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FB

Facebook

$152.35

-1.01 (-0.66%)

12:43
10/12/18
10/12
12:43
10/12/18
12:43

Facebook says 30M actually had tokens stolen in recent cybersecurity breach

Facebook in a blog post that it is sharing details about the recent security breach, noting that it has not ruled out the possibility of smaller-scale attacks, which it is continuing to investigate. The company noted that it saw an unusual spike of activity that began on September 14, 2018, and started an investigation. "On September 25, we determined this was actually an attack and identified the vulnerability," Facebook said. "Within two days, we closed the vulnerability, stopped the attack, and secured people's accounts by restoring the access tokens for people who were potentially exposed. As a precaution, we also turned off "View As." We're cooperating with the FBI, which is actively investigating and asked us not to discuss who may be behind this attack." Of the 50M people whose access tokens the company believed were affected, about 30M actually had their tokens stolen. Facebook said that the attackers already controlled a set of accounts, which were connected to Facebook friends. They used an automated technique to move from account to account so they could steal the access tokens of those friends, and for friends of those friends, and so on, totaling about 400,000 people. In the process, however, this technique automatically loaded those accounts' Facebook profiles, mirroring what these 400,000 people would have seen when looking at their own profiles. That includes posts on their timelines, their lists of friends, Groups they are members of, and the names of recent Messenger conversations. Message content was not available to the attackers, with one exception. If a person in this group was a Page admin whose Page had received a message from someone on Facebook, the content of that message was available to the attackers. The attackers used a portion of these 400,000 people's lists of friends to steal access tokens for about 30M people. For 15M people, attackers accessed two sets of information - name and contact details. For 14M people, the attackers accessed the same two sets of information, as well as other details people had on their profiles. This included username, gender, locale/language, relationship status, religion, hometown, self-reported current city, birthdate, device types used to access Facebook, education, work, the last 10 places they checked into or were tagged in, website, people or Pages they follow, and the 15 most recent searches. For 1M people, the attackers did not access any information. Facebook said that it will send customized messages to the 30Mpeople affected to explain what information the attackers might have accessed, as well as steps they can take to help protect themselves, including from suspicious emails, text messages, or calls. This attack did not include Messenger, Messenger Kids, Instagram, WhatsApp, Oculus, Workplace, Pages, payments, third-party apps, or advertising or developer accounts, the company noted.

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FB Facebook
$152.35

-1.01 (-0.66%)

10/05/18
RHCO
10/05/18
NO CHANGE
RHCO
Buy
AdExchanger data shows Facebook messenger activity 'booming', says SunTrust
SunTrust analyst Youssel Squali writes that the latest data from AdExchanger released on Wednesday suggests that over 10B messages have been exchanged between people and businesses every month, which is a 5-times increase in activity in less than two years. The analyst contends that the monetization of the Messenger platform is in its early days and represents a "massive opportunity" for Facebook. Squali has a Buy rating on Facebook stock, noting that its 10-times expected FY19 EBITDA multiple suggests that investors are pricing in "little-to-none in revenues/EBITDA from the Messenger platform".
10/08/18
FBCO
10/08/18
NO CHANGE
Target $210
FBCO
Outperform
Facebook price target lowered to $210 from $225 at Credit Suisse
Credit Suisse analyst Stephen Ju lowered his price target for Facebook to $210 from $225 as his checks with advertisers are indicating slower than expected ad budget growth as the hard cutoff date of 30 September for access to third party data on platform is negatively affecting eCPMs due to increased friction in the ad-buying process. As management has already offered Q3/Q4 guidance contemplating deceleration, this directionally should not be a surprise with the only remaining question around magnitude, he contends. Nonetheless, Ju notes that these headwinds are ultimately transitory. The analyst reiterates an Outperform rating on the shares.
10/11/18
NOMU
10/11/18
INITIATION
NOMU
Buy
Match Group initiated with a Buy at Nomura Instinet
Nomura Instinet analyst Mark Kelley initiated Match Group (MTCH) with a Buy rating and $66 price target. Kelley sees Match remaining the clear leader in online dating, despite Tinder growth, the evolution of other brands such as OKCupid and PlentyOfFish, and Facebook's (FB) recent entry into dating -- which the analyst is not concerned about. Kelley estimates the global dating market, ex-China, will be $12B by 2020, and conservatively expects Match to comprise 20% of the market at that time.
10/12/18
MSCO
10/12/18
NO CHANGE
Target $175
MSCO
Overweight
Facebook price target lowered to $175 from $185 at Morgan Stanley
Morgan Stanley analyst Brian Nowak said his recent talks with advertisers about Facebook have been mixed and he believes its ad revenue growth is being negatively impacted by lackluster engagement on core Facebook, the reduction in data and targeting capabilities that is impacting advertisers' ROI and continued growth of lower-monetizing Instagram Stories engagement. He lowered his FY19 ad revenue estimate due to these headwinds and raised his 2019 operating expense view, leading Nowak to lower his price target on Facebook shares to $175 from $185. However, he keeps an Overweight rating on the stock, stating that while Facebook is going through challenges, the company has shown an ability to innovate and drive engagement and monetization.

