Home  »  Trendy Stocks   »  Facebook, Inc. (FB) Stock Steadily Declining in Pr...

Facebook, Inc. (FB) Stock Steadily Declining in Premarket, Here’s the Reason

Facebook, Inc. (FB), a company that develops products that enable people to connect and share with friends and family, has declined 3.73% in the premarket trading session. As a result, FB is trading at $329.12 at the time of the writing. Numerous factors are behind this decline, like reports about the possible name change, the rise of former President Donald Trump’s related Truth Social App etc. On Thursday, FB closed the day at $341.88 after increasing 0.32% during the regular trading session. Let’s discuss some recent developments related to FB.

Do You Own These 7 Inflation-Survival Stocks?

Inflation is still near 40-year highs and rising prices are putting a big dent in our wallets. Unless you find out how to protect your portfolio and outpace inflation, you'll keep being at the mercy of economic factors out of your control. Especially since the price of electricity, food, and shelter are creeping up higher than ever. In this special report, I detail 7 stocks to help you survive and thrive in today's market. They're backed by solid companies, positioned to profit during tough economic times, and offer out-sized dividends to help you outpace inflation.

Click here to get your free copy of the report

Sponsored

FB copyright agreement with APIG

On Thursday, FB announced that it had signed a preliminary copyright agreement with a French News Publisher’s lobby group. The agreement paved the way for the company to pay for news content on its platform in France. The accord followed months of talks with Alliance de la Presse information generale (APIG), which is a lobby representing the leading dailies. The deal lists the principles of accord and copyright fees due to each of its members. The accord takes the form of a term sheet which would be followed by a framework agreement that would allow APIG’s members to sign individual licenses with Facebook.

Q2 2021 financial highlights

On 29th July 2021, FB reported the financial results for the second quarter of the fiscal year 2021 which ended on 30th June. The company had cash and cash equivalents of $16.18 billion on 30th June. The total assets in possession of the company at the time were $170.60 billion, while the total liabilities were $32.38 billion. The company generated total revenue of $29.07 billion during the quarter against $18.68 billion for the same period of 2020. The total costs and expenses for the period were $16.71 billion for the period against $12.72 billion for the same period of 2020. The company generated an income of $12.36 billion from the shares against $5.96 billion for the same period of 2020. The net income generated by the company during the period was $10.39 billion against $5.17 billion for the same period of 2020. The net earnings per basic and diluted share during the quarter were $3.67 and $3.61 against $1.82 and $1.80 respectively for the same period of 2020.

What’s ahead for FB?

FB stock has declined more than 7% during the last three months, mainly on the back of ongoing investigations on allegations of securities fraud. Besides, recent issues like privacy breaches have also weakened the stock to an extent. But being a social media giant, FB is expected to show tremendous performance in the future to come. 

Leave a Comment

Your email address will not be published. Required fields are marked *

Related Posts

385

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

The 5 Best Inflation Stocks for 2022

100% free. stop anytime no spam

Get our free report on the stocks that we recommend for investors who want to protect their portfolios from inflation.

Receive Best Stock To Trade Before The Opening Bell

 

 

100% Free. Stop Anytime. No Spam