Tags: Facebook going public, Facebook Inc Nasdaq: FB, Facebook IPO, Facebook lockup, Facebook Stock, facebook stock exchange, facebook stock market, Facebook Stock Price, facebook stock price today, facebook stock quote, Facebook stock symbol, facebook stock ticker, FB Stock Price, Nasdaq: FB
If this Works, Facebook Stock Could be the “Buy of the Decade”
Read the original article at Money Morning
May 10, 2013 By Leave a Comment
Facebook Stock Risk: New Social Media Apps Luring Teens Away
Read the original article at Money Morning
April 16, 2013 By Leave a Comment
Facebook Inc. (Nasdaq: FB) is starting to get a taste of what it means to be the king of the social media hill.
Small and more nimble competitors with novel ideas have sprung up and begun to entice young users away from the No. 1 social media platform – a bad omen for Facebook stock, which 11 months after its IPO still trades 29% below its offer price.
According to Piper Jaffray’s annual “Taking Stock of Teens” survey, teens are spending less time with Facebook and more with a vast array of alternatives.
The survey showed that just 33% of teens consider Facebook “the most important social network” compared with 42% last year.
Last month, the creator of social photo album app Albumatic, Adam Ludwin, conducted a focus group of users under 25.
“They gave me the typical teenage response: ‘We’re bored with Facebook,’” Ludwin told Business Insider.
Anyone who doubts how quickly a social media company can become yesterday’s news need only look at MySpace, a once-dominant social media site that lost a third of its users in 2010 mostly as a result of Facebook’s growing popularity.
“History is not on Facebook’s side when the trend starts to move in the wrong direction,” Piper Jaffray analyst Gene Munster told MarketWatch.
What is Facebook Home – And Will it Do Anything for Facebook Stock?
Read the original article at Money Morning
April 4, 2013 By Leave a Comment
The much anticipated announcement from Facebook today (Thursday) has left us investors with two questions.
The first, what is Facebook Home?
The second, is this finally the development that CEO Mark Zuckerberg needs to rally investors behind Facebook stock, and lift it back above its IPO price of $38?
The social-networking giant Thursday unveiled Facebook Home, a customized homescreen for Android smartphones. Facebook Home highlights all things Facebook – a dream come true for anyone who loves the social media tool.
Facebook IPO Deal Leaves Wall Street Seeing Red
Read the original article at Money Morning
March 25, 2013 By Leave a Comment
The U.S. Securities and Exchange Commission on Monday approved Nasdaq’s plan to pay $62 million in compensation to brokers for mishandling the Facebook IPO. The Nasdaq missteps during Facebook’s (Nasdaq: FB) debut cost Wall Street a collective $500 million and firms have fought to recoup those losses.
The amount was cleared by the SEC after Nasdaq offered to pay more than is allowed under its existing bylaws. As a self-regulatory organization, the Nasdaq enjoys certain legal protections which could have resulted in a significantly smaller settlement.
Nasdaq proposed the voluntary $62 million as more firms claimed that the exchange misrepresented facts of what went wrong in trading that day. The amount is much more than the $3 million cap its rules permit for technical glitches.
Not everyone’s on board with the decision. Citigroup Inc (NYSE: C) and UBS AG (NYSE: UBS) urged the SEC to reject it, saying losses within their market-making units exceed $62 million. In fact, Citigroup raised the immunity argument last August in a letter to the SEC.
“Market participants suffered hundreds of millions of dollars of losses as a result of Nasdaq’s profit-driven conduct prior to and during the Facebook IPO, not a result of protected regulatory activity by Nasdaq, or routine system failures. Nasdaq should not be permitted to hide behind regulatory immunity,” Citi wrote in a letter to the SEC.
UBS, which claims to have lost more than $350 million, told the SEC brokers should be made whole. Many agree.
“Why should the banks and brokers be left holding the bag for Nasdaq’s snafus?” Scott Sales, a lawyer at Paul Hasting LLP who handles corporate listings and is not involved in the settlement, told The Wall Street Journal last month.
The SEC acknowledges the proposal won’t compensate for all losses, but added it provides “significantly more compensation for eligible claims, outside of litigation, than would otherwise be available.”
Can Mobile Really Drive a Facebook Stock Rally?
Read the original article at Money Morning
March 8, 2013 By Leave a Comment
One of the reasons Facebook stock (Nasdaq: FB) hasn’t fared better since it started trading – it’s off 25% from its $38 IPO price – is the company’s failure to profit from increased mobile activity among users.
But now, less than a year after Facebook’s acknowledgement that it needed to monetize its growing mobile member usage, the company bills itself as a truly mobile company.
“After initially struggling, Facebook has now mastered mobile, and I think the company has a bright future,” CNBC’s Jim Cramer said.
The company has made headway in the arena. Mobile monthly active users increased to 680 million in January, up 57% from a year earlier.
And mobile ad revenue tripled from the third to fourth quarter and now comprises 23% of total ad revenue.
“Over the last six months, while the public has pondered its mobile strategy, Facebook has quietly emerged as the superpower of application discovery, and is progressively playing a powerful role in reshaping e-commerce, media and advertising on mobile platforms,” wrote
All Things D. “Facebook’s new products – ranging from open graph and timeline to mobile installs – are reshaping how brands, companies and app developers can connect with their audiences and facilitate discovery in a crowded app world.”
More than half of Facebook users now access the site via mobile devices even though the on-the-go site lacks many features included in the PC version.
Nonetheless, the shift has been dynamic and is chipping away at FB’s desktop income stream, which generates greater, but now waning, revenue.
All Things D says that as Facebook’s mobile infrastructure develops, the social media behemoth is poised to transform mobile’s future much like Google’s (Nasdaq: GOOG) Adwords changed the face of search.
So does this mean the Facebook stock price will start to reward investors?
