Facebook (FB) and LinkedIn (LNKD) are making big moves in the stock market today. Social networking giant Facebook’s popular photo-sharing app Instagram on Tuesday said it is now expanding its advertiser base outside of select brands. Advertisers can also target consumers by zip code or interest and posts can include external link buttons to shop and buy. Facebook shares jumped 2.5% in above average volume on Wednesday afternoon, retaking the
Social media stocks LinkedIn (LNKD) and Twitter (TWTR) have been suffering since posting disappointing quarterly results last week, but the two got upgrades on Monday. Stifel upgraded Twitter from sell to hold but cut its price target from 76 to 65. Twitter is currently trading around 38. Twitter stock plunged 18% last Tuesday, falling below its 50-day and 200-day lines. The short-form social media platform reported a big miss on revenue and
Analysts slashed their price targets on LinkedIn (LNKD) stock after the company’s weak guidance late Thursday, but they still like the long-term prospects of the social networking site for professionals. LinkedIn stock was down more than 20% in early afternoon trading on the stock market today, at a six-month low near 200. Late Thursday, LinkedIn reported better-than-expected Q1 earnings, but its Q2 outlook was well short of views. LinkedIn sees