FB: Facebook's Big Announcement Doesn't Justify A $30 Price

Facebook's Big Announcement Doesn't Justify A $30 Price
by Insider Monkey

By Matt Doiron
Facebook Inc (FB), after a rocky start, has been getting some interest from hedge funds. It was actually one of the ten most popular tech stocks among hedge funds in the third quarter of 2012 (see the full top ten list), with Tiger Cub hedge funds Tiger Global and Viking Global being two of the largest holders of the stock in our database of 13F filings (find more stock picks from Tiger Global and from Viking Global). Since dropping below $20, the stock has rallied and is currently trading around $30 per share. read more »

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