Facebook’s big expense warnings lack bite these days

2019-10-31

After several similar doom-and-gloom warnings in the past, one analyst isn’t too bothered by Facebook Inc.’s latest talk of steep cost growth down the road. The company told investors in conjunction with its late-Wednesday earnings report that it expects $46 billion to $48 billion in total expenses for 2019, thoughRead More →

Facebook’s Zuckerberg says he would ‘go to the mat’ over ‘existential’ threat to his business from Elizabeth Warren

2019-10-02

Facebook CEO Mark Zuckerberg says he would “go to the mat” and “fight” against Democratic presidential candidate Sen. Elizabeth Warren who has threatened to break up his social-media empire. Read: Billionaire investor on Elizabeth Warren as president: Market might not even open On Tuesday, The Verge published text and leakedRead More →

Major backers of Facebook’s Libra may be getting cold feet

2019-10-01

Cracks are forming in the coalition Facebook Inc. assembled to build a global cryptocurrency-based payments network. Visa Inc. V, +1.33%  , Mastercard Inc. MA, -0.23%   and other key financial partners that signed on to help build and maintain the Libra payments network are reconsidering their involvement following backlash fromRead More →

Facebook’s cryptocurrency Libra may be a red line some people will refuse to cross and the novel case Juul is making against Chinese tariffs

2019-06-18

Happy Tuesday MarketWatchers. Don’t miss these top stories: Facebook’s cryptocurrency Libra may be a red line some people will refuse to cross Some social-media users regard Mark Zuckerberg’s financial-services ambitions with skepticism. This father paid $400,000 to get his child into Georgetown, but his son said he didn’t know —Read More →