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Shares of Facebook Inc. Cl A FB, -0.77% slipped 0.77% to $322.58 Monday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, +0.70% rising 0.70% to 34,113.23 and the NASDAQ Composite Index COMP, -0.48% falling 0.48% to 13,895.12. This was the stock's second consecutive day of losses. Facebook Inc. Cl A closed $9.23 below its 52-week high ($331.81), which the company achieved on April 29th. The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Microsoft Corp. MSFT, -0.13% fell 0.13% to $251.86, Alphabet Inc. Cl A GOOGL, -0.44% fell 0.44% to $2,343.08, and Twitter Inc. TWTR, -1.16% fell 1.16% to $54.58. Trading volume (18.7 M) remained 1.7 million below its 50-day average volume of 20.4 M. Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.  » Read More

Click here for updates on this story     CHICAGO (WBBM) — A dramatic Facebook video shows the aftermath of what police call an attempted child luring incident. CBS 2’s Marissa Parra on Sunday broke down the chain of events – including the arrest and the woman who chased down the suspect. Hason Reynolds, 43, has been charged with a felony after Chicago Police said he attempted to lure a child into his car. We are told that on Friday, a 12-year-old boy was walking on Dr. Martin Luther King Dr. at 59th Street in the Washington Park neighborhood when the man spotted him and tried to bribe him to hop in. Facebook video showing the aftermath was taken by a woman who appears to have been the sister of the victim. According to police, the man had tried to flee after luring the boy – but was pursued by an unknown witness who then flagged down Chicago Police. Police pulled over the suspect about a mile away in the 6300 block of South Wentworth Avenue,  » Read More

Facebook has just come out with their Q1 2021 earnings report and looking at the results, we are very sure that the company may just move to invest heavily in the VR and AR devices in times to come. Going by the predictions made by developers and analysts as they estimated Facebook selling 2 to 3 million units of Oculus Quest 2 last year, the company has also sold another 2 million units already in the first quarter of 2021. If all of these estimates are true then Quest 2 now enjoys 5 million users - a milestone that no other device has been able to enjoy as of now.Even if we look at the most successful VR headset of all time - which is the PlayStation VR - Sony has only been able to sell 5 million units ever since it first came out in 2016. This overall means that Facebook has managed to sell as many units of second-generation VR headset altogether what Sony could manage within the span of 5 years.  » Read More

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Tech wrap. (Pixabay) As the second wave of the novel coronavirus pandemic continues to spread across the country, social distancing and swift vaccination are the most promising solutions available today. Facebook has announced that it will roll out a new vaccine finder tool to its app to help Indians looking for a vaccine. However, the company's plans to roll out end to end encryption for Messenger and Instagram may not materialise until next year. Meanwhile, Apple's new App Tracking Transparency prompts have been implemented by over 10,000 apps according to recent data. On the other hand, Google Play will pause free trials and new subscriptions in order to comply with local regulation. In case you missed them, here are the top tech stories of the day:Coronavirus vaccine: Facebook app to roll out vaccine finder tool in IndiaAfter announcing a $10 million grant earlier this week to fight the novel coronavirus pandemic, Facebook announced yesterday that it was working with the Central Government to roll out a vaccine finder tool for citizens to be able to locate the nearest center to get inoculated.  » Read More

Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy.The app industry is as hot as ever, with a record 218 billion downloads and $143 billion in global consumer spend in 2020.Consumers last year also spent 3.5 trillion minutes using apps on Android devices alone. And in the U.S., app usage surged ahead of the time spent watching live TV. Currently, the average American watches 3.7 hours of live TV per day, but now spends four hours per day on their mobile devices.Apps aren’t just a way to pass idle hours — they’re also a big business. In 2019, mobile-first companies had a combined $544 billion valuation, 6.5x higher than those without a mobile focus. In 2020, investors poured $73 billion in capital into mobile companies — a figure that’s up 27% year-over-year.This week we're looking at the launch of Apple's ATT,  » Read More

Update April 30, 2021 at 12:22 pm ET: Facebook outage reports are going down, signaling that this might've just been a flash-in-the-pan issue. Just in time for the glut of social media traffic that occurs when people pray for Friday to be over and for the weekend to start, Facebook appears to be having issues. Outage reports started spiking shortly before 12 p.m. ET. It seems as though Instagram, Facebook Messenger, and WhatsApp remain relatively unaffected, so perhaps issues aren't that widespread. Furthermore, it looks like outage reports regarding Facebook are going down as I type this sentence. There's a chance that problems have leveled off and Facebook has everything under control now, in stark contrast to the whole thirty minutes where things seemingly got out of control. If anything changes, this post will be updated. Impressive Value Review: This is the best X570 ASUS motherboard for value and performance There are many motherboards out there that can be used with the latest AMD Ryzen 5000 series processors,  » Read More

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FILE - In this Sept. 20, 2016, file photo, Facebook CEO Mark Zuckerberg and his wife, Priscilla Chan, smile as they prepare for a speech in San Francisco. (AP Photo/Jeff Chiu, File) (Source: Jeff Chiu) By HNN Staff | April 29, 2021 at 7:42 AM HST - Updated April 29 at 7:42 AM KILAUEA, Hawaii (HawaiiNewsNow) - Facebook founder and CEO Mark Zuckerberg has purchased another 600 acres of land on Kauai, according to a recent report. Pacific Business News reports Zuckerberg and his wife, Priscilla Chan, bought the three parcels of land — totaling 595.4 acres — for $53 million from the nonprofit Waioli Corporation. They closed on the purchase on March 19, PBN reported. Some of the land fronts Larsen’s Beach, but the access road is still owned by the county and will remain open to the public. The couple said they are committed to preserving the land and maintaining agriculture there. They now own more than 1,300 acres of land in Hawaii.  » Read More

Facebook Inc.’s stock was up 7% and headed for a record high after earnings Thursday. That comes as no surprise to financial analysts, who showered the social-networking giant FB, +7.30% with praise following another blockbuster quarter of advertising sales as well as a spike in non-ad revenue. “Facebook seems to be in a sweet spot where it is growing revenue at record cadence while keeping ad load relatively in check (evidenced by the 12% impression growth vs. DAU 8% Y/Y),” Barclays analyst Ross Sandler said in hiking his price target to $410 from $350. “Nascent product areas like commerce, paid messaging and the creator tools provide bulls with new upside scenarios.” Analysts on FactSet, who raised their average price target on Facebook shares to $370.12, are sold on the company’s fiscal first-quarter report Wednesday. Facebook crushed analyst estimates with $26.2 billion in revenue and net income of $9.5 billion, or $3.30 a share. Advertising, which accounts for nearly all of Facebook’s sales, soared 46% to $25.4 billion as millions of small- and midsize businesses take to online ads to reach consumers during the pandemic.  » Read More