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1 Article
Source: Common Domain

Facebook Could Pay Billions Over Privacy. Investors Aren’t Too Worried.

Saturday 15:25 GMT

Facebook faces a record multibillion-dollar fine from the Federal Trade Commission, but investors don’t seem deeply concerned.

Shares of Facebook (ticker: FB) were down 1.3% to $161.77 on Friday afternoon following an article late Thursday saying the social-networking giant and FTC officials are in discussions to settle an agency investigation into Facebook’s privacy practices. The story, published by the Washington Post, made it clear that the payment could be much larger than had been expected.

1 Article
Source: Common Domain

Nvidia stock rallies on forecast, but analysts aren’t so sure about it

Sunday 01:28 GMT

After the most gloomy period of Nvidia Corp.’s recent history, the company promised a big rebound is on the way in a Thursday earnings report.

Nvidia NVDA, +1.82%  shares gave back some of their early gains but were still up 2% in afternoon trading Friday, after reporting earnings that beat expectations, though only because two forecast reductions had greatly diminished those expectations. Despite a fiscal first-quarter outlook that calls for another steep year-over-year sales decline, the company predicted that full-year revenue would be flat or decline only slightly.

“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte