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Updates on Facebook Inc (FB) Stock: Privacy Laws, Technical Glitch & Google Inc (GOOG)

Editor’s Note: Related tickers: Facebook Inc (NASDAQ:FB), Google Inc (NASDAQ:GOOG)

Brazil threatens Facebook, Google over Snowden Leak (Salon)
Brazil’s government is threatening to force Internet service companies such as Google Inc (NASDAQ:GOOG) and Facebook Inc (NASDAQ:FB) to set up local data storage centers following allegations the U.S. probed President Dilma Rousseff’s e-mails. Internet service companies would have to follow Brazilian privacy laws and the government may also decide to store sensitive data such as tax information within the country to protect it from foreign spies, Internet Policy Secretary Virgilio Almeida told reporters in Brasilia yesterday. He spoke after a meeting between industry representatives and Rousseff.

Facebook Inc (FB), JetBlue Airways Corporation (JBLU)

Internet blocks return in Iran after brief opening (NZHerald)
Word of the opening of Iran’s blocked social media sites was spread, of course, by social media itself: in celebratory tweets and breathless Facebook posts. Hours later, the same sites Tuesday chewed over the sobering reality that the four-year-old firewalls were back in place. Iran’s Internet overseers blamed a “technical” glitch on the brief window to the Web.

Facebook PT Raised to $50.00 (FB) (WKRB13)
Facebook Inc (NASDAQ:FB) had its target price boosted by BMO Capital Markets from $37.00 to $50.00 in a report issued on Friday, Stock Ratings reports. They currently have a buy rating on the stock. Shares of Facebook (NASDAQ:FB) traded up 2.00% on Friday, hitting $43.36. The stock had a trading volume of 29,037,664 shares. Facebook has a one year low of $18.80 and a one year high of $45.62. The stock has a 50-day moving average of $39.90 and a 200-day moving average of $29.54. The company has a market cap of $105.6 billion and a price-to-earnings ratio of 192.35.

Facebook’s Facial Recognition Technology (SocialMediaSEO)
The move by Facebook to enable facial recognition across the entire social networking site has raised some eyebrows and probably some legal woes due to its privacy implications. Facebook Inc (NASDAQ:FB) announced that it was working to simply the process of users tagging photos of their family members and friends. In order to achieve this, it has been rolling out the facial recognition technology quietly to a test group across this world’s biggest social media network since late last year.

A Facebook For Industry (MBTMag)
Facebook Inc (NASDAQ:FB) has transformed how many of us use the Internet. It’s a great tool to help people easily keep in touch with friends and family, share pictures and video, and play games. Let’s face it, it’s the single largest collective of people ever in the history of mankind, and it’s changed how we interact socially. When you add the fact that there are one billion users, and almost 70 percent of its access is mobile, the impact broadens tremendously.

Can’t rely on government to provide workplace security: Expert (CNBC)


Recommended Reading:

Facebook Inc (FB): When Will S&P Pull The Trigger On It?

Facebook Inc (FB), LinkedIn Corp (LNKD): Twitter Preps For IPO

Netflix, Inc. (NFLX) News: Customer Revolt, Changed Perspective & Facebook Inc (FB)

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