The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, Abbott Laboratories and AbbVie, La Monica does not own positions in any individual stocks.
Sell in May and go away isn't working as an investment strategy so far this year ... unless you sold Facebook.
Shares of Facebook (FB) have plunged 12% in May. They hit their low point of MOREPaul R. La Monica - May 28, 2013 12:33 PM ET
Netflix CEO Reed Hastings caused a stir last year after he revealed that Netflix's monthly online viewing had exceeded one billion hours on his Facebook page instead of a press release or public filing. That raised concerns about whether social media posts were in compliance with the Securities and Exchange Commission's Regulation Fair Disclosure (Regulation FD) rules.
But following an investigation prompted by Hastings' post, the SEC has decided it's MOREHibah Yousuf - Apr 2, 2013 4:24 PM ET
The Securities and Exchange Commission approved Nasdaq's plan to pay $62 million to trading firms that incurred losses during Facebook's botched public debut last May.
The four major trading firms -- Knight Capital (KCG), Citadel, Citigroup (C) and UBS (UBS) -- lost a combined $500 million due to technical glitches at the Nasdaq during Facebook's initial public offering.
And while the accommodation plan won't compensate the firms in full, the SEC said it MOREHibah Yousuf - Mar 25, 2013 12:32 PM ET
Federal law enforcement officials arrested a Florida man Tuesday for allegedly defrauding investors by telling them he had access to shares of Facebook before its initial public offering.
The U.S. Attorney's office in New York said Craig Berkman, 71, received a total of $8 million from investors who thought they were investing in Facebook (FB) prior to the social network's IPO last year.
Berkman also allegedly misled investors about his access to MOREBen Rooney - Mar 19, 2013 3:49 PM ET
Netflix (NFLX) announced Wednesday that users can now share their movie and TV show viewing history on Facebook. That news helped boost shares of Netflix, already the best-performing stock in the S&P 500 this year, by 6%.
But Facebook? Not so much.
Facebook's (FB) stock fell more than 2%, continuing a slide since the social network reported fourth-quarter earnings back in January. Shares are now down 10% since that report.
It's an understatement MOREPaul R. La Monica - Mar 13, 2013 12:43 PM ET
Facebook (FB) shares have lagged the broader market this year. The stock even fell on Tuesday as the Dow was marching to a new all-time high.
And Facebook has really done poorly compared to rivals Google (GOOG), Yahoo (YHOO), AOL (AOL) and LinkedIn (LNKD).
But the stock was up more than 1% Wednesday, a day before the social network was set to announce changes to its News Feed feature.
Investors are probably hoping MOREPaul R. La Monica - Mar 6, 2013 12:08 PM ET
Groupon will report its fourth-quarter earnings in two weeks. Is the worst over for the troubled daily deals stock?
One analyst seems to think so. Arvind Bhatia of Sterne Agee upgraded Groupon (GRPN) from "neutral" to "buy" on Wednesday morning. Shares popped 5% on the news.
Groupon has enjoyed a stellar run in recent months. The stock has more than doubled from the 52-week low it hit in November. But you have MOREPaul R. La Monica - Feb 13, 2013 12:15 PM ET
Yelp (YELP) is getting bad reviews from investors Thursday after reporting a wider quarterly loss.
The company, , which provides user-generated reviews of local businesses, has been making a big push to expand into other countries but that costs money. Sales and marketing expenses jumped 59% in the latest quarter.
That's a tough pill for investors to swallow when they're looking for a profit.
Shares are down 5% today and have slid some MORECatherine Tymkiw - Feb 7, 2013 1:19 PM ET
In the biggest IPO since Facebook, animal health company Zoetis generated strong demand from investors early Friday.
Shares of Zoetis (ZTS) surged as much as 22% in its debut on the New York Stock Exchange.
The company, which spun off from pharmaceutical giant Pfizer (PFE), sold 86.1 million shares at $26 apiece late Thursday. The stock traded as high as $31.74 before easing slightly but still remained above the IPO price.
The offering MOREBen Rooney - Feb 1, 2013 10:52 AM ET
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
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