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.
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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."