Home / Features / Facebook (NASDAQ:FB) Should Be Treated Like A Media Firm Rather Than A Technology Platform; Germany’s Justice Minister Says

Facebook (NASDAQ:FB) Should Be Treated Like A Media Firm Rather Than A Technology Platform; Germany’s Justice Minister Says

Shares of Facebook, Inc. (NASDAQ:FB) [Trend Analysis] runs in leading trade, it moving down -0.65% to traded at $117.02. The firm has price volatility of 2.78% for a week and 2.46% for a month. Its beta stands at 0.71 times. Germany’s Justice Minister stated that he believed Facebook Inc. (FB) should be treated like a media firm rather than a technology platform, suggesting he favors moves to make social media groups criminally liable for failing to remove hate speech.

Under a programme that runs until March, German authorities are monitoring how many racist posts reported by Facebook users are deleted within 24 hours. Justice Minister Heiko Maas has pledged to take legislative measures if the results are still unsatisfactory by then.Maas has stated the Eu needs to decide whether platform companies should be treated like radio or television stations, which can be held accountable for the content they publish. Narrow down four to firm performance, its weekly performance was -1.68% and monthly performance was -9.98%. The stock price of FB is moving down from its 20 days moving average with -6.15% and isolated negatively from 50 days moving average with -7.89%.

Teck Resources Limited (NYSE:TCK) [Trend Analysis] luring active investment momentum, shares a decrease -2.36% to $22.77. Teck Resources Limited (NYSE:TCK) reported that the ticker symbol of its Class B subordinate voting shares listed on the New York Stock Exchange will change from TCK to TECK effective December 5, 2016.

Also effective December 5, 2016, the ticker symbols for Teck Class A ordinary shares and Class B subordinate voting shares listed on the Toronto Stock Exchange will change to TECK.A and TECK.B, respectively. Teck Class A ordinary shares and Teck Class B subordinate voting shares will continue to trade under their current symbols until the close of trading on December 2, 2016.

The CUSIP numbers for Teck shares will remain unchanged. Outstanding stock certificates are not affected by the ticker symbol change and do not need to be exchanged. The total volume of 7.87 Million shares held in the session was surprisingly higher than its average volume of 8547.47 shares. EPS anticipates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -783.40%, and looking additional price to next year’s EPS is 98.07%. While take a short look on price to sales ratio, that was 2.30.

 

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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