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Thread: JP Morgan cuts Facebook estimates, price target due to rising 'safety and security' spending

  1. #1

    JP Morgan cuts Facebook estimates, price target due to rising 'safety and security' spending

    The firm lowered its price target to $195 from $205 for Facebook shares. J.P. Morgan also reduced its 2019 earnings estimate for the company due to higher expense spending.


    https://www.cnbc.com/2018

    Now Facebook shares price is $152 and it will never go down and not up.



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  3. #2
    FBI investigating as Facebook says hackers accessed data of 29 million users

    Facebook has admitted that hackers accessed the data of 29 million users on the social network by using people's friends lists to steal access tokens. The FBI is currently investigating. The social network addressed the September attack on Friday, saying in a statement that it is cooperating with the FBI, which is "actively investigating."

    Facebook added that the bureau has asked it not to discuss who may be behind the attack. When the social network first disclosed the hack two weeks ago, company officials said they didn't know who was behind it or where they might be based. It explained that 50 million people's access tokens are believed to have been affected, and that 30 million of those actually had their tokens stolen.

    https://www.rt.com/usa/



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