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Facebook (FB +2.3%) is closing higher after Wedge Partners argues the company's closely-watched...

Facebook (FB +2.3%) is closing higher after Wedge Partners argues the company's closely-watched mobile ad business is "near a positive inflection [point]." Facebook has been scrambling to roll out new mobile ad formats as PC usage slips in the U.S. and other markets thanks in large part to growing mobile use - mobile Sponsored Stories has been the company's biggest success on this front. Today, Facebook officially launched its mobile app download ad product. (also)
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Comments (5)
  • rephinbar
    , contributor
    Comments (228) | Send Message
    One more last minute attempt to pump up the stock before the inevitable lock up expiration tsunami and earnings release.
    17 Oct 2012, 04:16 PM Reply Like
  • Deja Vu
    , contributor
    Comments (1638) | Send Message
    Wedge Partners attempting to give retail investors a wedgie...
    17 Oct 2012, 07:02 PM Reply Like
  • prophetofprofits
    , contributor
    Comments (3) | Send Message
    who remembers how FB shares reacted for Q2 earnings and the previous share lock up. October, NOVEMBER, and December will dilute the shares big time
    18 Oct 2012, 01:03 AM Reply Like
  • scabalqu
    , contributor
    Comments (264) | Send Message
    WEDGIE Partners is doing what do they do best -- give everyone useless information to try to pump up their losing stocks.


    Another reason to sell and stay away from Facebook.


    17 Oct 2012, 08:34 PM Reply Like
  • TrojanRay
    , contributor
    Comments (7) | Send Message
    Agree with Rephinbar.... that and they're probably trying to toast the $20 optioners set to expire at the end of this week.
    18 Oct 2012, 01:33 AM Reply Like
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