Facebook Shares

Ad sales, which contribute nearly all of Facebook's revenue, rose 10% to $18.3 billion in the Q2 as people under lockdown spent more time online

Earlier this year, the company said revenue growth rates would decline in the third and fourth quarters, sending shares plummeting

Scandals have damaged the company, but the most pressing problem is that there aren't that many people left to convert- they're all already on Facebook

Of 47 analysts covering Facebook, 43 still rate the stock as "buy", two rate it "hold" and only two rate it "sell"

Amazon shares fell nearly 3 percent to $1,811.66, while shares of Netflix, Alphabet and Apple were flat

the cost of protecting against declines in Facebook shares are at the lowest level since February, before the Cambridge Analytica scandal roiled the stock in March

The company's shares have sunk 16 percent, wiping more than $80 billion from its market value since March 16

Amazon, Apple, Netflix and Alphabet - all part of the so-called FAANG group, along with Facebook - were down between 1 percent and 6.3 percent

Zuckerberg said in September he would sell 35 million to 75 million shares of Facebook over the next 18 months

Wants to address challenges like curing all diseases in their children's lifetime and personalising education for every student

Facebook shares closed at $172.45 on Friday, up nearly 50 per cent this year