Here we are … the ‘public’ Facebook is off and running but hey, why won’t it update ??? Why is it so slow??? Here are the best tidbits, plus a couple of interesting rumors …
* The Facebook Debacle; Special Report by Leading Financial Web Site
* Facebook’s First Public Earnings, Q2 2012, Scheduled For July 26th
* Is Facebook Readying Its Secret Ad Weapon Vs. Google?
* Rumors Say Facebook Planning To Launch ‘Want’ Button
* Prices of Facebook stock since long-awaited IPO
* The anti-Facebook: ServiceNow soars in IPO debut
* Facebook shares slip on latest neutral rating
* How Facebook Can Make Money (in One Word)
* Facebook IPO Hasn’t Hit Nasdaq Volumes
. . . and more
Rumors Say Facebook Planning To Launch ‘Want’ Button
One developer claims to have uncovered evidence in Facebook’s code showing that the popular social networking website could be considering adding a ‘Want’ button.
According to Salvador Rodriguez of the Los Angeles Times, the man, Tom Waddington, said that the code for the button appears in Facebook’s Javascript SDK (software developer kit) as a tag reading “< fb:wants >“.
Full story : RedOrbit
How Facebook Can Make Money (in One Word)
WANT.
Of the many long-standing rumors about Facebook, one of the longest-standing is the site’s imminent introduction of a Want button. Facebook, the rumor always goes, will be adding granularity to its current Like/Recommend/Subscribe suite of buttons — and the Want button (as opposed to the also-rumored Read, Listened, and Watched buttons) will allow Facebook users to announce what they’re liking in a purely commercial context. Think Pinterest meets Amazon meets the Open Graph. Desire, commodified — with a click. Full story : The Atlantic
Is Facebook Readying Its Secret Ad Weapon Vs. Google?
It looks like Facebook is getting ready to add a new button to let people signal not just what they ‘like,’ but what they ‘want.’
Software developer Tom Waddington flagged the possibility on his blog on June 27, but we all just got around to noticing it yesterday and today. The button is disabled right now, and Facebook isn’t saying anything about it, but Waddington thinks it could become the basis for a sort of universal wishlist that developers and sites could get access to. Full story : Forbes
The Facebook Debacle; Special Report by Leading Financial Web Site
In a recent Investment Contrarians article, editor Sasha Cekerevac points out that the key to long-term success in investing is allowing only small mistakes and avoiding the large investor mistakes that most people make.
Before the Facebook initial product offering (IPO), Cekerevac announced that he believes this IPO was one such large mistake that could have been avoided if investors did a proper analysis instead of believing the hype. Full story : Albany Times Union
Prices of Facebook stock since long-awaited IPO
Facebook Inc.’s stock fell again Friday, the third straight day of decline. It lost 27 cents, or nearly 1 percent, to close at $31.09. That’s down 18 percent from its public offering price of $38.
The stock has been up on 14 trading days and down on 16 since its initial public offering. Full story : Businessweek
Facebook’s First Public Earnings, Q2 2012, Scheduled For July 26th
Facebook will give investors and the world their first official look at its post-IPO earning for Q2 2012 at 2pm PST on July 26th, according to a brief note posted to its investor relations page just now.
There’s been no indication of whether CEO Mark Zuckerberg will participate in an earnings call or if more business focused execs COO Sheryl Sandberg and CFO David Ebersman will be the ones fielding questions. Full story : TechCrunch
Facebook IPO Hasn’t Hit Nasdaq Volumes
Nasdaq OMX Group Inc.’s core U.S. stock-trading business has retained market share despite some of its largest customers suffering heavy losses in the bungled debut of Facebook Inc.
Officials at some of Nasdaq OMX’s largest customers said they had considered moving trades to other exchanges, but business has held steady at Nasdaq OMX in the weeks following the IPO on May 18. Full story : Wall Street Journal
Facebook shares slip on latest neutral rating
Facebook Inc. (US:fb) was started with a neutral rating and $34 price target at Macquarie Securities on Friday morning.
In a note to clients, analyst Ben Schachter wrote that the company’s size and scale “is its key competitive advantage, yet there is a significant gap between the amount of time spent on Facebook and the percentage of advertising dollars spent on the site. Full story : MarketWatch
The anti-Facebook: ServiceNow soars in IPO debut
Did Morgan Stanley get it right this time? Morgan Stanley (MS) certainly made investors happy Friday, a day after it priced cloud computing company ServiceNow’s initial public offering at $18 a share.
Compare the ride of these stocks to the much-hyped debuts of Facebook, Groupon and Zynga. Facebook’s 18% drop since its IPO looks better than its rivals. Groupon and Zynga are down 51% and 46%, respectively, since their IPOs. Full story : CNNMoney
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