Will This News Affect Facebook (FB) Stock Today?

NEW YORK (TheStreet) -- Facebook  (FB) rose Tuesday amid news that a judge in southern Iran has ordered founder and CEO Mark Zuckerberg to appear in court to address complaints from some people that WhatsApp and Instagram, both owned by Facebook, violate their privacy.

The judge also ordered the two applications blocked in the country. It is extremely unlikely, though, that Zuckerberg would appear in the Iranian court because the U.S. and Iran have no extradition treaty. 

Another Iranian court blocked Instagram last week due to privacy concerns; however, users in the nation's capital, Tehran, could still access both Instagram and WhatsApp as of noon local time Tuesday, according to the AP. Facebook, Twitter  (TWTR), YouTube and other social sites and their mobile apps are already blocked in Iran.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

The stock was up 1.65% to $62.36 at 9:51 a.m.

Separately, TheStreet Ratings team rates FACEBOOK INC as a "hold" with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate FACEBOOK INC (FB) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation."

If you liked this article you might like

Apple Watch Issues Pull Nasdaq to Session Lows, Dow and S&P 500 in Flux

How Facebook Is Trying to Avoid a Public Relations Disaster with Songwriters

The Federal Reserve Is Now Ready to Blow It All Up

Theresa May Tells Tech Companies to Go "Further" in Removing Extremist Content

How to Invest Just Like a Millionaire