Facebook's Lockup Question
Facebook (FB) is finally showing some mobile prowess, which is just what the bulls ordered.
The latest earnings report, which exceeded analyst and most investor expectation, demonstrated a major shift away from FB's dependence on Zynga (ZNGA) and a big increase in mobile revenue. Whether it can grow at a quick enough pace to continue to justify this market cap is another question. But for now, FB has addressed, in the short term, the biggest question investors and skeptics have about the company. Perhaps Mark Zuckerberg was tipping his hand a bit in his recent interview. One caveat for bulls here is the Nov. 13 lockup release, giving some investors a chance to finally sell shares, which have been restricted. This lockup release brings to market almost half the total shares of the company. To say it is huge, is an understatement. The stock sold off hard on a smaller lockup release last quarter, so it will be interesting to see the market's reaction this time around....308 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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