Facebook (FB +3.1%) is rallying again today after Baird's Colin Sebastian provides a favorable take on the company's mobile ad network plans. "Facebook is amassing the most comprehensive user profile database in existence," Sebastian asserts, and this could allow it to "become a more relevant ad network than Yahoo (YHOO) and AOL," as well as take on display ad leader Google (GOOG). [View news story]
I agree as well as the ability to monetize that user base whenever they choose.
Facebook's (FB) IPO price range has been finalized at $34-$38, sources tell CNBC, and the company won't be filing another S-1 before it starts trading. Facebook can still price its IPO above its range, but SEC rules would prohibit a price higher than $45. [View news story]
Facebook (FB +3.1%) is rallying again today after Baird's Colin Sebastian provides a favorable take on the company's mobile ad network plans. "Facebook is amassing the most comprehensive user profile database in existence," Sebastian asserts, and this could allow it to "become a more relevant ad network than Yahoo (YHOO) and AOL," as well as take on display ad leader Google (GOOG).
[View news story]
Facebook's (FB) IPO price range has been finalized at $34-$38, sources tell CNBC, and the company won't be filing another S-1 before it starts trading. Facebook can still price its IPO above its range, but SEC rules would prohibit a price higher than $45. [View news story]