Editor’s Note: Facebook Inc (NASDAQ:FB), Microsoft Corporation (NASDAQ:MSFT), Google Inc (NASDAQ:GOOG), Amazon.com, Inc. (NASDAQ:AMZN), LinkedIn Corp (NYSE:LNKD), United Online, Inc. (NASDAQ:UNTD), Renren Inc (NYSE:RENN)
Eminem’s publisher sues Facebook over ad (Courier-Journal)
Eminem’s song publisher is suing Facebook Inc (NASDAQ:FB) and its ad agency, claiming they infringed the Detroit rapper’s copyright. In the 12-page complaint, filed Monday evening in Detroit federal court, Ferndale, Mich.-based Eight Mile Style contends that a Facebook Inc (NASDAQ:FB) ad that was broadcast online April 4 copied music from Eminem’s 2000 song Under the Influence. The 30-second ad, dubbed Airplane, was featured in a webcast by Facebook Inc (NASDAQ:FB) chief Mark Zuckerberg to announce Facebook Home, an interface for Android phones. Some viewers at the time noted a similarity between the ad’s music and Eminem’s song.
Facebook Inc (NASDAQ:FB) creates “special widgets” (WallstreetPR)
Monday’s trading session saw Facebook Inc (NASDAQ:FB) down by 1.87%. The closing price of $25.76 climbed to an intraday high of $26.19 before settling down to close at $25.69 per share. Around 42.40 million shares were traded in the last trading session, which stood above the average volume of 34.90 million that was measured over a 30 days. On the eve of its first IPO anniversary, Menlo, California-based Facebook Inc (NASDAQ:FB) has successfully revved up revenue of $1.46 billion in its report for the quarter.
Xbox now faces Google, Apple, Amazon, Facebook threats (NewsDay)
Microsoft Corporation (NASDAQ:MSFT) is revamping the Xbox to fend off a breed of competitors ranging from Apple Inc. to Facebook Inc (NASDAQ:FB). Those companies were nowhere in gaming when the software maker debuted its last version five years ago. Now these newcomers — along with the likes of Google Inc (NASDAQ:GOOG) and Amazon.com, Inc. (NASDAQ:AMZN) — are posing a threat by introducing their own software and devices that let consumers access an array of games and entertainment on smartphones, computers and home electronics.
Facebook (FB) Gets Defriended by the Market (WallStreetPit)
This morning, the leading social networking stock in the world Facebook Inc (NASDAQ:FB) is coming under selling pressure again. This stock has been selling off since May 3, 2013, when it traded as high as $29.07 a share. Today, FB is trading lower by 0.38 cents to $25.87 a share. With this action in the stock price comes trading opportunity; swing traders should watch for some near term support on the Daily time frame chart around the $25.00 area. Short term day traders should also watch for intra-day support around the $25.80, and $25.32 levels. Both areas should provide for a bounce in the stock price. Some other leading social networking stocks that have been weak lately include LinkedIn Corp (NYSE:LNKD), Renren Inc (NYSE:RENN), and United Online, Inc. (NASDAQ:UNTD).
Billionaire Leon Cooperman: Facebook Inc (FB) Is a Value Play (InsiderMonkey)
Billionaire Leon Cooperman appeared on CNBC last week to say that the social networking giant Facebook Inc (NASDAQ:FB) is a value play. He noted that the company’s valuation might appear rich with Facebook Inc (NASDAQ:FB) having “a higher multiple than the kind of things we’re normally involved in, but we think there’s a lot of wind to their back” (check out Cooperman’s high upside picks). He proceeded to say, “We think that people are underestimating the mobility opportunity that exists in Facebook Inc (NASDAQ:FB)…we think ultimately they could achieve a market cap comparable to a Google Inc (NASDAQ:GOOG), which would make the stock very, very rewarding.”