Green Eggs and Facebook (FB)
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September 5, 2012 8:04 AM EDT
Jefferies initiates coverage on Facebook (NASDAQ: FB) with a Buy. PT $30.00.
Jefferies analyst said, "With a potent mix of unprecedented scale, high engagement, and social + behavioral targeting, we think Facebook is must-buy media for marketers as they follow users online. Lockup pressure looks... More
September 4, 2012 5:19 PM EDT
With shares down 53 percent since its May 2012 IPO, Facebook (NASDAQ: FB) shareholders received a rare reprieve Tuesday evening after it was disclosed that CEO and majority shareholder Mark Zuckerberg won't sell any stock for at least 12 months.
In an SEC filing, the company said Mark Zuckerberg has decided not to adopted a Rule 10b5-1 Plan and has informed the company that he has no intention to conduct any sale transactions in Facebook securities for at least 12 months.
Mr. Zuckerberg currently holds in aggregate... More
