Wall Street was kind to Facebook Thursday, as AP reported that analysts Brian Pitz of Jefferies and Daniel Salmon of BMO Capital Markets upgraded their ratings on the social network’s stock.
WALL STREET: Facebook Gets Likes From Two Analysts
BMO Capital Markets
Mediabistro Webcast
Vine has added sound and motion to the popular microblogging website, Twitter. Learn how to bring your information to life in our Vine webcast on Wednesday, June 19 from 4-5 pm ET. In this one-hour webcast, Gemma Craven (left), EVP, New York group director at Social@Ogilvy will discuss best practices for using the visual social platform and share some of her team's successful vine videos. Register here.
"Vine: Create Quick Social Videos To Market Your Brand" Webcast
Vine has added sound and motion to the popular microblogging website, Twitter. Learn how to bring your information to life in our Vine webcast on Wednesday, June 19 from 4-5 pm ET. In this one-hour webcast, Gemma Craven (left), EVP, New York group director at Social@Ogilvy will discuss best practices for using the visual social platform and share some of her team's successful vine videos. Register here. Analysts Like Facebook’s Long-Term Prospects, But Still Unsure About Mobile Revenue
It has been a rocky road for Facebook after its initial public offering. The reports of several Facebook underwriters were released today, as analysts feel that the company will be fine long-term, but there are still some lingering doubts about turning mobile usage into money.
Facebook Files S-1 Amendment Detailing Underwriters’ Allotments
A total of 38.5 percent of the 421,233,615 Facebook shares purchased by underwriters prior to its initial public offering went to Morgan Stanley, while E*Trade, which had been touted as the best source of stock in the social network for individual investors, received only 0.05 percent of the shares, according to an amendment to Facebook’s S-1 filing with the Securities and Exchange Commission, filed after the close of trading Friday.
