Facebook, Inc. (NASDAQ:FB) Conforms Official Effort To Curb The Spread Of Misinformation- Coca-Cola (NYSE:KOF)

Facebook, Inc. (NASDAQ:FB) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it -0.10% to close at $117.31 with the total traded volume of 19.07 Million shares. In an effort to stop the proliferation of fake news, Facebook has initiated a “Survey” that asks users to what extent they think an article uses misleading language.According to a report in TechCrunch, Facebook has confirmed that this is an official effort to curb the spread of misinformation.

“The company uses surveys somewhat like this to test the general quality of the news feed, and it has used other metrics to attempt to define rules for finding clickbait and fake stories. This appears to be the first direct coupling of those two practices: old parts doing a new job,” the report noted. The firm has institutional ownership of 70.50%, while insider ownership included 0.20%. Its price to sales ratio ended at 13.67. FB attains analyst recommendation of 1.80 with week performance of -2.95%.

Coca-Cola FEMSA S.A.B de C.V. (NYSE:KOF) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 1.10% to $63.19. Coca-Cola FEMSA, S.A.B. de C.V. (NYSE: KOF) released that its Brazilian subsidiary, Spal Industria Brasileira de Bebidas S.A., has successfully closed the agreement with the shareholders of Vonpar to acquire 100% of Vonpar in an all cash transaction for Spal.

Regarding the issuance of KOF series L shares that the sellers will subsequently receive upon certain mergers with Coca-Cola FEMSA, as per the announcement made on September 23, 2016, the Company will make the corresponding announcements when any of these mergers become formalized.

Vonpar’s footprint is a perfect geographic fit that links with the Coca-Cola FEMSA’s operations in the state of Paraná, in the south of Brazil. This transaction will increase our volume in Brazil by 25%, allowing us to reach 49% of the Coca-Cola system’s volume in the country. The share price of KOF attracts active investors, as stock price of week volatility recorded 2.21%. The stock is going forward to its 52-week low with 5.73% and lagging behind from its 52-week high price with -26.99%.

 

About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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