Facebook Inc. shares were taking a drubbing Friday after the social network announced record revenue but threw some serious shade about its prospects in 2021. Regulation, a slip in usage in U.S. and Canada, and intensifying ad competition are among the worries.
The U.S. death toll from the coronavirus illness COVID-19 headed toward 229,000 on Friday and cases edged toward 9 million, with infections climbing in all swing states just days ahead of the presidential election.
A measure of consumer confidence rose in late October to a new pandemic high, largely reflecting growing optimism among Democrats that Joe Biden will win the presidential election.