Shares of FB are under pressure again today given recent headlines as well as negative sell side research reports. Sanford C. Bernstein & Co (arguably the gold standard of sell side research) issued an "underperform" (sell rating) and a $25 price target. No one wants to catch this falling knife...
Monday, June 04, 2012
Facebook charged with child abuse...?
Its been reported that Facebook (FB) is developing tools to let children younger than 13 years old use the site. This seems like a desperate attempt to reach out to new, untapped audiences in hope to boost its ad revenues now that FB is public. I think it is just a matter of time until the FTC privacy issues arise (again).
Shares of FB are under pressure again today given recent headlines as well as negative sell side research reports. Sanford C. Bernstein & Co (arguably the gold standard of sell side research) issued an "underperform" (sell rating) and a $25 price target. No one wants to catch this falling knife...
Shares of FB are under pressure again today given recent headlines as well as negative sell side research reports. Sanford C. Bernstein & Co (arguably the gold standard of sell side research) issued an "underperform" (sell rating) and a $25 price target. No one wants to catch this falling knife...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment