Seeking Alpha

FB
Facebook

5/22/2012, 2:06 PM ET
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FB Market Currents more »
  • 1:27 PM Maybe Facebook (FB) won't prove a major boon for newspapers after all: AppData reports the Washington Post (WPO) and The Guardian have each seen dramatic falls in monthly users for their Facebook "social reader" apps, following news feed changes. Peter Kafka is pleased. "I don’t need to automatically know what my friends are reading — I only want to know about the articles they want me to read." Many users might not be crazy about sharing all of their reading activity either.
    2 Comments
    [Tech, Consumer]
  • 11:34 AM Facebook's (FB) precipitous decline yesterday tripped a circuit-breaker just 15 minutes after the open and triggered restrictions on shorting. The break will remain in place until the end of today's session. Finra data shows that 23.6M Facebook shares were shorted on Friday and 6.4M yesterday.
    1 Comment
    [Tech, On the Move, Consumer]
  • 9:43 AM It's happening again. Facebook (FB -7%) dives in early trading to $31.65 - shares are now down 17% from their $38 IPO price, though the company's multiples are still high. If Facebook doesn't soon reverse course, class-action suits over last week's increase in its offering price may just be a matter of time. (also)
    10 Comments
    [Tech, On the Move]
  • 8:52 AM Finra will oversee a process that will try to reconcile the botched trades that resulted from the technical problems that hit Facebook's (FB) debut on Nasdaq (NDAQ). Finra's review adds to an inquiry at the SEC.
    Comment!
    [Tech, Consumer]
  • 8:32 AM Analysts at Facebook's (FB) lead underwriters cut their revenue estimates ahead of the IPO, reports Reuters, passing the information on to a few of their key clients. "My biggest hedge fund client told me they lowered their numbers right around mid-roadshow," says an IPO researcher. He still bought the issue, he says, but flipped it immediately and went short. Shares -3.8% premarket.
    11 Comments
    [Tech]
  • 8:12 AM Facebook (FB -2.4%) continues to fall as the blame game starts over responsibility for its 11% slump yesterday. Among the chief names are Morgan Stanley (MS), the lead underwriter; Nasdaq (NDAQ), for the tech problems on Friday; and of course Facebook. Among the criticisms: the price was too high and too many shares were sold.
    2 Comments
    [Tech, Consumer, On the Move]
  • Monday 6:49 PM Microsoft (MSFT) has quietly launched a social networking site called So.cl. Rather than directly competing with Microsoft partner Facebook (FB) a la Google+, So.cl focuses on the sharing of searches and the aggregation/discovery of multimedia content. The launch comes shortly after Microsoft revamped Bing to provide deeper Facebook/Twitter integration. (previous)
    2 Comments
    [Tech]
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  • Stock Market Watch Starting May 22: Taking Stock Of Social Media Stocks In The Wake Of The Facebook IPO Debacle
    Tue, May 22 • danielosborne • Comment!
  • A Rough Estimation Of Facebook's Intrinsic Value
    Tue, May 22 • Bud Labitan • Comment!
  • Stock Trading Tips - Is Facebook A Good Stock To Buy Now? Questions You Must Ask Yourself
    Tue, May 22 • mikehaslow44 • Comment!
  • Is Facebook A Good Stock To Invest In ? Stock Market Predictions
    Tue, May 22 • mikehaslow44 • Comment!
  • Best Stocks To Buy – Is Facebook A Good Stock To Invest In ?
    Tue, May 22 • mikehaslow44 • Comment!
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Company Description

Facebook is a social networking website that enables you to share the things you care about with the people you care about. You can publish your ideas, opinions, pictures and activities to your friends, family, colleagues or the world. We believe that Facebook gives every person a voice—an... More

Sector: Technology
Country: United States