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Expand chart
Reproduced from CivicScience; Chart: Axios Visuals

Facebook and its CEO, Mark Zuckerberg, have been on another wild ride.

The state of play: They've been dragged on television by opportunistic members of Congress and are fielding multiple antitrust inquiries, while attempting to push forward with the Libra digital currency. Libra is facing mounting resistance from regulators and legislators around the globe.

  • Its latest quandary is a refusal to ban political ads that include false statements. Data shows a wide majority of users want all political ads off the platform.

Reality check: Despite all the bad publicity, the one thing Facebook has been able to do quarter after quarter is deliver solid earnings.

By the numbers: Analysts are expecting earnings of $1.90 per share and Q3 revenue of $17.3 billion, 26.3% higher than last year, when the company reports after the bell on Oct. 30.

  • However, Facebook is on track to post earnings per share of $6.26 on revenue of $70.2 billion for the year, an annual EPS decline of 19.07%.
  • It would be the first year of negative EPS growth since 2012, the year Facebook debuted on the Nasdaq.

Go deeper: Platforms give pols a free pass to lie

Go deeper

Ben Geman, author of Generate
8 mins ago - Energy & Environment

Higher education expands its climate push

Illustration: Aïda Amer/Axios

New or expanded climate initiatives are popping up at several universities, a sign of the topic's rising prominence and recognition of the threats and opportunities it creates.

Why it matters: Climate and clean energy initiatives at colleges and universities are nothing new, but it shows expanded an campus focus as the effects of climate change are becoming increasingly apparent, and the world is nowhere near the steep emissions cuts that scientists say are needed to hold future warming in check.

Ina Fried, author of Login
35 mins ago - Economy & Business

The pandemic isn't slowing tech

Illustration: Eniola Odetunde/Axios

Thursday's deluge of Big Tech earnings reports showed one thing pretty clearly: COVID-19 may be bad in all sorts of ways, but it's not slowing down the largest tech companies. If anything, it's helping some companies, like Amazon and Apple.

Yes, but: With the pandemic once again worsening in the U.S. and Europe, it's not clear how long the tech industry's winning streak can last.

Texas early voting surpasses 2016's total turnout

Early voting in Austin earlier this month. Photo: Sergio Flores/Getty Images

Texas' early and mail-in voting totals for the 2020 election have surpassed the state's total voter turnout in 2016, with 9,009,850 ballots already cast compared to 8,969,226 in the last presidential cycle.

Why it matters: The state's 38 Electoral College votes are in play — and could deliver a knockout blow for Joe Biden over President Trump — despite the fact that it hasn't backed a Democrat for president since 1976.