Facebook (NASDAQ:FB) Told A German Court About Monitoring All Of Its Consumers’ Posts For Racist Language In A Dispute

Facebook, Inc. (NASDAQ:FB) [Trend Analysis] retains strong position in active trade, as shares scoring 0.51% to $132.74 in a active trade session, while looking at the shares volume, around 1.52 Million shares have changed hands in this session. Facebook (FB) declared that it told a German court that it can’t monitor all of its consumers’ posts for racist language in a dispute over whether the company has to block a photo showing chancellor Angela Merkel and a refugee that has been misused in several hate-speech postings. “There are billions of postings each day,” said Martin Munz, a Facebook lawyer.

“You want us to employ a sort of wonder machine to detect each misuse. Such a machine doesn’t exist.” Facebook was sued by Syrian refugee AnasModamani, 19, who became famous after he took a picture of himself with Merkel. The photo later became an emblem of her refugee policies. Modamani appeared in a Wuerzburg court on Monday next to his attorney to argue Facebook must make sure the picture won’t be misused again by its users. The firm has institutional ownership of 71.80%, while insider ownership included 0.20%. FB attains analyst recommendation of 1.70 with week’s performance of 0.82%. Investors looking further ahead will note that the Price to next year’s EPS is 24.87%.

Extraction Oil & Gas Inc (NASDAQ:XOG) [Trend Analysis] reported that fourth quarter of 2016 production volumes; ‘Production volumes exceeded previous guidance on all three streams for the fourth quarter and full year 2016’.

Production volumes exceeded previous guidance on all three streams for the fourth quarter and full year 2016. Estimated 2016 production of 5.3 million barrels of oil and 10.9 million barrels of oil equivalent, a 34% and 54% increase over 2015, respectively.

Estimated fourth quarter production of 1.5 MMBbl and 3.5 MMBoe, a 28% and 57% increase from Q4-15, respectively. Year-end 2016 estimated proved reserves of 238 MMBoe, an approximate 50% increase over year-end 2015 proved reserves. First quarter 2017 completion schedule tracking as expected, with first wells already beginning flow-back. Cash position at year-end 2016 of approximately $589 million with a fully undrawn revolver.

 

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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