Facebook beat fourth-quarter earnings and revenue estimates, and improved mobile ad sales, but investors weren't all that impressed.
Facebook (FB) stock tanked 10% within minutes in after-hours trading following the earnings release. But the stock nearly fully recovered before edging lower again as CEO Mark Zuckerberg, CFO David Ebersman and COO Sheryl Sandberg answered questions from analysts on a conference call. Shares were down 4% at the conclusion of the call, MOREHibah Yousuf - Jan 30, 2013 6:50 PM ET
Facebook CEO Mark Zuckerberg announced a new search tool at a highly-anticipated press event Tuesday.
The new feature, dubbed "Graph Search," allows Facebook users to search their own network of connections for people, places, photos and interests that have been shared on Facebook. For example, users will be able to search for "friends who live in my city," "photos of the Eiffel Tower," or "music my friends like."
Facebook first announced the event last week, MOREHibah Yousuf - Jan 15, 2013 4:10 PM ET
Facebook (FB) stock rallied nearly 4% Wednesday, crossing $30 a share for the first time in six months.
The social network sent media invitations late Tuesday for an event at its Menlo Park, Calif. headquarters on January 15. The invitation called for reporters to "Come and see what we're building," fueling speculation that the company will make a major product announcement.
Hitting $30.28 Wednesday, the highest level since mid-July, shares of Facebook are MOREHibah Yousuf - Jan 9, 2013 12:48 PM ET
The battle for the hottest IPOs among stock exchanges is fierce, and it looks like the New York Stock Exchange has won first prize.
Early in the year, it looked like Nasdaq (NDAQ) would be a shoe-in, after it landed the Facebook (FB) listing.
Of course, the Facebook IPO was an epic flop, and the New York Stock Exchange (NYX) ultimately edged ahead of its rival.
The NYSE landed the majority, or MOREMaureen Farrell - Dec 27, 2012 3:19 PM ET
Facebook will make its way into the Nasdaq-100 (NDX) next week, but the social network could find itself in the even more widely tracked S&P 500 (SPX) soon enough, too.
According to Standard and Poor's methodology, "initial public offerings should be seasoned for 6 to 12 months before being considered for addition to an index." Facebook (FB) just celebrated its six-month birthday as a public company a little over two weeks ago.
While MOREHibah Yousuf - Dec 6, 2012 1:41 PM ET
High stakes FarmVille anyone?
Shares of Zynga (ZNGA) surged 5% early Thursday after the company said it had filed an application for a gaming license in Nevada.
The news, announced late Wednesday by Zynga chief revenue officer Barry Cottle, is a step towards real-money gaming, or RMG, for the company. Zynga has been struggling to make money off what appears to be the waning popularity of its social-network based games.
"This filing continues MOREBen Rooney - Dec 6, 2012 10:28 AM ET
Facebook is joining a new social network -- the Nasdaq-100 to be precise.
The California-based social media company will join the elite index on Dec. 12, replacing Infosys, an Indian tech company that is moving its U.S. listing to the New York Stock Exchange.
The move is not exactly a surprise. The Nasdaq-100 includes the 100 largest non-financial securities trading in the market. And with a market capitalization of around $60 billion, Facebook MORECharles Riley - Dec 4, 2012 11:41 PM ET
The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, and Abbott Laboratories, La Monica does not own positions in any individual stocks.
At one point this year, investors were assuming that the market for mobile devices and advertising began and ended with just two companies: Apple (AAPL) and Google (GOOG). They were the Home Depot and Lowe's of MOREPaul R. La Monica - Nov 29, 2012 12:41 PM ET
Facebook's (FB) stock is finally starting to live up to the lofty expectations that many investors had for it back in May when the company went public.
Shares of Facebook rose more than 8% Monday after analysts at Bernstein and BTIG upgraded the stock. Facebook has now rallied nearly 50% since touching a low of $17.55 in early September. The stock, currently around $26, is trading at its highest level since MOREPaul R. La Monica - Nov 26, 2012 12:44 PM ET
It's the 21st century, and AOL's stock is soaring. And no -- those two facts are not mutually exclusive.
Shares of AOL (AOL), an Internet pioneer way back in the 1990s, spiked more than 15% Tuesday after the online content provider announced third-quarter revenues and earnings that beat analyst forecasts.
Investors are continuing to place bets that AOL will not only stop its internal bleeding but that a turnaround is afoot. MOREMaureen Farrell - Nov 6, 2012 12:31 PM ET
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