SevenCubed - 9:13 pm on Dec 6, 2012 (gmt 0)
Importantly, it's a report and may not have any truth to it.
True and that's one of the drawbacks of stock investing in this digital age. There is so much opportunity to manipulate stock prices (not just Facebook but all of them) by sources that have influential microphones.
It used to be, loooong time ago, that you really had to have connections to get breaking news as it was happening. I never had those connections and always depended on newspapers like The Financial Post or The Financial Times. By the time I read about it, it was typically old news because they were published once or twice a week. Plus a published story had to have depth to it -- something more than hearsay like this article is. But that wasn't such a bad thing because it lent more stability to share prices for serious investors.
The digital information age and all the gossip that comes along with it has changed the landscape tremendously. Mom and Pop investors have been thrown to the sharks. The markets have become more of a gambling playground for (mostly) uninformed speculators who have absolutely no interest in the company's long-term outcome. They just want the money that comes through short-term swings. And, right now Facebook with it's large common share float and uncertainty makes them giddy with glee -- it's an ideal short-term playground.