Facebook (NASDAQ FB) is a leader in the social networking market segment by a mile. All over the world, Facebook hsa been easily beating competition, to come first in this segment. It is more popular among the users in USA and India, while elsewhere it still impresses with its numbers. However, it still faces a ban in countries like China. Russia may well be joining the same class, if the recent rumours are to be believed.
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 might react in the coming days. The stock has been steady and not a lot of market news has been around Facebook.
We will however look at one particular piece of news which may have some impact on the FB stock. This news would relate to Facebook’s ambitions in Russia.
Facebook Inc: Russia Planning a Huge Ban!
Russia has a law related to bloging. According to the news sources in Russia, such laws may lead to a fine or a Ban of popular websites like Google and Facebook. Russia has a huge share of internet users and therefore a ban would be a hefty penalty for either of the two companies.
Russian official have reportedly said that according to the laws, Authorities had been wanting information regarding the users who visit these websites along with specific numbers. Since Facebook and Google have refused to divulge any such information, they might be in for a penalty.
Facebook Inc (NASDAQ FB) Business News
Facebook (NASDAQ FB) is currently trading at levels just short of the $50 mark. This is way better than the levels of $40-44 where it found itself a month ago. Moreover, the stock still has a BUY rating from a lot of analysts and therefore overall the stock looks healthy. Stay tuned for more updates on the Facebook (NASDAQ FB) stock.
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