7/12/2018, 5:27 PM (Source: TeleTrader)
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Facebook's shares rally to record

Riding on the wave of risk appetite in markets in the United States on Thursday, Facebook Inc. surged 1.8% at 5:14 pm CET to $206.19 per share, an all-time high. The previous record was set on July 9. The social media operator was fined £500,000 yesterday by the United Kingdom's Information Commissioner’s Office for its conduct in the Cambridge Analytica data breach, which cleared a small part of the fallout from the global scandal.

In other news, Facebook has revealed it would give Social Science One, an academic organization, full access to personal information about 2.2 billion users. The move is apparently aimed at studying its influence on elections and democracy, in an initiative to boost transparency and also fight abuses. Of note, Mark Zuckerberg's technology empire unveiled augmented reality tools for advertising and other features on July 10.

After the Nasdaq 100 index, Amazon and Spotify all achieved records today, Alphabet Inc. was 1.96% higher at $1,176.5 per share, nearing its own all-time high, set on June 20 with $1,186.2856, and looking at least at the highest closing level.

Breaking the News / IT