Facebook Attempting to Address More Data Issues; Shares Are Down 7%, but Remain Fairly Valued
The recent news surrounding the security of Facebook users’ personal data has dragged the stock down 7%. The controversy may further justify Europe’s General Data Protection Regulation campaign, the enforcement of which will begin in May, and increase the probability of similar demands in the U.S. We’ve accounted for such risk, to a certain extent, in our model, which has much lower than consensus projections over the next five years, but the news is concerning, and we continue to analyze possib...Facebook is building and engaging products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices. The company's products include: Facebook, which enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, which is a place where people can express themselves through photos, videos, and private messaging, and explore their interests in businesses, creators and communities; Messenger and WhatsApp, which are messaging applications; and Oculus, which connects people through its Oculus virtual reality products.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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