Shares of Facebook Inc (NASDAQ:FB) dropped -0.08% to $119.38 on Friday. The company offered net profit margin of 23.60% while its gross profit margin was 84.60%. ROE was recorded as 10.80%. The share price is trading in a range of 119.01 – 119.85 (Price in Dollars). The stock exchanged hands with 13.49M shares contrast to its average daily volume of 26.29M shares. The company employs 13598 people, over the last 12 months has generated revenue of $19.77B and has a net income of $4.67B. According to Thestreet, Facebook Inc (NASDAQ:FB) is adjusting the way its trending news section works in an attempt to put censorship concerns to bed to assist boost engagement and advertising dollars.
Facebook general counsel Colin Stretch outlined in a post late Monday the results of the company’s investigation into allegations its workers censored conservative content in addition to measures taken to tweak the way its “trending topics” section works. The move came in response to a letter from Republican Senator John Thune earlier this month requesting Facebook CEO Mark Zuckerberg respond to questions regarding its news curation practices.
In turn, Facebook well make a handful of changes to the section, counting get rid of its “1K list,” a group of 1,000 websites it uses to assist verify headlines, and removing the ability to assign an “importance level” to a topic through its prominence on a list of 10 top news sites, which includes outlets like The New York Times, Washington Post and CNN.
Verizon Communications Inc (NYSE:VZ) shares surged about 0.90% to $50.61 at Friday in New York trading. Shares of company were moving above of 50 days simple moving average with 4.15% while 200 days simple moving average with 14.81%. In the liquidity ratio analysis; debt to equity ratio was 0.00. The company has the institutional ownership of 71.30 percent while the Beta factor was 0.74. Verizon Communications Inc, as of current trade, has shown weekly upbeat performance of 1.73 percent which was maintained at 2.27 percent in 1-month period. On May 27, Lowell McAdam, chairman and CEO of Verizon Communications Inc. (NYSE, Nasdaq: VZ), will speak at the J.P. Morgan Global Technology, Media and Telecom Conference in Boston on May 24 at about 8 a.m. ET.
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York City, generated nearly $132 billion in 2015 revenues. Verizon operates America’s most reliable wireless network, with 112.6 million retail connections nationwide. The company also provides communications and entertainment services over America’s most advanced fiber-optic network, and delivers integrated business solutions to customers worldwide.