Facebook financial news

Here are some recent Facebook financial news updates:

Recent Earnings Reports:

• Facebook, Inc. (FB) reported its Q4 2020 earnings on January 28, 2021. The company reported revenue of $28.07 billion, up 21% year-over-year, and net income of $11.18 billion, up 21% year-over-year.
• In Q3 2020, Facebook reported revenue of $21.47 billion, up 12% year-over-year, and net income of $7.85 billion, up 15% year-over-year.

Stock Performance:

• Facebook's stock (FB) has been trading around $280-$300 per share in recent months, with a 52-week range of $215.68 to $315.97.
• The company's market capitalization is around $850 billion.

Recent Developments:

• In January 2021, Facebook announced a new feature called "Facebook News" which will allow users to access news articles from various sources, with the company committing to invest $100 million in local news organizations.
• In December 2020, Facebook announced a new feature called "Facebook Dating" which will allow users to create a dating profile and connect with others who share similar interests.
• In November 2020, Facebook announced a new feature called "Facebook Marketplace" which will allow users to buy and sell items locally.

Regulatory Issues:

• In December 2020, the Federal Trade Commission (FTC) and 46 US states filed an antitrust lawsuit against Facebook, alleging that the company has engaged in anti-competitive behavior and violated antitrust laws.
• In October 2020, the European Union's antitrust regulator fined Facebook $2.3 billion for breaching EU data protection rules.

Other News:

• In January 2021, Facebook announced that it will be launching a new cryptocurrency called "Libra" in partnership with other companies, including Visa, Mastercard, and PayPal.
• In December 2020, Facebook announced that it will be launching a new virtual reality (VR) headset called "Oculus Quest 2" which will allow users to play games and watch videos in VR.