Facebook (FB) has recently published its ‘Global Government Requests Report’, wherein the company addresses information requests from the US and other world governments. The report showed that nearly half of the 25,000 requests came from the US Govt., in relation to crimes like kidnapping and robberies. The US government requests were at least 4x times more than the request placed by any other country.
On a negative note, the bears came calling on the street yesterday. Facebook was amongst the top decliners with a decline of 4.11% to $39.64. Insiders Sheryl Sandberg offloaded Facebook shares worth $6.8 million, and David Ebersman worth $8 million, capitalizing on Facebook’s new peaks. Other prominent tech stocks like Apple (AAPL), Netflix (NFLX), Google (GOOGL), etc. also took a dip joining hands with a broader market decline.
View our FB stock analysis.
Facebook stock price chart
Source: Facebook stock chart by Amigobulls
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