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I wouldn't put money into it, if you have no idea what they do, that's where joe the plumber got in trouble with the stock market in bubble 2000.
facebook hacks into your personal data more or less.
Look for some item online and whops, one day later you open your facebook account and on the side there is an advertisement for what you googled the day before. Coincidence? I don't think so. Quite shady and ... smart.
facebook hacks into your personal data more or less.
Look for some item online and whops, one day later you open your facebook account and on the side there is an advertisement for what you googled the day before. Coincidence? I don't think so. Quite shady and ... smart.
That's been going on since the dawn of the web. Making money for companies like google and facebook is centered around capturing user data and selling it.
I own some of this at the moment. It's a trade though, not a long term holding. Had I been at my computer earlier I would have likely sold today.
FB always does well when it reports earnings. They apparently have no problems....ever....well, after their IPO aftermath.
Could care less if they're faking it or not, it's working, wall street's loving them. Stock was dragged down today by other tech items. Will see if it rebounds or not.
Analyst downgrades Facebook to rare sell rating, predicts nearly 20% drop
Pivotal Research lowers its rating for Facebook to sell from hold. The firm says the company is facing digital ad saturation risk as large companies are "scrutinizing" their marketing budgets.
Quote:
Pivotal Research lowered its rating on the internet company to sell from hold, saying it is facing digital ad saturation risk as large companies are "scrutinizing" their marketing budgets.
"We think that the market is looking at upside potential without appropriately considering risks to growth," analyst Brian Wieser wrote in a note to clients Friday. "With every passing year, digital advertising is closer to a point where the market is saturated."
Down $9 or so in the pre markets..... something big must have happened.
Unfortunately I've been in and out of this stock for a year and I'm in right now.
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Stocks up a little more than a dollar today.
