Today's selloff in Facebook (FB -9.8%) is happening even though CLSA's James Lee is starting...
Tuesday, May 29, 2012, 2:15 PM ETToday's selloff in Facebook (FB -9.8%) is happening even though CLSA's James Lee is starting coverage with a Buy and $40 PT. Lee notes Facebook's ad click rates, a major concern for many, are much higher when an ad targets a "fan" of a product or service, and expects this trend and others to drive online ad share gains at Google's (GOOG) expense. On the flip side, Paul R. La Monica's talks with money managers find little interest in buying Facebook shares, mostly due to valuation concerns.
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