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FB

Facebook

$134.76

2.285 (1.72%)

17:42
11/21/18
11/21
17:42
11/21/18
17:42

Facebook says it asked Definers to do work on Soros, competitors

Facebook said in a blog post that yesterday outgoing Head of Communications and Policy Elliot Schrage shared more detail with the company's employees about the work it did with Definers, a Washington, DC PR firm. "We hired Definers in 2017 as part of our efforts to diversify our DC advisors after the election," Facebook said. "Like many companies, we needed to broaden our outreach. We also faced growing pressure from competitors in tech, telcos and media companies that want government to regulate us. This pressure became particularly acute in September 2017 after we released details of Russian interference on our service. We hired firms associated with both Republicans and Democrats - Definers was one of the Republican-affiliated firms. While we're continuing to review our relationship with Definers, we know the following: We asked Definers to do what public relations firms typically do to support a company - sending us press clippings, conducting research, writing messaging documents, and reaching out to reporters. Some of this work is being characterized as opposition research, but I believe it would be irresponsible and unprofessional for us not to understand the backgrounds and potential conflicts of interest of our critics. This work can be used internally to inform our messaging and where appropriate it can be shared with reporters. This work is also useful to help respond to unfair claims where Facebook has been singled out for criticism, and to positively distinguish us from competitors. As the pressure on Facebook built throughout the year, the Communications team used Definers more and more. At Sheryl's request, we're going through all the work they did, but we have learned that as the engagement expanded, more people worked with them on more projects and the relationship was less centrally managed." Facebook said it did ask Definers to do work on George Soros, saying it wanted to determine if Soros had any financial motivation to call the company a "menace to society." The company added that it did ask Definers to do work on its competitors, though it did not ask them to create or distribute fake news. "Responsibility for these decisions rests with leadership of the Communications team," Schrage said. "That's me. Mark and Sheryl relied on me to manage this without controversy." "Mark has asked us to reevaluate how we work with communications consultants. It's not about Definers. It is about us, not them," Schrage added. Reference Link

  • 28

    Nov

FB Facebook
$134.76

2.285 (1.72%)

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.
11/16/18
STFL
11/16/18
NO CHANGE
STFL
Buy
Facebook path to rebuild credibility 'long and difficult,' says Stifel
Stifel analyst Scott Devitt said the probability of change at the top of Facebook is low, given that Mark Zuckerberg controls the majority of Facebook voting power, but Devitt believes the "campaign trail to rebuild credibility will be long and difficult" following the recent critical articles in The New York Times and Wall Street Journal. Facebook's board and management could accelerate the credibility rebuild by considering making a or changes at the top, which Devitt thinks would be viewed positively "by the vast majority of constituents." The analyst maintains a Buy rating on Facebook shares.

TODAY'S FREE FLY STORIES

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Kraton

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Hersha Hospitality

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Cars.com

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VERI

Veritone

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NGVT

Ingevity

$86.46

1.31 (1.54%)

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FUL

H.B. Fuller

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-0.36 (-0.86%)

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EMN

Eastman Chemical

$72.77

-0.36 (-0.49%)

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DSW

DSW

$23.04

-1.19 (-4.91%)

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  • 11

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CE

Celanese

$89.79

-1.445 (-1.58%)

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ASIX

AdvanSix

$25.33

0.18 (0.72%)

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GWW

Grainger

$285.60

-3.88 (-1.34%)

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NFLX

Netflix

$269.80

4.66 (1.76%)

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VIVHY

Vivendi

$0.00

(0.00%)

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GOOG

Alphabet

$1,040.02

3.5 (0.34%)

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Alphabet Class A

$1,052.80

5.81 (0.55%)

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Human rights orgs urge Google to not launch censored app in China, Verge says »

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Alphabet

$1,040.02

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ASNA

Ascena Retail

$2.73

-0.28 (-9.30%)

, ASPU

Aspen Group

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Ascena Retail

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ASPU

Aspen Group

$5.66

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CARS

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$23.94

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TROX

Tronox

$7.05

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CR

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$78.23

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SFIX

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$25.92

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CASY

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NX

Quanex

$14.05

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CAMP

CalAmp

$17.02

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RARX

RA Pharmaceuticals

$17.58

1.13 (6.87%)

SAEX

SAExploration

$3.33

-0.11 (-3.20%)

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  • 10

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TROX

Tronox

$7.05

-0.25 (-3.42%)

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Tronox CEO discloses purchase of 25K shares of common stock »

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ALGT

Allegiant Travel

$124.89

-1.45 (-1.15%)

18:37
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SPLK

Splunk

$108.55

2.85 (2.70%)

18:27
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Splunk CEO says customers can now talk via voice-enabled assistants, CNBC says »

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  • 10

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EFC

Ellington Financial

$15.57

0.01 (0.06%)

18:22
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NTDOY

Nintendo

$0.00

(0.00%)

18:22
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GOOG

Alphabet

$1,040.02

3.5 (0.34%)

, GOOGL

Alphabet Class A

$1,052.80

5.81 (0.55%)

18:15
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$1,040.02

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  • 11

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