Facebook Will Screen Offensive Content From Ads and 2 More Heavily Traded Stocks to Follow
Facebook (NASDAQ:FB): Current price $24.88
On Friday, Facebook announced that it would remove ads from pages that contain controversial content, in an attempt to protect advertisers from appearing adjacent to offensive material beyond their control. The company said that it would commence the manual review for pages containing sensitive content next week, employing a team of hundreds of employees in offices on a global basis. This action comes a month after feminist groups pressed for an improvement in Facebook’s method for identifying and removing pages that glorify violence against women. In a message posted on its Website, the firm wrote: “Our goal is to both preserve the freedoms of sharing on Facebook but also protect people and brands from certain types of content.”
Intel Corporation (NASDAQ:INTC): Current price $24.23
Top executives at Intel said on Friday that the company will accelerate the development and intro of its Atom chips for mobile devices, while the computing world transitions away from the traditional personal computer. The new Chief Executive Brian Krzanich says that his company is also being “cautious” on its Intel television service, as it continues to examine the business model, commenting that “We believe we have a great user interface and the compression-decompression technology is fantastic. But in the end if we want to provide that service it comes down to content. We are not big content players.”
Barrick Gold Corporation (NYSE:ABX): Current price $15.74
Pomerantz Grossman Hufford Dahlstrom & Gross has brought a class action lawsuit against Barrick and certain of its officers in United States District Court, Southern District of New York. The class action is on behalf of a class comprised of all persons or entities who bought or otherwise purchased securities of Barrick between May 7, 2009 and May 23, 2013 both dates inclusive. This class action seeks to recover damages against the firm, and some of its officers and directors, resulting from alleged violations of the federal securities laws, pursuant to Sections 10b and 20a of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.