Facebook (NASDAQ FB) has come in news yet again. This time it is not for the best reasons. The social networking giants are now going to be under the inspection of security regulators in Philippines. The regulators there would be looking into the FB chats for any irregularity in the performance of the markets. They will be looking for Market manipulation and ponzi schemes which may well have had a bad impact on the market.
Here in this article, we will take a closer look at the Facebook (NASDAQ FB) stock. It would be interesting to see how the stock has been performing for the past year along with the levels which Analysts have been expecting for the stock. We will also look at some of the latest news related with Facebook (NASDAQ FB) including this insider trading probe through FB Chats in Philippines.
Facebook Inc: Insider Trading
Facebook Chats will be looked into by the Philippines authorities. This is the latest attempt from the authorities to keep the market clean for Insider trading and market manipulation. They would also be looking into Tweets from people all over Philippines.
Facebook (NASDAQ FB) and Twitter (NASDAQ TWTR) have been actively used by Traders from all over the Philippines and therefore it would only be prudent for the investigators to look into them. As for the privacy aspect, despite Facebook’s repeated comments, they might yet again come under scrutiny for no reason of their own.
Facebook Inc (NASDAQ FB) Business News
Facebook (NASDAQ FB) has been a good stock for the past year. The stock has been around the levels of $46-47. It is still below the $50 mark but it is expected to surpass the levels. It would be interesting to see if that can still happen. Stay tuned for further updates.
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