Facebook (FB) Announces 'Facebook Lite' for Android
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June 4, 2015 6:23 AM EDT
Evercore ISI analyst Ken Sena raised estimates and his price target on Buy-rated Facebook (NASDAQ: FB) to $105.00 (from $95.00), saying the company's product and scale lead are evident.
Sena commented, "While the role of scale cannot be underemphasized, this report attempts to focus more on product. Moreover, while a Facebook / Twitter combined note may seem a bit disjointed in the context of a downgrade, the comparison is useful in thinking through how the landscape is changing and what opportunities and pitfalls lie ahead within content distribution."
He added, "FB now equals Google... More
June 2, 2015 1:30 PM EDT
Facebook (NASDAQ: FB) is gaining mid-day (+1%) after the company announced its next steps for ads on its popular Instagram service.
The following was posted on its blog:
The Next Steps for Ads on Instagram: New Formats, Increased Relevance, Broader... More
June 2, 2015 8:12 AM EDT
Facebook (NASDAQ: FB) posted the following to its news blog on Tuesday:
Every day, the world generates more and more information text, pictures, videos and more. To be useful, Facebooks apps and services need to help you sort through all this information so you can better understand the world around you and more effectively communicate with the people... More
