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It's obvious day today as Facebook (FB) has its price target cut to $23 from $35 at BAML, which...

It's obvious day today as Facebook (FB) has its price target cut to $23 from $35 at BAML, which cites future lockup concerns. The next big day expiration day is November 14. Shares +1.2% premarket. Take that Merrill Lynch. Far more ominous for Facebook: "Many are tired of (it)," says Jim Cramer. "When you drop off kids to school, you learn they like Twitter a heck of a lot more than Facebook."
Comments (3)
  • davidingeorgia
    , contributor
    Comments (2713) | Send Message
     
    $23? Well, they're getting warmer but not there yet. Keep guessing.
    31 Aug 2012, 07:29 AM Reply Like
  • yv204
    , contributor
    Comments (165) | Send Message
     
    Neither here no there, but it's score to FB that its user population is older and more able to pay. Twitter hasn't found a good way to monetize all that popularity and whether you like FB or not, it is making money.
    31 Aug 2012, 04:14 PM Reply Like
  • ssjiwa
    , contributor
    Comment (1) | Send Message
     
    Jim Cramer is wrong about kids liking twitter more than Facebook. What is his source? Stats or just mouthing off?
    31 Aug 2012, 05:48 PM Reply Like
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