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Facebook

$142.51

0.99 (0.70%)

15:11
11/13/18
11/13
15:11
11/13/18
15:11

Facebook took down 141 accounts following FBI tip

Facebook said that last week's account takedown's were a "good example" of how the company has worked closely with government, the security community and other tech companies. "On November 4, the FBI tipped us off about online activity that they believed was linked to foreign entities," the social media giant said. "Based on this tip, we quickly identified a set of accounts that appeared to be engaged in coordinated inauthentic behavior, which is banned on Facebook because we want people to be able to trust the connections they make on our services. So we immediately blocked these accounts, and given the timing just before the US midterm elections, publicly announced what we found and the action we were taking. We also shared that information with the government and other companies to help them with their own investigations." Combined with its takedown last Monday, in total Facebook has removed 36 Facebook accounts, 6 Pages, and 99 Instagram accounts for coordinated inauthentic behavior. These accounts were mostly created after mid-2017, apart from a few outliers. The company found a total of about 1.25M followers of at least one of these Instagram accounts, with just over 600,000 located in the US. By comparison, the recent set of accounts that it removed which originated from Iran had around 1M followers. The company didn't find any Facebook events. Facebook found a total of about 65,000 followers of at least one of the Facebook Pages, which contained posts almost exclusively in French. About 60 followers were located in the US. There was about $4,500 in ad spend from these Pages, and none of the ads ran in the US. Facebook said it didn't find any ad spend on Instagram, and these accounts seem to have mostly been in English. "Ultimately, this effort may have been connected to the IRA, but we aren't best placed to say definitively whether that is the case," Facebook added. "As multiple independent experts have pointed out, trolls have an incentive to claim that their activities are more widespread and influential than may be the case. That appears to be true here as well."

  • 28

    Nov

FB Facebook
$142.51

0.99 (0.70%)

10/31/18
BMOC
10/31/18
NO CHANGE
Target $175
BMOC
Market Perform
Facebook price target lowered to $175 from $190 at BMO Capital
BMO Capital analyst Daniel Salmon lowered his price target on Facebook to $175 and kept his Market Perform rating after its Q3 results and outlook, saying the company's 2019 expense growth guidance also lowers his FY19 EPS view to $7.53 from $8.25. The analyst notes however that the acceleration of Facebook's Stories feature could support a "more positive view" as he awaits more data points and channel check findings.
11/08/18
DADA
11/08/18
NO CHANGE
Target $42
DADA
Buy
Applied Optoelectronics price target raised to $42 from $36 at DA Davidson
DA Davidson analyst Mark Kelleher raised his price target on Applied Optoelectronics (AAOI) to $42 and kept his Buy rating after its Q3 results, saying that despite the earnings shortfall, the company remains among the "leading providers of optical networking technology to the datacenter and cable TV markets". The analyst notes that the company had already negatively preannounced Q3 on sales impact from the issue found with a small percentage of its 25G lasers, but that issue had been resolved and shipments to the impacted customer - Facebook (FB) - have resumed.
11/13/18
OPCO
11/13/18
NO CHANGE
Target $16
OPCO
Outperform
EverQuote price target lowered to $16 from $23 at Oppenheimer
Oppenheimer analyst Jason Helfstein lowered his price target for EverQuote (EVER) to $16 from $23 after management lowered 2018 VMM guidance 5% on less effective traffic conversion from creative advertisement fatigue, adjusting to new Facebook (FB) ad policies, and pushing higher volumes to providers in lower seasonal period. The analyst reiterates an Outperform rating on EverQuote on favorable risk/reward for long-term opportunity to penetrate $9B insurance advertising market.
11/13/18
ADAM
11/13/18
NO CHANGE
Target $18
ADAM
Buy
EverQuote price target lowered to $18 from $23 at Canaccord
Canaccord analyst Michael Graham lowered his price target on EverQuote (EVER) to $18 from $23 following in line Q3 results. The company said quote requests declined from the revamp of its ad units in the face of policy changes at Facebook (FB) along with the crowding out from political ads. Management said they see the same circumstances affecting business so far in Q4. Graham maintained his Buy rating on EverQuote shares.

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