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CFOs On the Move: Week Ending March 31
Sysco, Hertz, Upwork, Rolls-Royce, Nikola, FleetCor, Coveo, Cielo
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Lauren Muskett
| March 31, 2023
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CFOs On the Move: Week Ending March 31
Sysco, Hertz, Upwork, Rolls-Royce, Nikola, FleetCor, Coveo, Cielo
By
Lauren Muskett
| March 31, 2023
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Mark Zuckerberg
Risk & Compliance
Tech Execs Face Questions on Immunity Law
The heads of Facebook, Twitter, and Google said changes to Section 230 could change how they moderate content.
By
Lauren Muskett
| October 28, 2020
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Technology
Facebook Zooms in on Videoconferencing
The company is launching Messenger Rooms as apps such as Zoom have seen usage take off since the coronavirus pandemic forced people to stay at home.
By
Matthew Heller
| April 27, 2020
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Technology
Facebook Shares Drop 7% Despite Earnings Beat
A fourth straight quarter of revenue growth below 30% and a 34% jump in expenses may have weighed on investors.
By
Matthew Heller
| January 30, 2020
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Risk Management
Should the Chairman and CEO Roles Be Held Separately?
The percentage of companies where one person holds both posts has long been declining, but the topic remains controversial.
By
David McCann
| October 8, 2019
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Technology
Facebook Unveils Libra Cryptocurrency
The project would bring a consumer-friendly version of digital currencies to smartphones around the world.
By
Lauren Muskett
| June 18, 2019
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Technology
Facebook Sets Aside $3B for Possible FTC Fine
Facebook says the charge it took in the first quarter is a reasonable estimate of what it would cost to resolve an FTC privacy investigation.
By
Matthew Heller
| April 25, 2019
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Financial Performance
Facebook Beats on Earnings, Raises Outlook
The company is now expecting revenue growth to slow by a “mid-to-high single-digit percentage” in the fourth quarter after a 33.5% gain in Q3.
By
Matthew Heller
| October 31, 2018
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Financial Performance
Facebook Shares Dive on Revenue Weakness
“We expect our revenue growth rates to decline by high-single-digit percentages from prior quarters sequentially in both Q3 and Q4,” CFO David Wehner says.
By
Matthew Heller
| July 26, 2018
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Technology
Data Privacy Hoopla Is a Wake-Up Call
Retailers, banks, and other companies that collect customer data online must respond to growing concern among consumers.
By
David McCann
| April 11, 2018
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Social Media
Facebook Posts Record Sales of $12.9B in Q4
While changes to Facebook's news feed have reduced usage of the network, higher ad prices offset any loss in revenue.
By
Matthew Heller
| February 1, 2018
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Risk & Compliance
Facebook Scraps Share Reclassification Plan
The plan would have enabled CEO Mark Zuckerberg to maintain control of the company but ran into a shareholder class-action lawsuit.
By
Matthew Heller
| September 25, 2017
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Technology
Facebook Revenue Soars 59% to $6.4B in Q2
The social media giant easily beat estimates as monthly users reached 1.71 billion and mobile advertising revenue rose 81%.
By
Matthew Heller
| July 28, 2016
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People
Facebook Proposes Zuckerberg Succession Plan
Shareholders will vote on a proposal to ensure Facebook "will not remain a founder-controlled company after we cease to be a founder-led company."
By
Katie Kuehner-Hebert
| June 6, 2016
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Technology
Facebook’s Q1 Soundly Beats Expectations
The social media giant reported a 52% rise in first-quarter revenue to $5.38 billion, with mobile ads accounting for 82% of all advertising sales.
By
Katie Kuehner-Hebert
| April 28, 2016
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Technology
Facebook’s Posts Better-Than-Expected Q4 Earnings
Advertising revenue in the fourth quarter rose 57%, to $5.64 billion, beating analysts' average expectation of $5.15 billion.
By
Katie Kuehner-Hebert
| January 28, 2016
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