Seeking Alpha

FB
Facebook

5/24/2012, 2:17 AM ET
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FB Market Currents more »
  • Wednesday 7:14 PM Clobbered over the last week due to Facebook's (FB) less-than-stellar IPO, GSV Capital (GSVC +4.9%) is now trying to downplay its Facebook exposure. Facebook only makes up 4% of GSV's overall holdings, says CEO Michael Moe, and 2013 IPO candidate Twitter is actually the company's largest position. Meanwhile, fellow Facebook owner SVVC has seen its price fall below its net asset value. [Tech, Financials]
  • Wednesday 7:03 PM Jim Cramer suspects Facebook's (FB +3.2%) reported guidance leak to analysts is the result of its May numbers being "really bad." His reasoning: Facebook is seeing a rapid shift in user activity from PCs to mobile devices, and mobile monetization remains very limited for now. (more on FB) [Tech]
  • Wednesday 3:49 PM Facebook (FB) is considering a proposal from the NYSE for the company to list its stock there, reports Reuters, citing a source familiar with the situation. [Tech, Breaking News]
  • Wednesday 2:19 PM The Angry Birds are flying into Facebook. Angry Birds Friends, the first Facebook (FB) offering for Rovio's absurdly popular franchise, is out of beta and filled to the brim with "social" features such as tournaments. The game, which features in-app purchases, is good news for Facebook Credits, but not for Zynga (ZNGA), which has seen daily users fall for a number of hit games as competition grows. [Tech]
  • Wednesday 1:16 PM Morgan Stanley (MS -2.6%) has offered a price adjustment to Facebook (FB +2.5%) investors in the event they overpaid due to order execution problems, Dow Jones reports. The news comes as lawsuits fly, politicians huff and puff, and sources tell the WSJ MS and other underwriters have made a $100M profit through "greenshoe" short positions on Facebook shares (Felix Salmon recently explained the arrangement in detail). [Tech, Financials]
  • Wednesday 10:02 AM More on the class-action suit against Facebook and Morgan Stanley: The firm handling the suit previously won $7B from Enron. Its complaint alleges remarks made in Facebook's S-1 about its ad outlook were "untrue statements" in light of reports an exec told analysts to lower their forecasts. Particularly incriminating, if true, are reports institutional demand fell due to the disclosure. That would make Facebook's situation the polar opposite of what may have recently happened with Groupon. [Tech, Financials]
  • Wednesday 9:10 AM Facebook (FB), CEO Mark Zuckerberg, and the IPO underwriters face a class-action suit by shareholders over accusations they concealed from investors "a severe and pronounced reduction" in the company's revenue growth forecasts. [Tech, Breaking News]
FB Press Releases and Filings more »
FB Latest Transcript more »
Currently, there are no transcripts for FB.
FB Instablog posts more »
  • Facebook (FB) Would Have A Bearish Chaikin Power Gauge Rating
    Wed, May 23 Marc Chaikin Comment!
  • Market Education Of The Facebook IPO
    Wed, May 23 Tradeplay Comment!
  • FB Would Be Down Even If NASDAQ Didn't Mess Up!
    Wed, May 23 Richard Bailey Comment!
  • Why Dividend Stocks Trump Treasuries
    Wed, May 23 Kate Stalter Comment!
  • Facebook Fiasco
    Wed, May 23 Jim Van Meerten Comment!
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Company Description

Facebook is a social networking website that enables you to share the things you care about with the people you care about. You can publish your ideas, opinions, pictures and activities to your friends, family, colleagues or the world. We believe that Facebook gives every person a voice—an... More

Sector: Technology
Country: United States