Meta Platforms Inc. (META)

Index:

Nasdaq 100

$ 504.22
   
  • Change Today:
    $0.00
  • 52 Week High: $527.34
  • 52 Week Low: $283.25
  • Currency: US Dollars
  • Shares Issued: 2,211.00m
  • Volume: 156,197
  • Market Cap: $1,114,830m

New Huawei models won't have Facebook, Instagram or Whatsapp pre-installed

By Caoimhe Toman

Date: Monday 08 Jul 2019

LONDON (ShareCast) - (Sharecast News) - Facebook won't allow Huawei to pre-install its apps on the manufacturer's new smartphones anymore, reported Reuters on Friday.
Following Google's lead, Facebook is cutting ties with the Chinese giant after the US issued a trade ban against the company and blacklisted it.

Although it won't be able to include them outside of the Play Store as it currently does ,Huawei phone users will still be able to download the apps and get updates from the store.

The new decision will apply to all Huawei phones that have not yet left the factory.

The move by Facebook could further dampen the sales outlook for Huawei, whose smartphone business became its biggest revenue generator last year.

But the company's smartphone unit wasn't the only one being impacted by the new US measures. Washington recently called for governments to ban Huawei's involvement in the development of the 5G mobile network, claiming that the equipment will be used by Beijing for espionage operations.

Huawei has insisted that the spying accusations are false and that the Trump administration is using the blacklist as leverage against the Chinese government to get a trade deal.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

META Market Data

Currency US Dollars
Share Price $ 504.22
Change Today $ 0.00
% Change 0.00 %
52 Week High $527.34
52 Week Low $283.25
Volume 156,197
Shares Issued 2,211.00m
Market Cap $1,114,830m

What The Brokers Say

Strong Buy 25
Buy 24
Neutral 8
Sell 2
Strong Sell 0
Total 59
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Trades for --2024

Time Volume / Share Price
0 @ $0.00

Top of Page