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Added on the 08/01/2019 16:03:12 - Copyright : Wochit
Andrew Harnik/AP FB Facebook-A 276.67 -0.63 (-0.23 %) Disclaimer Get real-time FB charts here " The Federal Trade Commission and attorneys general from 46 states, plus DC and Guam, both filed lawsuits against Facebook on Wednesday. Both suits allege that Facebook broke anti-trust laws and participated in monopolistic behavior by acquiring Instagram and WhatsApp. "Facebook has, for many years, continued to engage in a course of anticompetitive conduct with the aim of suppressing, neutralizing, and deterring serious competitive threats to Facebook," the FTC's suit alleged.
Facebook's US and Canada daily user base dropped to 196 million for the third quarter,. This is compared to 198 million for the second quarter, the company said in its earnings release. Facebook's monthly active users also dropped, by one million, down to 255 million. "As expected... we saw Facebook DAUs and MAUs in the US & Canada decline slightly from the second quarter 2020 levels which were elevated due to the impact of the COVID-19 pandemic," CFO Dave Wehner. Many Facebooks users are moving towards Instagram and Tiktok.
On Wednesday, Netflix sank as much as 6%. The dip came after Netflix missed expectations for third-quarter subscriber growth and profits. The streaming titan added 2.2 million subscribers over the three-month period, less than Wall Street's 3.3 million estimate. According to Business Insider, Netflix revenue beat expectations, earnings per share of $1.74 missed the $2.13 Street estimate. The stock tumble saw as much as $13.9 billion erased from Netflix's market cap.
YouTube are to switch around their front page to stop the spread of fake coronavirus news.
Prince Harry told pranksters he felt "completely separate" from most of the royal family after twice being tricked into thinking he was speaking to Greta Thunberg and her dad on the phone.