Facebook (FB) is downgraded to Sell with price target of $16 at BTIG. Previously never that...

|About: Facebook (FB)|By:, SA News Editor

Facebook (FB) is downgraded to Sell with price target of $16 at BTIG. Previously never that enthusiastic about Facebook, BTIG is reportedly noting the collapse of payment revenues and questioning the effectiveness of mobile ads. Shares -2.6% premarket.