Facebook, Inc. (NASDAQ:FB) Going to Let People Find And Give Help Such As Food, Shelter And Transportation After A Crisis

Facebook, Inc. (NASDAQ:FB) [Trend Analysis] knocking active thrust in leading trading session, shares an increase of 1.79% to 134.20 with around 22.37 Million shares have changed hands in this session. Facebook Inc. (FB) declared that an update to Safety Check, called Community Help, that lets people find and give help such as food, shelter and transportation after a crisis. With Community Help people can find and give help, and message others directly to connect after a crisis.

Posts can be viewed by category and location, making it easier for people to find the help they need. According to a blog post by Naomi Gleit, a Facebook vice president, the company will make Community Help accessible for natural and accidental incidents, such as an earthquake or building fire.

It is also starting in the US, Canada, Australia, New Zealand, India and Saudi Arabia for the first couple of weeks, and as the company learns more about how people use the product, it will look to improve it and make it accessible for all countries and additional types of incidents. The stock is going forward its fifty-two week low with 38.61% and lagging behind from its 52-week high price with -0.95%.

Similar, the positive performance for the quarter recorded as 9.86% and for the year was 34.82%, while the YTD performance remained at 16.64%. FB has Average True Range for 14 days of 2.23.

ION Geophysical Corporation (NYSE:IO) [Trend Analysis] retains strong position in active trade, as shares scoring -0.99% to $5.00 in a active trade session, while looking at the shares volume, around 154198 shares have changed hands in this session. ION Geophysical Corporation (NYSE: IO) declared that a fourth quarter 2016 net loss of $6.5 million, or $(0.55) per share, on revenues of $35.4 million, compared to a net loss of $5.5 million, or $(0.51) per share, on revenues of $77.5 million in fourth quarter 2015. Excluding special items, the Company’s fourth quarter 2016 adjusted net loss was $11.6 million, or $(0.99) per share. No special items impacted fourth quarter 2015. A reconciliation of special items to the financial results can be found in the tables of this press release.

Brian Hanson, the Company’s President and Chief Executive Officer, commented, “As anticipated, 2016 was another challenging year for us and our industry. Oil prices remained low and E&P spending reduced approximately 22% from 2015 levels. While the revenue we recognized during the fourth quarter was below our expectations, we closed a important amount of new deals related to our 3D multi-client Campeche reimaging program in partnership with Schlumberger, increasing our backlog as we move into 2017. “ The firm has institutional ownership of 47.10%, while insider ownership included 3.10%. IO attains analyst recommendation of 2.50 with week’s performance of -11.50%. Investors looking further ahead will note that the Price to next year’s EPS is 91.00%.

 

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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