Is Facebook a publisher? In public it says no, but in court it says yes

As it stated in A lot of people think Netflix and Facebook are overvalued growth stocks, but not longtime value investor Bill Nygren. Nygren said Thursday he thinks investors could be missing out on two big value plays if they just look at their price-to-earnings multiples, which are widely followed measures of stock valuations. Facebook, on next year's earnings estimates, is barely at a market multiple," Oakmark's Nygren told CNBC's "Halftime Report.""We (also) own Netflix. Netflix is adding 20 million subscribers this year that we believe are worth $1,000 per subscriber," Nygren added. "If you think about the market cap relative to the value that they're adding, it's about 11 times.

Is Facebook a publisher? In public it says no, but in court it says yes

Facebook has long had the same public response when questioned about its disruption of the news industry: it is a tech platform, not a publisher or a media company. Facebook, meanwhile, is arguing that its decisions about "what not to publish" should be protected because it is a "publisher". In court, Sonal Mehta, a lawyer for Facebook, even drew comparison with traditional media: "The publisher discretion is a free speech right irrespective of what technological means is used. David Godkin, an attorney for Six4Three, later responded: "For years, Facebook has been saying publicly that it's not a media company. In court filings, Facebook quoted the law saying providers of a "computer service" should not be "treated as the publisher" of information from others.

Buy Facebook and Alphabet shares because 'regulation will make them stronger,' analyst says

as informed in A new wave of federal regulation across the technology industry will ultimately strengthen two of the globe's biggest internet and social media companies: Facebook and Google-parent Alphabet. "We draw comparisons to the financial services sector post Dodd-Frank, where there has been a clear decline in new banks formed as regulation created higher barriers to entry," analyst Mark Kelley wrote. The analyst set a 12-month price target of $228 for Facebook (representing 12 percent upside from Tuesday's close) and a $1,400 target for Alphabet (representing nearly 20 percent upside from Tuesday's close). Facebook, though up only 8.4 percent over the last six months, is 22.3 percent higher over the last three. "Near-term engagement remains steady following Cambridge; more regulation would likely make Facebook stronger."Despite the new buy rating, shares of both Facebook and Alphabet fell in premarket trading Wednesday as the broader market prepared to slide in the wake of President Donald Trump's latest tariff announcement against China.

collected by :Roy Mark