Facebook, Inc. (NASDAQ:FB) Cutting Police Departments Off From A Vast Trove Of Data- Netflix, Inc. (NASDAQ:NFLX)

Facebook, Inc. (NASDAQ:FB) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it -0.54% to close at $138.57 with the total traded volume of 3.85 Million shares. Facebook (FB) declared that it is cutting police departments off from a vast trove of data that has been increasingly used to monitor protesters and activists. The move, which the social network reported Monday, comes in the wake of concerns over law enforcement’s tracking of protesters’ social media accounts in places such as Ferguson, Missouri, and Baltimore.

It also comes at a time when chief executive Mark Zuckerberg says he is expanding the company’s mission from merely “connecting the world” into friend networks to promoting safety and community.Although the social network’s core business is advertising, Facebook, along with Twitter and Facebook-owned Instagram, also provides developers access to users’ public feeds. The developers use the data to monitor trends and public events. For example, advertisers have tracked how and which consumers are discussing their products, while the Red Cross has used social data to get real-time information during disasters such as Hurricane Sandy. The firm has institutional ownership of 71.70%, while insider ownership included 0.10%. Its price to sales ratio ended at 14.51. FB attains analyst recommendation of 1.80 with week’s performance of 1.47%.

Netflix, Inc. (NASDAQ:NFLX) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 0.37% to $143.72. Goldberg Law PC reported that filing of a class action lawsuit against Netflix, Inc. (NFLX). Investors who purchased or otherwise acquired Netflix shares between July 22, 2014, and October 15, 2014, inclusive, are encouraged to contact the firm in advance of the May 1, 2017 lead plaintiff deadline.According to the Complaint, Netflix did not inform investors that its May 2014 price increase for monthly streaming subscriptions would not have a substantial effect on subscriber growth.

Instead, on July 21, 2014, Netflix told investors that the price increase had a “minimal” and “nominal” impact on subscriber growth and that any negative effect on revenue was “background noise” with “no noticeable effect in the business.”

On October 15, 2014, Netflix reported to investors that “[Y]ear on year net additions in the US were down (1.3 million in Q3 2013 to 1 million in Q3 2014). As best we can tell, the primary cause is the slightly higher prices we now have compared to a year ago. Slightly higher prices result in slightly less growth, other things being equal, and this is manifested more clearly in higher adoption markets such as the US.” The share price of NFLX attracts active investors, as stock price of week volatility recorded 1.47%. The stock is going forward to its 52-week low with 70.08% and lagging behind from its 52-week high price with -1.53%.

 

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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