Facebook Analyst: Tech Firms Will Have to Invest "Billions" in Security
While some Facebook execs were in Washington, D.C. Wednesday, testifying about Russia-backed ads, CEO Mark Zuckerberg announced blow-out earnings. The company reported ad revenue of over $10 billion and 2.07 billion monthly active users. Daniel Ives, Chief Strategy Officer and Head of Technology Research at GBH Insights, discusses the social media platform's 2018 guidance.
Zuckerberg said 2018 will be a year of "investment." Ives believes this should be used to further expand its ad growth, AR, mobile platforms, video, consumer engagement, and Instagram/Messenger monetization into 2018 and beyond. However, Ives said the platform will need to invest billions in security, which concerns investors. Zuckerberg warns that the company's future profitability will be impacted because of it.
Plus, we can't forget Apple. The tech giant reports earnings after the bell Thursday. Ives says early demand for the iPhone X will continue throughout the year. He says the Street really wants to see guidance for 75-80 million units in the month of December. He believes this will be Apple's biggest super cycle.
After a few months of positive data, the Fed chair says he’s in no rush to cut rates – and this analyst says inflation could stick around for the near future.
As the DOJ potentially prepares to file criminal charges against Boeing, an industry expert breaks down what went wrong – and how it could make things right.
The Fed chair seems pleased with how far inflation has fallen, but according to this analyst, we could be waiting until 2025 to hit that crucial 2% goal.
While the Fed has made it clear that it won’t consider cutting rates until at least September, one analyst is expecting a whopping seven cuts in a row.
The NASDAQ’s Executive Vice President of Corporate Platforms breaks down why you’ll probably see a lot of companies going public in September and December.
