Connect with us


Facebook (FB) Investors Suggests Board “Unfriend” Zuckerberg

Daniel Chase




As a fellow brother of the Alpha Epsilon Pi Fraternity, I feel a somewhat brotherly connection to Mark Zuckerberg, Founder, and CEO of Facebook (FB). Sure we never drank brews together or stayed up late in the Harvard University library working on term papers, but no one can say that we’re not brothers. 

It is for this reason that I found myself upset that several state officials who manage public funds with holdings in Facebook (FB) are working on convincing the massive social network’s board to kick Zuckerberg out. 

Early Wednesday morning, state treasurers from Rhode Island, Illinois, and Pennsylvania, as well as the New York City comptroller, signed a shareholder proposal asking Facebook’s board of directors to make the role of board chair an independent position. In frat bro terms, Zuck is no longer welcome at the house. 

It is important to note that the proposal is like the adoption of a constellation or the enjoyment of kale salad; mostly symbolic. Any cinephile worth their weight in popcorn knows that in the movie, “The Social Network,” a film based on the founding of Facebook, Zuckerberg retains his majority shares of the company, despite diluting the shares of a very angry Eduardo Saverin. 

Bravo, Andrew Garfield. 

Zuckerberg holds absolute control of the board, with ownership of 28.2% of Facebook’s B shares. Sources suggest Zuck’s stake is worth just under $24 billion. In fact, his stock is worth nearly 10 times more voting power than a normal share, so proposals or not, Mark has final say. 

Still, the move by government officials to ouster Zuckerberg represents a growing mistrust in the young chairman. In September, Facebook reveled that hackers breached the network’s security framework and millions of users had their information, including phone numbers, emails, and locations, compromised. According to Facebook, the cyber attackers stolen “access tokens” — digital keys that allow access to user accounts without a password. In addition to phone numbers and emails, the attackers gained access to user birthdates, hometowns, workplaces, as well as their most recent searches. 

As questions surrounding corporate oversight emerge, Zuckerberg’s ability to lead comes into question. 

“We need Facebook’s insular boardroom to make a serious commitment to addressing real risks — repetitional, regulatory, and the risk to our democracy — that impact the company, its shareholders, and ultimately the hard-earned pensions of thousands of New York City workers. ”

Scott Stringer New York City Comptroller

Stringer continued to stress the essentiality of an independent board chair for Facebook, insisting that this is the only way to “reestablish trust with Americans and investors alike.” 

Market analysts share in Stringer’s frustration and are instructing tech investors to avoid Facebook (FB) at all costs. Exponential ETFs chief executive Phil Bak told CNN Business’ weekly Markets Now live show that “investors aren’t getting their money’s worth.” On Wednesday, Bak said the company’s rush to repair its privacy and security debacles from the last few months comes “at the expense of growth.” 

Investors are considering leaving the Facebook (FB) party early, given that the company’s stock opened at $150.13 on Thursday, down more than 30% from where it was in July. Facebook stock has been holding on for dear life following the events of the Cambridge Analytica data scandal. Despite Mark Zuckerberg’s testimony delivered in front of the U.S. Senate judiciary committee, as well as major adjustments to the platform’s privacy setting, Facebook has yet to calm the nerves of investors. 

“For the first time, we’ve heard some grumblings from the advertiser community that the hot water that Facebook (FB) is in politically is creating some hesitation on budget allocations.”

 Ross Sandler, Analyst Barclays (from CNN) 

With mistrust in the air, Facebook (FB) released Portal, a video phone that runs on Facebook (FB) Messenger, in hopes of reigniting the excitement surrounding the social network in the tech industry. Ironically enough, while Facebook initially claimed that no data would be collected through the new device, “even call log data or app usage data,” the company has since changed its answer. 

The official statement from the company explains that Portal voice calling uses the same infrastructure as their Messenger application, so “when you make a video call on Portal, we collect the same types of information” collected on other Messenger-enabled devices. The company then admits that “other general usage data, such as aggregate usage of apps, etc., may also feed into the information that we use to serve ads.” 

Yikes, Facebook…

As far as Zuckerberg’s career as chairman of Facebook, one can assume that his majority stake will keep him safe for the time being. My suggestion to you Mark, as my brother, is when your company is in hot water because of security breaches and data complications, don’t introduce a new piece of technology that may have the same issues you’re currently fighting off. 

Just a suggestion, bro. 

Continue Reading
Click to comment


Blackberry Stock Price Corrects 23% In A Month, A Value Buy?

Jon Phillip



blackberry stock price

There was a time when BlackBerry Limited (BB) used to be one of the leaders of the telecommunication industry by virtue of its smartphones. However, the company’s glory days are well in the past and the stock declined by more than 15% recently after it released its results for Q1 2019. The stock is now trading less than $8 but at the same time, it is important to note that the company has managed to deliver as far as its top-line figures are concerned.

Poor Earnings Lower Blackberry Stock Price

The software and services division is now the company’s most important division. It has emerged as the biggest revenue generator for the Canadian company. Overall sales for Blackberry rose 16% year over year in the latest reported quarter.

Special Report | On-Demand Tech Companies Hit Billion-Dollar Valuations; Here’s How Investors Can Capitalize In The Market

However, in the software and services, it was a far more pleasing picture. Its GAAP revenues rose 27% year over year. The company seems to be on the right track in terms of its plan to turn around. But the market doesn’t seem to take a fancy to it. The reasons behind this might have something to do with allegations made by certain parties.

