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NAS:FB, Aug 20, 04:48 UTC

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Monday, February 11


News

Facebook steps up fact-checking in India before election

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Facebook has secured five new partnerships in India to widen its fact-checking program ahead of the country's general election due by May. Facebook also announced that the new partnerships would expand its fact-checking capability to three new languages, allowing it to monitor news in English, Hindi, Bengali, Telugu, Malayalam and Marathi. "We are committed to fighting the spread of false news on Facebook, especially ahead of the 2019 General Election campaign season. And one way to do that is by growing our partnership with third-party fact-checkers," Manish Khanduri, news partnership head at Facebook India said in a press release Monday. "We know this is going to be a long-term commitment for us because the tactics used by bad actors are always changing. So we're trying to take action in the short-term but also invest in partnerships, tools and technology we'll need to stay ahead of new types of false news as well."

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Sunday, February 10


News

Facebook Pushes Instagram's YouTube Competitor in Main Feed

FB

Just 3.5 million people have installed the stand-alone IGTV app, according to data from SensorTower, and it's grossly overshadowed in the Instagram app by Stories and the main feed. In order to grow viewership, Instagram is now including previews of IGTV content in users' feeds. That's nothing compared to the 1.8 billion users Alphabet(NASDAQ: GOOG)(NASDAQ: GOOGL) says use YouTube. And those users spend an average of one hour per day streaming videos on mobile alone. That can lead to greater engagement and discovery of other IGTV content, ultimately producing a fertile environment for creators to share new videos. If successful, Facebook could copy the model for Facebook Watch and the Facebook News Feed. There's a clear market for creators looking to promote their videos. While there's already a thriving video ad market on Facebook and Instagram, promoting videos for IGTV or Watch would keep users engaged on Facebook's platforms.

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SunTrust Banks Increases Arrow Electronics (ARW) Price Target to $84.00 – Fairfield Current

FB STI

SunTrust Banks also issued estimates for Arrow Electronics’ Q4 2019 earnings at $2.75 EPS, Q1 2020 earnings at $2.09 EPS, Q2 2020 earnings at $2.42 EPS and Q4 2020 earnings at $2.92 EPS. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Arrow Electronics declared that its Board of Directors has initiated a share repurchase plan on Wednesday, December 12th that allows the company to repurchase $600.00 million in outstanding shares. Daiwa SB Investments Ltd. now owns 2,740 shares of the technology company’s stock worth $189,000 after purchasing an additional 300 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in shares of Arrow Electronics by 8.5% during the fourth quarter. IFM Investors Pty Ltd now owns 5,061 shares of the technology company’s stock worth $349,000 after acquiring an additional 398 shares during the period.

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Saturday, February 09


News

Friday, February 08


News

Facebook picks up retail computer vision outfit GrokStyle

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A National Science Foundation grant got the ball rolling on the actual company, and in 2017 founders Kavita Bala and Sean Bell raised $2 million to grow it. Facebook's acquisition of the company (no terms disclosed) makes sense on a couple fronts: First, the company is investing heavily in computer vision and AI, so GrokStyle and its founders are naturally potential targets. If you've ever seen a lamp or chair that you liked and wished you could just take a picture and find it online, well, GrokStyle let you do that — and now the company has been snatched up by Facebook to augments its own growing computer vision department.

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Facebook just bought a start-up that helps you shop for furniture using AI

FB

Facebook just bought a start-up that helps you shop for furniture using AI. Facebook on Friday announced its acquisition of GrokStyle, a San Francisco start-up that uses artificial intelligence technology to help users shop for furniture. On the Ikea mobile app, users can snap a photo of a piece of furniture and use GrokStyle's technology to receive matches for similar products. "Our team and technology will live on, and we will continue using our AI to build great visual search experiences for retail."

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Facebook’s (FB) Outperform Rating Reiterated at CIBC – Fairfield Current

FB

Pivotal Research restated a sell rating and issued a $120.00 target price (up previously from $113.00) on shares of Facebook in a research note on Thursday, January 31st. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and forty have given a buy rating to the company. Facebook’s revenue was up 30.4% compared to the same quarter last year. As a group, equities analysts predict that Facebook will post 7.55 EPS for the current year. In other news, insider Christopher K. Cox sold 15,900 shares of the business’s stock in a transaction on Tuesday, January 15th.

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Facebook Inc.(Nasdaq:FB): Is Europe trying to break up Facebook's business?

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The clearest warning yet came Thursday, when Germany’s antitrust office ruled that Facebook was abusing its market position by combining its data with information from Instagram, WhatsApp and third party websites. The fact that the data issue was handled by an antitrust regulator, rather than a privacy watchdog, could mark an important shift in the way authorities view social media. The German regulator argued that Facebook (FB) controls more than 95% of the country’s social media market, which means users have to choose between its data collection and not using social media. “The [regulator] underestimates the fierce competition we face in Germany, misinterprets our compliance with [European privacy rules] and undermines the mechanisms European law provides for ensuring consistent data protection standards across the EU,” Facebook said.

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The Zacks Analyst Blog Highlights: Apple, Facebook, Alphabet and Qualcomm

FB GOOG +5 more FB GOOG AAPL GOOGL TWTR AMZN QCOM

Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Apple is not recommended now because of the softening in its key product category. But there’s huge opportunity for the company to grow in the future, as evident from the commentary from Morgan Stanley's Katy Huberty. At nearly 13% of revenue and 63% gross margin, the growth in services is beginning to make a difference. And what with the huge installed base (900 million iPhones, according to the CFO) and new service offerings slated to launch this year as well as the promise of better security, growth is unlikely to slow down any time soon. But Apple is still an iPhone company until its other efforts make a bigger contribution to revenue, which explains why the Zacks Consensus Estimates have come tumbling down post earnings (10.9% for the March quarter and 7.6% for June). Apple temporarily revoked broad approvals in the form of enterprise certificates to Facebook and Alphabet that allowed them to work on app store versions of their apps, including Maps, Hangouts and Gmail in Google’s case and Instagram and others in Facebook’s case.

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Facebook 'youth team' to focus on Messenger Kids app for under-13s

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Facebook is restructuring its “youth team” with a greater focus on Messenger Kids, its instant-messaging app for under-13s, reports say. With categories such as animals, fails and memes, the app – which was being tested among a small number of US high schoolers – was an attempt to create a feed of short video content on Facebook, similar to the popular meme accounts that flourish on Instagram. “The youth team has restructured in order to match top business priorities, including increasing our investment in Messenger Kids,” the company said in a statement. The goal is to “make parents the gatekeepers”, Facebook said when it launched the app in late 2017. But it almost immediately sparked controversy, with more than 100 child-health advocates in the US writing a letter to Mark Zuckerberg calling for the app to be pulled because of the dangers of social media for children.

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