Bloomberg reported that Facebook tried to hide its mobile risks in its IPO filing, but TheStreet debunked this, showing that the risk was highlighted in the company's initial filing on Feb.1.
"Growth in use of Facebook through our mobile products, where we do not currently display ads, as a substitute for use on personal computers may negatively affect our revenue and financial results," the filing said.
Groupon (GRPN) shares plunged 4.17% to finish at $5.05 as another competitor entered the daily deals space.eBay (EBAY) announced an online marketplace, known as eBay Lifestyle Deals, for deals on local services. The service is being offered in a select number of areas, including San Francisco, Los Angeles and Washington D.C.
Apple (AAPL) shares closed up marginally, gaining 0.8% to close at $640.91. Recent reports had suggested that Apple would send out invites today for its iPad Mini event, but nothing had materialized by 4 P.M. EST. Shares have been hit in recent days on concerns over supply chain issues and estimate cuts. Apple outperformed the broader Nasdaq, which fell 0.43%, as stocks continued to pull back from recent highs. Interested in more on Apple? See TheStreet Ratings' report card for this stock. --Written by Chris Ciaccia in New York >Contact by Email. Follow @Commodity_Bull
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV