Last price47.94Prev Close48.34
Day Low47.71Day High49.39
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I've made no bones about my feelings for Facebook Inc (Nasdaq: FB) - that it's overrated, a flash in the pan, and ultimately doomed.
Yes, the company just knocked the ball off earnings yesterday. And the stock is up 4.86% as I write this. But I really couldn't care less what happens in the short term. I still can't get behind its long-term potential.
Mobile or not, customers (most notably the younger teenagers who put Facebook on the map) are moving on to other platforms, developed markets are stagnant, and, according to CFO David Ebersman, the company doesn't expect to significantly increase the "quality and relevance" of Newsfeed advertising in Q4.
And then there's the new "dead last" report that just came out.This is where the rubber meets the proverbial road for me...
Are Amazon (AMZN), Facebook (FB) Good Stocks to Buy Now?
Money Morning Capital Wave Strategist Shah Gilani joined FOX Business' "Varney & Co." today (Wednesday) to discuss whether two hot stocks in the market right now, FB and AMZN, are good buys.
Gilani shocks Varney when he tells him what he's doing with AMZN right now...To continue reading, please click here...
Why the Facebook Stock Price Has Doubled in Two Months
After an ugly 15 months of trading, the Facebook stock price (Nasdaq: FB) has not only passed its $38 initial public offering (IPO) price, but it has more than doubled over the last two months and is up an astounding 85% year to date.
Shares of the social networking giant have done a stark about-face since hitting a low of $17.55 in September 2012.
Some 135,723,000 shares changed hands Tuesday, making FB the day's most actively traded stock. Shares finished the day at $48.45, up 2.67%
Facebook stock was trading above $49 a share Wednesday.Read more...
Don't Feel Bad If You Miss Out on the Twitter Stock IPO
The Twitter stock IPO is going to happen - it's no longer a question of if, but of when. The company is the latest social media concern to go public, and investors and commentators alike are looking forward to the festivities.
It remains to be seen whether or not NASDAQ can avoid the issues that it ran into with Facebook Inc. (Nasdaq: FB). That IPO was one of the biggest in history. The company had a market cap of $104 billion, unprecedented for an IPO.Read more...
Facebook (Nasdaq: FB) Stock Zooms – But Don't Let Earnings Fool You
Facebook (Nasdaq: FB) stock is up more than 30% today as investors applaud the second-quarter earnings report released yesterday (Wednesday).
Investors were thrilled to see FB earnings improve from previous disastrous quarters, and their exuberance pushed Facebook stock above $30 a share for the first time since January.
But, before you think FB stock is now the hottest investment of 2013, take a closer look at what's going on...
Facebook (Nasdaq: FB) Earnings: It's All About Mobile
One of the most closely watched earnings reports comes after the close Wednesday when Facebook Inc. (Nasdaq: FB) earnings for the second quarter are released.
A Fab.com IPO Might Cure the Facebook Syndrome
Facebook's (NASDAQ:FB) IPO dud changed the game for startups trying to raise money in public markets.
Investors are much more cautious, requiring startups to have seemingly impossible numbers and an established track record of success.
But some startups are moving along quite nicely, despite the "Facebook syndrome."