Facebook (FB) Stock Up Despite $1 Billion Lawsuit

NEW YORK (TheStreet) -- Shares of Facebook  (FB)  are up 0.74% to $118.11 this morning despite a $1 billion lawsuit against the company.

The lawsuit, filed by the families of five American victims of attacks, alleges that the Menlo Park, CA-based technology company allowed Palestinian militant group Hamas to use Facebook to carry out recent assaults.

The attacks killed four Americans and injured one in Israel, the West Bank and Jerusalem.

The suit claims the group used Facebook to share information with members on operations and tactics, upcoming demonstrations, road closures and instructions on how to carry out attacks.

"Facebook has knowingly provided material support and resources to Hamas in the form of Facebook's online social network platform and communication services," the suit said, Bloomberg reports.

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Separately, TheStreet Ratings rated this stock as a "buy" with a ratings score of B+.

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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins.

TheStreet Ratings feels its strengths outweigh the fact that the company is trading at a premium valuation based on TheStreetRatings' review of its current price compared to such things as earnings and book value.

You can view the full analysis from the report here: FB

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. 

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