Bobby Lee Calls For BTC to Reach All-Time High in 2020

1h
cointelegraph

Bitcoin Cash Halving in T-Minus 16 Hours, BSV to Follow

1h
cointelegraph

Canaan IPO Class Action: Shareholders Must Decide Who Will Represent Them By May

1h
cointelegraph

Jack Dorsey Donates 28% of His Wealth to Global COVID-19 Relief

1h
cointelegraph

Will the Coronavirus Lead to Innovation? » The Merkle News

1h
cryptonewmedia

Bitcoin Naysayer Jamie Dimon Praises $2 Trillion Stimulus While Predicting Great Recession

1h
cointelegraph

Bitcoin Tracks Stocks Up to $7.4K Before Sliding Back to $7.1K

2h
cryptonewmedia

Altcoins Mark Return Of Bullish Phase But Analyst Warns Bitcoin Risks Drop To $5,600

3h
zycrypto

BTC’s Price is Either Going to Zero or Seven Figures

3h
cryptonewmedia

Why Bitcoin Needs Over $400 Million Monthly Inflow For Price To Maintain $7,000

3h
zycrypto

Bitcoin Dives to $7,000 as S&P 500 Tumbles: Is This It for Crypto...

3h
newsbtc

Stock Rebound is Trap, Go Bitcoin Instead: Galaxy Digital CEO

4h
bitcoinist

CME Bitcoin Futures Volume Finally Upticks Since March Crash, Is Institutional Investment Flocking Back?

4h
coingape

Former Facebook Exec: BTC's Price is Either Going to Zero or Seven Figures

4h
cointelegraph

ETH/USD Nearly Tests Critical 177.39 Level: Sally Ho's Technical Analysis 7 April 2020 ETH

4h
cryptodaily

Peak “Fear” Crypto Market Shows Big Bitcoin Recovery is...

4h
newsbtc

Ethereum (ETH) Gains Momentum Ahead of ‘ETH 2.0’ Upgrade

4h
cryptocurrencynews

What Makes DeFi Decentralized? Rune Christensen on Centralized Collateral and Decentralizing Make

4h
cointelegraph

Russian Darknet Criminals Sell $13M of Fake Cash for Crypto

5h
cointelegraph

Silk Road Founder Shares Update from Prison Amidst COVID-19 Pandemic

5h
utoday

Bitcoin Flashes “Warning Signs” After Facing Grim Rejection at...

5h
newsbtc

Ripple’s ODL Remittance Payments Are Blowing Up And Fueling XRP Rally

5h
zycrypto

Bitcoin Spikes by 2x in 26 Days: What’s Actually Behind the Big Rally?

5h
cointelegraph

March Sell-Off Reshuffles Top Exchanges for BTC Futures Trading

5h
beincrypto

Half A Billion People Use Anonymity Tools |

6h
cryptonewmedia


Facebook Cancels F8 Developer Conference Due to Coronavirus

The coronavirus has a serious impact on many spheres of social life. This year Facebook will not hold its F8 developer conference due to the fears and risks related to the virus.

Social media giant Facebook Inc (NASDAQ: FB) announced that it has canceled this year’s F8 developer conference due to fears caused by the coronavirus spread. The F8 developer conference is the biggest event hosted by the company, where it brings together more than 5000 developers and also entrepreneurs from all over the world.

This shows the devastating effect caused by coronavirus outbreak in the business sector. With the United States recently having reported a case from an unknown origin in Northern California, Facebook could not leave anything into chance.

The announcement has negatively affected the Facebook (FB) stock which has been bleeding together with other benchmark S&P 500 companies. At the time of the market closing, the stocks were trading $189.71 with the bears showing the tenacity to push further if the coronavirus effect continues fueling it. In the pre-market, FB has lost even more. Its price is $186.78.

In the past week, the shares have defied the strong rise that had dominated the chart market for the better part of 2019 and 2020. With a recent report showing the social media company is on the top list of companies hit hard by phishing attempts, it just adds salt to the wound.

F8 developer conference is a major event which Facebook uses to bring together developers and investors in one roof but this year the coronavirus has spoilt the plans. For years, the event has been successful with no glitch, making Facebook have a good reputation not only in the social media world but also as a developer hub. However, in the years 2009, 2012, and also 2013, the conference was also not held for reasons given by Facebook.

The company has been hosting it in San Jose McEnery Convention Center, California after it was moved from San Francisco in 2016. In the past, Mark Zuckerberg has been the key speaker opening the event, where Facebook has in the past used the conference to introduce new features to the social media app and also make new announcements.

Now, with coronavirus at hand and threatening most international and big companies, Facebook is starting to feel the heat from the coronavirus outbreak. With the uncertainty hovering in the air, the coronavirus outbreak is slowly turning into a global pandemic that is interfering with normal daily activities.

Although Facebook is just taking precautionary measures, the investors who had faith in its stock market are now slowly backing off. In the long term, it will affect the yearly revenue and mostly the Q1 earnings.

Business, Markets, News, Social Media, Stocks

A financial analyst who sees positive income in both directions of the market (bulls & bears). Bitcoin is my crypto safe haven, free from government conspiracies. Mythology is my mystery!

You have successfully joined our subscriber list.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments