Facebook, Inc. Common Stock (FB) stock is trading at $167.82 as of 12:13 PM on Monday, Apr 1, a rise of $1.13, or 0.68% from the previous closing price of $166.69.
Facebook founder and CEO Mark Zuckerberg published an editorial over the weekend calling for regulations on Facebook and other internet companies. Zuckerberg identified four areas where he believes standards should be created and enforced by regulators: restrictions on harmful content, election protections, privacy and data protection, and data portability.
Facebook has been criticized in the past for failures in each of the areas that Zuckerberg identified. This new call for regulation seems to be a request for governments to make rules for Facebook to follow, and an admission that Facebook is unwilling or unable to create and enforce its own standards.
Regulations of the type Zuckerberg is calling for would also create something of a “regulatory moat” around Facebook, making it more expensive for potential competitors to get started.
The stock has traded between $167.28 and $168.90 so far today. Volume today is light. So far 4,510,480 shares have traded compared to average volume of 17,253,078 shares.
Meanwhile, the major indices are higher. The Dow Jones Industrial Average is higher by 0.96%. The NASDAQ is higher by 0.87%. The S&P 500 has gained 0.85%.
Stock Score Report, InvestorsObserver’s proprietary scoring system, gives FB stock a score of 64 out of a possible 100. That score is based on three component scores. A fundamental score of 82, a long-term technical score of 54 and a short-term technical score of 55. Our proprietary system combines short and long-term technical factors, Wall Street’s opinion, and other fundamental factors into an overall score that measures a stock’s suitability for investment.