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22muffin

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  • Fidelity slashes its Facebook (FB -3.6%) stake - 21 of its funds selling over 1.9M shares in June. The sales are quick ones for Fidelity, which likes to "kick the tires and ask questions," says John Bonnanzio of Fidelity Insight. "It seems they ultimately decided that they didn't like what they see."  [View news story]
    bad stock
    Aug 1 05:31 PM | Likes Like |Link to Comment
  • Facebook (FB -4.9%) tumbles to new lows; shares are now down 42% from their $38 IPO price. The decline comes after Bernstein's Carlos Kirjner provides a lukewarm upgrade to Market Perform. Kirjner values Facebook's ad business at $19/share, and everything else at a mere $4/share. Moreover, he's worried about a decline in European ad rates (ed: ad rates rose elsewhere), and a share lock-up expiration that begins in August, and will increase Facebook's float by 276% by November. ZNGA -2.3%.  [View news story]
    he does not care
    Jul 31 02:22 PM | 1 Like Like |Link to Comment
  • Facebook's (FB -1%) closely-scrutinized advertising ops receive new endorsements from Ford (previous) and Coca-Cola. Execs praise Facebook as an effective means of engaging with customers, though they say little about its ability to directly drive purchases. The comments arrive as Evercore's Ken Sena starts coverage with a Hold, expressing concerns about mobile payments, slowing PC usage growth, and a late August share lock-up expiration. (also)  [View news story]
    FB stock will
    Jul 16 03:18 PM | Likes Like |Link to Comment
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