Facebook weighing political ad blackout ahead of election, Bloomberg says » 15:5107/1007/10/20
Facebook weighs imposing…
Facebook weighs imposing ban on political advertisements on its platform in the days leading up to the U.S. election in November, Bloomberg's Kurt Wagner reports, citing people familiar with the company's thinking. The possible blackout is still only in talks and has not yet been finalized, the author notes. An ad blackout could serve as a defense against misleading election-related content spreading broadly right as voters are about to head to the booths, the authors says, noting that there are also concerns that such a halt on ads could harm "get out the vote" campaigns, or limit a candidate's ability to respond to breaking news or new information in a far-reaching manner. Reference Link
Facebook weighing political ad blackout ahead of election, Bloomberg says » 15:1607/1007/10/20
Facebook is considering a…
Morgan Stanley says Twitter subscription would need to be $50/year for breakeven » 08:0107/1007/10/20
WhatsApp now supports more than 50M WhatsApp Business app users » 06:0607/1007/10/20
Facebook audit found valuing free speech impedes civil rights, Vox reports » 06:0007/1007/10/20
On Wednesday, Facebook…
JPMorgan 'somewhat skeptical' of Twitter subscription service » 09:0607/0907/09/20
Twitter shares closed up…
Twitter shares closed up 7% yesterday on a job posting suggesting it is working on subscription and payments products, JPMorgan analyst Doug Anmuth tell investors in a research note. Though the company has since amended the post to remove subscription mentions, shares remained elevated on potential for a new product that would diversify the revenue base, says the analyst. Anmuth believes that historically, Twitter has been opposed to product changes that would alter the open and widely accessible nature of the platform. For that reason he remains "somewhat skeptical" of a subscription launch. However, if Twitter does develop subscriptions, the company could take two forms: a distribution platform for paid professional media and content, and a subscription service that puts top thought leaders and heavy tweeters behind a paywall, according to Anmuth.
Notable open interest changes for July 9th » 08:5507/0907/09/20
NIO, BABA, TWTR, X
Wednesday's total option volume of 27.3 million contracts resulted in net open interest growth of 3.48 million calls and 2.90 million puts. NIO (NIO), Alibaba (BABA), Twitter (TWTR) and US Steel (X) saw the greatest growth. Top five new positions opened include 44k US Steel (X) Jul-20 6 puts, 39k Snap Inc. (SNAP) Jul-20 23.5 calls, 26k US Steel (X) Jul-20 5.5 puts, 23k AT&T (T) 7/10 weekly 30.5 calls and 20k Bank of America (BAC) Jul-20 23.5 calls.
Pinterest price target raised to $31 from $26 at Wedbush » 08:1507/0907/09/20
PINS, FB, AMZN, GOOG, GOOGL
Wedbush analyst Ygal…
Wedbush analyst Ygal Arounian raised the firm's price target on Pinterest (PINS) to $31 from $26 and keeps an Outperform rating on the shares. With key advertisers pulling back spend temporarily on Facebook (FB), there is a real opportunity for other platforms to take some wallet share, but at the same time, given the macro challenges many advertisers are also less willing to experiment than they typically do. For Pinterest specifically, its over-exposure to the verticals that are doing relatively better should be a benefit in the near-term, Arounian contends. The analyst continues to believe that native checkout in Pinterest would be a powerful tool. That said, Amazon (AMZN) has significant control over the overall e-commerce advertising landscape as well, and Google (GOOG) Shopping is also aiming to keep or grow its own share.
Twitter shares overreacted to paid service potential, says Citi » 07:0107/0907/09/20
Twitter shares rose 7%…
Twitter shares rose 7% yesterday on reports that the company may launch a paid subscription service based on a recent job listing, Citi analyst Jason Bazinet tells investors in a research note. While a subscription service makes sense, there are many unknowns, including will the service have ads and how much will Twitter charge, says the analyst. Bazinet points out that one consumer survey shows that ~10% of respondents are willing to pay for a $5 per month subscription plan without ads and deeper analytic services, while the vast majority are not willing to pay for the subscription option. The analyst assumes the potential subscription services would launch globally with international pricing at $20 per year and U.S. pricing at $60 a year. He also assumes 5% penetration for a base case and 10% for a bull case and that the service has ads. At the assumed price points, if Twitter launched the services without ads, the incremental revenue contribution "would be limited," contends Bazinet. He believes yesterday's rally largely reflects the base case impact. "This seems premature to us. But, this isn't the only Internet stock that has over-reacted to news items in recent weeks," wrote Bazinet, who keeps a Neutral rating on Twitter.
Facebook removes four networks for violating policy against CIB » 17:5807/0807/08/20
Facebook said on…
Facebook said on Wednesday that it removed four separate networks for violating its policy against foreign interference and coordinated inauthentic behavior. These networks originated in Canada and Ecuador, Brazil, Ukraine, and the United States. The company removed 41 Facebook accounts, 77 Pages, and 56 Instagram accounts for violating its policy against foreign interference which is coordinated inauthentic behavior on behalf of a foreign or government entity. This activity originated in Canada and Ecuador and focused on El Salvador, Argentina, Uruguay, Venezuela, Ecuador, and Chile. In addition, Facebook also removed 35 Facebook accounts, 14 Pages, 1 Group and 38 Instagram accounts that were involved in coordinated inauthentic behavior in Brazil. This network focused on domestic audiences. "We found this activity as part of our investigation into suspected coordinated inauthentic behavior in Brazil reported on by press and referenced in recent congressional testimony in Brazil," the company said. "Although the people behind this activity attempted to conceal their identities and coordination, our investigation found links to individuals associated with the Social Liberal Party and some of the employees of the offices of Anderson Moraes, Alana Passos, Eduardo Bolsonaro, Flavio Bolsonaro and Jair Bolsonaro." Facebook also removed 72 Facebook accounts, 35 Pages, and 13 Instagram accounts that were involved in coordinated inauthentic behavior in Ukraine. This network focused on domestic audiences. Finally, the company removed 54 Facebook accounts, 50 Pages, and 4 Instagram accounts that were involved in coordinated inauthentic behavior in the United States. This network focused on domestic audiences. Reference Link