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AMX

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0.44 (0.87%)

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ADTN

Adtran

$18.15

1.08 (6.33%)

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WAFD

Washington Federal

$29.75

0.45 (1.54%)

20:02
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UNH

UnitedHealth

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12.44 (4.79%)

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CDAY

Ceridian

$38.44

1.38 (3.72%)

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HMC

Honda

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0.65 (2.40%)

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Honda Aircraft sees higher light jet deliveries next year, Reuters says »

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VALE

Vale

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VICR

Vicor Corporation

$38.35

1.42 (3.85%)

, NFLX

Netflix

$346.40

13.29 (3.99%)

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Vicor Corporation

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1.42 (3.85%)

NFLX

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$346.40

13.29 (3.99%)

LRCX

Lam Research

$145.33

2.72 (1.91%)

AMAT

Applied Materials

$34.76

1.33 (3.98%)

UAL

United Continental

$83.51

2.17 (2.67%)

FULT

Fulton Financial

$16.39

0.29 (1.80%)

CSX

CSX

$72.15

1.29 (1.82%)

CREE

Cree

$37.56

2.53 (7.22%)

ROKU

Roku

$63.67

1.97 (3.19%)

IBM

IBM

$145.02

3.9 (2.76%)

UFPI

Universal Forest

$34.08

1.27 (3.87%)

SONC

Sonic

$43.27

-0.03 (-0.07%)

EIGR

Eiger BioPharmaceuticals

$10.88

0.63 (6.15%)

SBH

Sally Beauty

$18.91

0.42 (2.27%)

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NFLX

Netflix

$346.40

13.29 (3.99%)

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CBL

CBL & Associates

$3.52

0.085 (2.48%)

, SHLD

Sears

$0.40

0.09 (29.03%)

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CBL

CBL & Associates

$3.52

0.085 (2.48%)

SHLD

Sears

$0.40

0.09 (29.03%)

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VZ

Verizon

$53.68

0.08 (0.15%)

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Verizon says Bay, Gulf counties customers to be credited 3 months of service »

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BMO

Bank of Montreal

$80.19

0.93 (1.17%)

18:09
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Periodicals
Bank of Montreal names Wolford investment banking vice chair, Reuters says »

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SFTBF

SoftBank

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Periodicals
SoftBank COO says 'anxiously' looking at Saudi Arabia situation, Reuters says »

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  • 16

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IBM

IBM

$145.02

3.9 (2.76%)

18:01
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IBM sees growth in cloud overall »

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CELC

Celcuity

$26.90

0.4 (1.51%)

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Puma Biotechnology

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1.17 (2.85%)

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Celcuity

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PBYI

Puma Biotechnology

$42.22

1.17 (2.85%)

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DVN

Devon Energy

$37.08

0.98 (2.71%)

17:51
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Recommendations
Devon Energy analyst commentary at MUFG »

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VIA

Viacom

$36.07

1.11 (3.18%)

, VIAB

Viacom

$32.83

1.05 (3.30%)

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VIA

Viacom

$36.07

1.11 (3.18%)

VIAB

Viacom

$32.83

1.05 (3.30%)

IQ

iQIYI

$25.91

-0.19 (-0.73%)

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BHP

BHP Billiton

$48.48

0.38 (0.79%)

17:38
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Hot Stocks
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UBER

Uber

$0.00

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17:37
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Uber increases junk-bond offering to $2B, Bloomberg says »

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IBM

IBM

$145.02

3.9 (2.76%)

17:32
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Hot Stocks
IBM says growth was led by hybrid cloud, analytics and AI, digital and security »

Says remains on track…

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