FB Stock News: Meta Platforms Inc climbs higher as big tech rebounds during market rally
Premium|Take advantage of 50% OFF on your first month.
Start your subscription and get access to all our original articles.
You have reached your limit of 5 free articles for this month.
Get all exclusive analysis, access our analysis and get Gold and signals alerts
Elevate your trading Journey.
UPGRADE- NASDAQ:FB gained 2.89% during Tuesday’s trading session.
- Russian Instagram influencers find themselves suddenly without employment.
- Facebook is fined in Ireland over a series of 2018 data breaches.
NASDAQ:FB capped off a strong trading day with a surge into the closing bell, as the NASDAQ reported its best trading session in more than a week. Shares of FB added 2.89% and closed the trading day at $192.03. Big tech stocks rallied on Tuesday after yet another bearish start to the week during Monday’s session. Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT) led the way gaining 3.89% and 3.87% respectively, while Apple (NASDAQ:AAPL) and Alphabet (NASDAQ:GOOGL) were also trading higher. Chip makers and EV stocks were also on the rise, as NVIDIA (NASDAQ:NVDA) jumped by 7.70% and Tesla (NASDAQ:TSLA) rose by 4.63% during the session.
Stay up to speed with hot stocks' news!
With Russia’s sudden ban of Meta’s Instagram platform earlier this week, Russian social media influencers suddenly find themselves without a source of income. It has also had a direct effect on Russian small businesses which use Facebook and Instagram and their eCommerce platforms to directly sell products and services to customers. Instagram is a popular platform amongst both entrepreneurs and the general public in Russia, with an estimated 60 million accounts, or about 40% of the population of the entire country.
Facebook stock price
Meta Platforms has also been fined a sum of $18.6 million by the Irish Data Protection Commission over a series of data breaches from 2018. It’s not the first time the Facebook platform has been in the headlines for a data breach, and US big tech companies seem to receive an especially critical eye from European regulators.
Like this article? Help us with some feedback by answering this survey:
- NASDAQ:FB gained 2.89% during Tuesday’s trading session.
- Russian Instagram influencers find themselves suddenly without employment.
- Facebook is fined in Ireland over a series of 2018 data breaches.
NASDAQ:FB capped off a strong trading day with a surge into the closing bell, as the NASDAQ reported its best trading session in more than a week. Shares of FB added 2.89% and closed the trading day at $192.03. Big tech stocks rallied on Tuesday after yet another bearish start to the week during Monday’s session. Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT) led the way gaining 3.89% and 3.87% respectively, while Apple (NASDAQ:AAPL) and Alphabet (NASDAQ:GOOGL) were also trading higher. Chip makers and EV stocks were also on the rise, as NVIDIA (NASDAQ:NVDA) jumped by 7.70% and Tesla (NASDAQ:TSLA) rose by 4.63% during the session.
Stay up to speed with hot stocks' news!
With Russia’s sudden ban of Meta’s Instagram platform earlier this week, Russian social media influencers suddenly find themselves without a source of income. It has also had a direct effect on Russian small businesses which use Facebook and Instagram and their eCommerce platforms to directly sell products and services to customers. Instagram is a popular platform amongst both entrepreneurs and the general public in Russia, with an estimated 60 million accounts, or about 40% of the population of the entire country.
Facebook stock price
Meta Platforms has also been fined a sum of $18.6 million by the Irish Data Protection Commission over a series of data breaches from 2018. It’s not the first time the Facebook platform has been in the headlines for a data breach, and US big tech companies seem to receive an especially critical eye from European regulators.
Like this article? Help us with some feedback by answering this survey:
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.