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Even with a big upcoming lockup expiration, Facebook (FB +21.6%) shorts are rushing to cover...

  • Wednesday, October 24, 2012, 9:55 AM ET
    Even with a big upcoming lockup expiration, Facebook (FB +21.6%) shorts are rushing to cover following a Q3 beat fueled by growing mobile ad sales, and an upbeat earnings call (I, II) focused on rising monetization. Social networking and mobile ad peers are joining in on the fun: LNKD +5.4%. RENN +4.9%. SINA +2.2% MM +10.7%. VELT +5.4%. Zynga (ZNGA +0.5%) is largely being left out after Facebook noted its Payments revenue share is quickly declining. Zynga announced layoffs yesterday and reports this afternoon. (FB transcript)
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This news story has 5 comments:

  •  
    That's one heck of a jump fore a company that essentially produces nothing.
    24 Oct 2012, 01:11 PM Reply Like
  •  
    be a little smart about it. facebook produces a platform whose content is produced by users and data sold to third parties for advertising.
    24 Oct 2012, 01:31 PM Reply Like
  •  
    That "data and content" is false in all too many instances.
    24 Oct 2012, 03:58 PM Reply Like
  •  
    More like one heck of a jump considering multiple dilutions still coming. The EPS number is a joke considering the 2.5 billion shares outstanding still.
    24 Oct 2012, 04:31 PM Reply Like
  •  
    Wow all the rats jumped shipped and now they brought a bunch of their friends back with them!! Now its a buy, the same folks that said it was a buy at $34 to $40 bucks. I luv the pros!!
    24 Oct 2012, 03:29 PM Reply Like
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