Valley-based Prosp... Because thats FRAUD and its a crime
Source: Reuters - 🏆 2. / 97 Read more »
Chicago and Miami are among 5 cities getting a $15 million boost from JPMorgan ChaseEach of the winners gets a $3 million prize to help deal with local challenges. jpmorgan Don't try to give NYC 500 million bucks, AOC will boycott it, because ... ummm, whatever, like, we don't want it. jpmorgan $3m over 3 years? That’s just the local politicians cut here in Chi, where’s the real $$? ;)
Source: BusinessInsider - 🏆 729. / 51 Read more »
Former KKR Executive Alexander Navab Aims to Raise $3 Billion for New Buyout FirmAlexander Navab, a former senior executive at KKR, is launching a buyout firm that will focus on midsize-to-large transactions, seeking to take advantage of an area of the market where he sees less competition. be the part of the wall street jounal
Source: WSJ - 🏆 98. / 63 Read more »
How The Bidens Earned More Than $3 Million While They Were In The White HouseThe Bidens made over $3 million while Joe Biden served as vice president. Anyone employed and being paid 100k / year by the US government should forgo SS benefits until they actually retire. Corruption? Pay to play with HRC?
Source: Forbes - 🏆 394. / 53 Read more »
Baby T-Rex on sale for $3 million on eBay sparks outrageThe remains were found in a marsh in Hell Creek Formation in Montana in 2013, according to its owner. We live in a very strange time.. baby rex do do do do do do It’s because they couldn’t get any DNA out of it to regrow it?
Source: NBCNews - 🏆 10. / 86 Read more »
Here is the most expensive and fastest production car in existenceCNBC's Robert Frank reports from the New York International Auto Show about a new $3 million hypercar. Woah!!! I was the smartest kid in school, even studying human sexuality at university to be more than proficient in that subject knowing more than any of my peers. Now I'm like some exotic weapon hanging on the wall that only Military Intelligence uses; I'm not suitable for civilian use.
Source: CNBC - 🏆 12. / 72 Read more »
Baby T-Rex fossil listed for sale on eBay for $3 millionThe eBay listing, last updated on Tuesday, claims the artifact is 'most likely the only baby T-rex in the world,' adding that the specimen has a 15-foot-long body, 21-inch skull and serrated teeth. finrekt how to make it easy peasy The Society of Vertebrate Paleontology can bid on it if they like. I am sure they have the cash & it's a write off.
Source: CNBC - 🏆 12. / 72 Read more »