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Facebook stock loses $120 bn in value after scandals

on July 30, 2018

Facebook’s stock has taken a nosedive, wiping out about $120bn in market value. The plunge comes after earnings fell short of expectations following a series of scandals. The company’s profit still surpassed those of the previous year, but it was the first time since 2015 that Facebook’s profits failed to meet performance estimates. Al Jazeera’s Kristen Saloomey reports from New York.

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Pick up some FAANGs on dips, but not Facebook, says Santosh Rao

on July 30, 2018

The research director of Manhattan Venture Partners tells Reuters’ Fred Katayama why investors should not treat FAANG as a group but rather, view members individually.

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Alphabet Q2 earnings better than expected | Money Talks

on July 26, 2018

US tech giant Alphabet seems to be doing very well regardless of the fines it has been hit with. It’s second quarter profits have beaten analysts’ estimates. Revenues at Google’s parent company rose sharply in the three months to June and that’s despite a huge fine levied by European regulators. We speak to Santosh Rao, Head of Research at Manhattan Venture Partners.

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The Acquisition Premium Built Into Newly-Listed Tech Stocks

on June 19, 2018

Santosh Rao, head of research at Manhattan Venture Partners, discusses the surge in share price for newly-listed tech companies. He speaks with Bloomberg’s Jonathan Ferro on “Bloomberg Markets: The Open.” (Source: Bloomberg)

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Facebook enlists anchors from CNN, Fox News, Univision

on June 7, 2018

Facebook launches U.S. news programs hosted by Anderson Cooper of CNN, Shepard Smith of Fox, and Jorge Ramos of Univision to improve the quality of news on the social network. Fred Katayama reports.

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U.S. ‘net neutrality’ rules to end

on May 11, 2018

The Federal Communications Commission said in a notice that the landmark 2015 U.S. open-internet rules will cease on June 11. Aleksandra Michalska reports.

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