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Facebook shares tumbled more than 20% in extended trading on Wednesday after the company reported disappointing earnings, gave weak guidance and said user growth has stagnated. Here are the results: Earnings per share: $3.67 vs $3.84 expected, according to a Refinitiv survey of analysts Revenue: $33.67 billion vs $33.4 billion expected, according to Refinitiv Facebook also missed estimates with user numbers. Daily Active Users (DAUs): 1.93 billion vs 1.95 billion expected by analysts, according to StreetAccount Monthly Active Users (MAUs): 2.91 billion vs 2.95 billion expected by analysts, according to StreetAccount Average Revenue per User (ARPU): $11.57 vs $11.38 expected...

Facebook and Twitter, the two largest social media platforms to permanently ban President Donald Trump for his role in last week's Capitol riots, saw $51.2 billion in combined market value erased over the last two trading sessions. Companies across sectors have responded to the president's rhetoric in recent days by pausing political donations, making statements decrying his inflammatory remarks, and pulling products with links to right-wing movements. Facebook and Twitter possibly took the biggest retaliatory steps when they indefinitely banned Trump from their platforms on Thursday and Friday, respectively. Both companies cited the risk of additional violence for their bans,...

Facebook sank as much as 4.5% on Monday as investors continued to balk at the platform's ban of President Donald Trump. The slide saw $33.6 billion erased from Facebook's market cap at intraday lows. Shares have since pared some losses and now trade about 2.6% lower. The stock's decline comes as Wall Street reconciles with the president's role in encouraging supporters to storm the Capitol on Wednesday. Facebook CEO Mark Zuckerberg announced on Thursday the company would ban Trump "indefinitely," adding the risks of allowing him to remain on the platform "are simply too great." Twitter, which permanently banned Trump...

FULL TITLE: Facebook shares drop sharply after unearthed emails reportedly show Mark Zuckerberg is aware of 'problematic privacy practices' (FB) ========================================================================================= Facebook shares dropped sharply midday Wednesday after The Wall Street Journal reported the technology company had uncovered emails that appear to reflect a connection between CEO Mark Zuckerberg and "potentially problematic privacy practices at the company." The emails were uncovered in response to a probe into the company by the Federal Trade Commission, the WSJ reported, citing people familiar with the matter. Facebook shares tumbled by as much as 2.9% in midday trading Wednesday as investors digested a Wall...

Facebook Inc. Chief Executive Mark Zuckerberg saw his net worth decline by about $5 billion Monday, but it could have been worse. Ahead of Facebook’s worst one-day decline since 2012, prompted by news that data affecting 51.3 million members was improperly shared with a political consulting firm, Zuckerberg had been busy selling stock. So far this year, he has sold nearly five million shares. Disposing of those Facebook FB, -1.02% shares before Monday ended up saving about $40 million, according to Securities and Exchange Commission filings and some arithmetic by MarketWatch. At Monday’s close, the 4.9 million shares Zuckerberg has...

Demand for virtual reality is expected to surge in the years ahead. Research firm IDC expects that more than 110 million VR headsets will be sold in 2020, up from 9.6 million headsets in 2016. Investors looking to add exposure to the trend have a number of stocks to choose from, including both NVIDIA (NASDAQ:NVDA) and Facebook (NASDAQ:FB). But while those companies may offer attractive upside, their shares certainly aren't cheap, trading for about 40- and 69-times trailing earnings, respectively. Those investors looking for more of a bargain might consider AMD (NASDAQ: AMD). The computing giant seems likely to play...