Facebook Stock Falls On Mobile Costs; Citi Downgrades
Posted on January 31, 2013 at 13:08 PM EST
Shares of social networking leader Facebook (FB) were down 1% in midday trading Thursday, after being down as much as 8% earlier, after the company late Wednesday said it would invest in new technology this year. The company released Q4 results that beat the consensus estimate of Wall Street analysts, yet failed to meet the highest expectations of some analysts and investors. After the report, Citigroup analyst Neil Doshi downgraded the stock to a