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Days before Facebook’s debut
?“facebook still doesn't have the metrics to prove profitability and prove growth and awareness from their platform,givenchy shoes,” he added.
days before facebook’s debut, general motors announced it was pulling out of paid advertising on the social network, citing facebook’s unproven track record and concerns about the lack of evidence that advertising on facebook yielded strong returns.
facebook’s next moves in the growing mobile arena may also be giving some investors pause.
s&p capital iq equity analyst scott kessler said tuesday he has a $30 price target for facebook over the next 12 months,givenchy sneakers, citing facebook's still-nascent strategy to earn revenue in the mobile space.
s&p pointed to reports this week that facebook is looking to both buy browser company opera software and build a smartphone, noting that the company will have a hard time making money without proprietary mobile software and hardware.
“we think [facebook] is at an interesting juncture,givenchy flats studded, as not being more proactive on the mobile front could affect its competitive standing,givenchy flats, but being too aggressive could adversely affect its profitability,” kessler said.
reuters contributed to this report. |
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