They say that the company uses non-GAAP methods to report earnings. If there is any kind of accounting cloud over a company, growth may be far away.

Where Does This Leave Blackberry Stock Price?

However, Blackberry has been quick to defend itself against these allegations. Financial disclosures of the company are fully SEC compliant. It remains to be seen whether the SEC takes an interest in the matter.

This problem has been the biggest reason behind the underperformance of Blackberry stock price. That’s despite the company’s decent performance. The acquisition of machine learning company Cyclane is also a positive development. But it remains to be seen how it affects Blackberry’s future growth.

Continue Reading


Uber Technologies (UBER) Stock Price Hits $45 Mark Again; Are Delivery Stocks Set To Fly?

A. Lawrence



Uber Technologies (UBER) stock price hit its IPO level of $45 again. Since its IPO, this becomes the fourth time that the company has hit its $45 mark. Each time it has been a real challenge for the company to rise above the IPO price.

Uber has made its name through its market dominance however it’s growth continues to be slow-paced and also has continuous losses, making Uber less attractive to many. However, the thing that Uber has done is bring more attention to the on-demand and delivery stock arena.

Special Delivery: Small-Cap Delivery Stocks Are Gaining Ground In Cannabis

Driven Deliveries Inc. (OTC: DRVD) is one of the only publicly traded cannabis delivery service operating in the United States. Now that’s what we call first-mover advantage. Driven Deliveries provides on-demand marijuana delivery in select cities where allowed by law. The service provides the legal cannabis consumer the ability to purchase and receive their marijuana in a fast and convenient manner.

>>Read More>> Two Massive Growth Industries, One Choice for Investors

Consumers are growing increasingly lazy with most of all purchases from retail to food shopping being done online. And now you can add weed to that list. Driven Deliveries (OTC: DRVD) is quickly gaining steam in legal US markets as the new delivery option for customers is resulting in increased revenue and transactions for dispensaries.

Food delivery apps and services such as GrubHub and Uber Eats have already expanded revenue generated in the food-service industry by 22% or more. Consumers love getting what they want without having to leave their house to get it, plain and simple.  

In Spite Of Being A Broken IPO, Still Worth An Investment

Cannabis is just one small niche expanding into the on-demand technology market. Uber has always managed to capture the headlines. This week it did that by launching itself in the sixth German city, Hamburg. The company further has plans to acquire Postmates which gives UberEats a heavy competition provided the price is right.

McDonald’s exclusivity with Uber also came to an end this year with the former getting into a contract with DoorDash. The company is set to report its financial results for Q2 on August 8. Uber had given accounts of its earlier performance through the prospectus issued during the IPO.

UBER stock price has been trading at $40 range since June. But, the figure is likely to change in the coming future for better. Uber has been able to disrupt various markets like those of food delivery, personal mobility, and freight logistics. In Q1 results, the company had reported 93 million monthly active platform consumers.

The revenue of the company has been on a slow rise especially on a net basis. The company sends a major portion of the money received to its drivers to keep them encouraged and active. This is a move that is not going away anytime soon. The deep deficits could also prove to be advantageous for the company.

Even though Uber looks like a broken IPO, it still leads in its industry. The concerns with the valuation persist still for good reasons. Uber continues to ride at a market cap which is five times the current year’s revenue. But, one would have to wait till 2025 to see a positive earning in the growing market.

Uber stock price
Disclaimer: Pursuant to an agreement between MIDAM VENTURES, LLC and a third party, Data Marketing Solutions Inc., Midam was hired for a period from 04/22/2019 – 5/22/2019 to publicly disseminate information about Driven Deliveries Inc. including on the Website and other media including Facebook and Twitter. We were paid $50,000 (CASH) for & were paid “0” shares of restricted common shares. Midam has been paid an additional $50,000 and extended its contract to 6/15/2019. Midam has been paid an additional $50,000 and extended its contract to 7/15/2019. We may buy or sell additional shares of Driven Deliveries Inc. Inc. in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information.

Continue Reading


Stock Price Friday Update – July 19, 2019

Joe Samuel



stock market news July

ROKU Stock Price Hits Another Life Time High: Good News For Tech Stocks?

In 2019 alone, ROKU stock has risen by as much as 271% as the company continued to add new customers and boosted revenues from advertising. However, could the latest surge be a signal for the next bull market in tech?

See For Yourself

3 Biotech Stocks To Watch After Big News This Month

Here is a look at 3 biotechnology stocks that proved to be winners recently.

Click Here To Read More

IPO News: Medallia Goes Public On Friday, July 19

Over 14 million shares of the company will be available to be traded at $16 to $18 per share on NYSE. And of course, investors will be watching MDAL stock price closely. Bank of America Merrill Lynch, Citigroup, and Wells Fargo Securities will oversee the IPO.

Click Here For Full Article

Continue Reading

Join Our Newsletter

Get stock alerts, news & trending stock alerts straight to your inbox!

We keep all user information pricate & promise to never spam.*

Privacy Policy

Search Stock Price (


Subscribe Now & Begin Receiving Free Stocks News, Articles, Trade Alerts & MORE, all 100% FREE!

We are your #1 source for all things Stock Market & Finance, Subscribe Below!

Privacy Policy: We will NEVER share, sell, barter, etc. any of our subscribers information for any reason ever! By subscribing you agree we can send you via email our free e-newsletter on stock market & finance related, articles, news and trade alerts. Further questions please contact