Social Media Stocks Action: Facebook’s Woes, Pandora Earnings on Deck
Facebook, Inc. (NASDAQ:FB): According to the Wall Street Journal, a senior executive at Nasdaq Stock Market (NASDAQ:NDAQ) reported to customers that the exchange would have slowed Facebook’s IPO if it had been aware of the breadth of technical issues that would afflict its systems and interrupt the much looked forward to listing.
Pandora Media, Inc. (NYSE:P) reports earnings following the bell. Of the 17 analysts surveyed, 11 (64.7%) rate Pandora Media a buy. This is below the mean analyst rating of nine competitors, which average 77.7% buy ratings. In the fourth quarter of the last fiscal year, the company’s loss widened to a loss of a $8.2 million (6 cents a share) from a loss of $1.4 million (one cent) a year earlier, missing analyst expectations. Revenue rose 70.7% to $81.3 million from $47.6 million.
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