Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Facebook share price: where next after strong Q3 sees uptick in users

Despite suffering a public relations nightmare, the social media company recorded a strong set of third quarter results that saw revenues rise and users increase.

Last week, Facebook reported a strong set of third quarter results that saw its daily active users increase 2% to 1.62 billion and revenue rise 29% year-over-year to $17.6 billion.

‘We had a good quarter and our community and business continue to grow,’ Facebook founder and CEO Mark Zuckerberg said. ‘We are focused on making progress on major social issues and building new experiences that improve people's lives around the world.’

Looking to trade Facebook and other tech stocks? Open a live or demo account with IG.

Facebook earnings beat expectations

The social media company’s strong quarterly performance translated into the business generating $2.12 in earnings per share (EPS) – beating analysts' forecast of $1.91 EPS.

In the wake of its Q3 results, Facebook saw its shares climb 5%, with the stock trading at $194.72 a share as of 11:45 GMT on Tuesday.

You can go long or short Facebook with IG using derivatives like CFDs and spread bets.

Forecasters are upbeat about Facebook’s share price. Based on 31 Wall Street analysts the average price target for the stock is $234.04, with a high estimate of $270 and a low of $120 a share, according to TipRanks.

Facebook catches flak for defending political ads

The social media company came under fire for not banning political ads and for refusing to fact-check candidates’ advertisements on its platform.

‘At times of social tension there has often been an urge to pull back on free expression . . . We will be best served over the long term by resisting this urge and defending free expression,’ Zuckerberg said.

‘I believe that the better approach is to work to increase transparency. Ads on Facebook are already more transparent than anywhere else,’ he added.

Zuckerberg’s sentiments differ from those expressed by Twitter CEO Jack Dorsey, who announced he will ban political ads on his platform.

Gerber Kawasaki bullish on US tech

Following earnings announcements from Apple and Facebook, Ross Gerber, CEO at Gerber Kawasaki, explains why he is bullish on the tech sector overall. However, he is bearish on Facebook within the group. Gerber also comments on Twitter’s decision to impose a global ban on political advertising on its platform.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

Act on share opportunities today

Go long or short on thousands of international stocks with spread bets and CFDs.

  • Get full exposure for a comparatively small deposit
  • Trade on spreads from just 0.1%
  • Get greater order book visibility with direct market access

See opportunity on a stock?

Try a risk-free trade in your demo account, and see whether you’re on to something.

  • Log in to your demo
  • Take your position
  • See whether your hunch pays off

See opportunity on a stock?

Don’t miss your chance – upgrade to a live account to take advantage.

  • Trade a huge range of popular stocks
  • Analyse and deal seamlessly on fast, intuitive charts
  • See and react to breaking news in-platform

See opportunity on a stock?

Don’t miss your chance. Log in to take advantage while conditions prevail.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Sunday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.